Press coverage about Allison Transmission Holdings (NYSE:ALSN) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Allison Transmission Holdings earned a news impact score of 0.23 on Accern’s scale. Accern also assigned news articles about the auto parts company an impact score of 47.7696370583707 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Lou Simpson Boosts 5 Positions in 3rd Quarter – GuruFocus.com (gurufocus.com)
- Advance Auto Parts (AAP) Q3 Earnings Top Estimates, Down Y/Y – Nasdaq (nasdaq.com)
- American Axle (AXL) Banks on Business Expansion, Acquisition – Nasdaq (nasdaq.com)
- Nov 14, 2017 – Lou Simpson Buys Allison Transmission Holdings … – GuruFocus.com (gurufocus.com)
- Merrill Lynch: Tesla Semi Announcement Could Be A Reason To Buy Allison Transmission – Benzinga (benzinga.com)
A number of equities research analysts have recently weighed in on ALSN shares. Piper Jaffray Companies reissued an “underweight” rating and set a $25.00 target price (down previously from $31.00) on shares of Allison Transmission Holdings in a report on Wednesday, August 30th. BidaskClub raised Allison Transmission Holdings from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. ValuEngine raised Allison Transmission Holdings from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Citigroup Inc. lifted their target price on Allison Transmission Holdings from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Finally, Royal Bank Of Canada lifted their target price on Allison Transmission Holdings from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Allison Transmission Holdings currently has a consensus rating of “Hold” and a consensus target price of $43.40.
Allison Transmission Holdings (NYSE:ALSN) opened at $42.11 on Wednesday. The company has a market capitalization of $5,992.23, a PE ratio of 18.70, a P/E/G ratio of 1.70 and a beta of 1.24. Allison Transmission Holdings has a 52 week low of $30.44 and a 52 week high of $45.69. The company has a debt-to-equity ratio of 4.57, a current ratio of 1.50 and a quick ratio of 1.15.
Allison Transmission Holdings (NYSE:ALSN) last posted its quarterly earnings results on Monday, October 30th. The auto parts company reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.27. The business had revenue of $595.00 million during the quarter, compared to the consensus estimate of $533.53 million. Allison Transmission Holdings had a return on equity of 45.65% and a net margin of 16.34%. Allison Transmission Holdings’s revenue for the quarter was up 37.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 earnings per share. equities analysts expect that Allison Transmission Holdings will post 2.49 EPS for the current year.
Allison Transmission Holdings declared that its board has approved a share buyback plan on Wednesday, November 8th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the auto parts company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Monday, November 20th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Friday, November 17th. Allison Transmission Holdings’s dividend payout ratio (DPR) is presently 26.55%.
In other Allison Transmission Holdings news, SVP Randall R. Kirk sold 7,541 shares of Allison Transmission Holdings stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $34.27, for a total value of $258,430.07. Following the transaction, the senior vice president now owns 84,494 shares in the company, valued at $2,895,609.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO David S. Graziosi sold 39,264 shares of Allison Transmission Holdings stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $37.23, for a total value of $1,461,798.72. Following the completion of the transaction, the chief financial officer now owns 233,387 shares in the company, valued at approximately $8,688,998.01. The disclosure for this sale can be found here. 7.90% of the stock is owned by insiders.
Allison Transmission Holdings Company Profile
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).
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