Allison Transmission (ALSN) – Investment Analysts’ Recent Ratings Changes

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Allison Transmission (NYSE: ALSN) has recently received a number of price target changes and ratings updates:

  • 11/2/2018 – Allison Transmission had its price target lowered by analysts at Citigroup Inc from $55.00 to $53.00. They now have a “buy” rating on the stock.
  • 10/31/2018 – Allison Transmission was given a new $55.00 price target on by analysts at Mizuho. They now have a “buy” rating on the stock.
  • 10/29/2018 – Allison Transmission was given a new $50.00 price target on by analysts at Oppenheimer Holdings Inc.. They now have a “buy” rating on the stock.
  • 10/24/2018 – Allison Transmission was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/11/2018 – Allison Transmission was given a new $50.00 price target on by analysts at Buckingham Research. They now have a “hold” rating on the stock.

ALSN traded up $0.48 on Wednesday, hitting $46.85. The company had a trading volume of 46,851 shares, compared to its average volume of 1,609,928. The firm has a market cap of $5.79 billion, a P/E ratio of 17.61, a P/E/G ratio of 0.97 and a beta of 1.43. Allison Transmission Holdings Inc has a 12-month low of $37.41 and a 12-month high of $53.76. The company has a current ratio of 1.71, a quick ratio of 1.33 and a debt-to-equity ratio of 3.69.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Monday, October 29th. The auto parts company reported $1.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.17. The company had revenue of $692.00 million during the quarter, compared to analyst estimates of $656.52 million. Allison Transmission had a return on equity of 90.71% and a net margin of 26.64%. The firm’s revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the business posted $0.75 earnings per share. On average, research analysts forecast that Allison Transmission Holdings Inc will post 4.61 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Monday, November 19th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 16th. This represents a $0.60 annualized dividend and a dividend yield of 1.28%. Allison Transmission’s dividend payout ratio (DPR) is presently 22.56%.

In other Allison Transmission news, VP Eric C. Scroggins sold 4,470 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $51.20, for a total transaction of $228,864.00. Following the completion of the transaction, the vice president now owns 23,423 shares in the company, valued at $1,199,257.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David S. Graziosi sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The shares were sold at an average price of $48.52, for a total value of $242,600.00. Following the transaction, the chief executive officer now owns 196,921 shares of the company’s stock, valued at approximately $9,554,606.92. The disclosure for this sale can be found here. Insiders have sold 388,664 shares of company stock valued at $20,046,606 in the last 90 days. Company insiders own 8.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in ALSN. Townsend & Associates Inc purchased a new stake in shares of Allison Transmission in the second quarter valued at approximately $111,000. Sun Life Financial INC purchased a new stake in shares of Allison Transmission in the second quarter valued at approximately $115,000. Moneta Group Investment Advisors LLC boosted its holdings in shares of Allison Transmission by 96.4% in the second quarter. Moneta Group Investment Advisors LLC now owns 4,095 shares of the auto parts company’s stock valued at $166,000 after purchasing an additional 2,010 shares during the period. Sigma Planning Corp purchased a new stake in shares of Allison Transmission in the second quarter valued at approximately $232,000. Finally, Murphy Capital Management Inc. purchased a new stake in shares of Allison Transmission in the second quarter valued at approximately $249,000.

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 13 transmission product lines with approximately 100 product models for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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