StockNews.com Upgrades Allison Transmission (NYSE:ALSN) to Strong-Buy

StockNews.com upgraded shares of Allison Transmission (NYSE:ALSN) from a buy rating to a strong-buy rating in a research report released on Wednesday morning.

Other research analysts also recently issued research reports about the stock. Robert W. Baird lifted their price target on shares of Allison Transmission from $84.00 to $87.00 and gave the stock a neutral rating in a research note on Friday, April 26th. Citigroup started coverage on shares of Allison Transmission in a research note on Wednesday, June 26th. They issued a neutral rating and a $80.00 price target for the company. JPMorgan Chase & Co. raised their price objective on shares of Allison Transmission from $70.00 to $78.00 and gave the stock a neutral rating in a report on Monday, April 15th. Raymond James started coverage on shares of Allison Transmission in a report on Friday, June 28th. They set an outperform rating and a $85.00 price objective on the stock. Finally, Oppenheimer raised their price objective on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an outperform rating in a report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $75.25.

Allison Transmission Trading Up 0.1 %

NYSE ALSN opened at $77.47 on Wednesday. The firm has a 50 day simple moving average of $75.05 and a 200-day simple moving average of $71.86. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.95 and a current ratio of 2.51. Allison Transmission has a one year low of $50.13 and a one year high of $83.42. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 1.38 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The company had revenue of $789.00 million during the quarter, compared to the consensus estimate of $772.37 million. During the same quarter in the previous year, the firm earned $1.85 earnings per share. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Equities research analysts anticipate that Allison Transmission will post 7.65 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were issued a $0.25 dividend. The ex-dividend date was Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.29%. Allison Transmission’s payout ratio is 13.35%.

Insider Activity

In other news, VP Rafael Basso sold 12,624 shares of Allison Transmission stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $74.48, for a total value of $940,235.52. Following the transaction, the vice president now directly owns 4,624 shares of the company’s stock, valued at approximately $344,395.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $75.06, for a total value of $150,120.00. Following the transaction, the senior vice president now directly owns 14,420 shares of the company’s stock, valued at approximately $1,082,365.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Rafael Basso sold 12,624 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $74.48, for a total transaction of $940,235.52. Following the completion of the transaction, the vice president now directly owns 4,624 shares in the company, valued at $344,395.52. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

Institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc increased its stake in Allison Transmission by 1,200.0% in the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after buying an additional 336 shares during the period. SRS Capital Advisors Inc. increased its stake in Allison Transmission by 256.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock valued at $34,000 after buying an additional 426 shares during the period. Quent Capital LLC boosted its position in shares of Allison Transmission by 42.3% during the 4th quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock worth $41,000 after purchasing an additional 210 shares in the last quarter. TFO Wealth Partners LLC boosted its position in shares of Allison Transmission by 8,975.0% during the 4th quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 718 shares in the last quarter. Finally, Headlands Technologies LLC boosted its position in shares of Allison Transmission by 237.4% during the 4th quarter. Headlands Technologies LLC now owns 1,110 shares of the auto parts company’s stock worth $65,000 after purchasing an additional 781 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.