Allison Transmission (NYSE:ALSN) Research Coverage Started at Freedom Broker

Freedom Broker initiated coverage on shares of Allison Transmission (NYSE:ALSN – Free Report) in a research report released on Friday,Benzinga reports. The brokerage issued a buy rating and a $144.00 price target on the auto parts company’s stock.

Several other research firms have also issued reports on ALSN. Morgan Stanley lifted their target price on Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. JPMorgan Chase & Co. lifted their price objective on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Citigroup decreased their target price on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, July 14th. Finally, Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $133.00.

View Our Latest Analysis on ALSN

Allison Transmission Stock Up 0.0%

Allison Transmission stock opened at $118.01 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07. The firm has a market cap of $9.75 billion, a P/E ratio of 18.76, a P/E/G ratio of 0.62 and a beta of 0.98. The business has a fifty day moving average of $122.44 and a two-hundred day moving average of $120.30. Allison Transmission has a twelve month low of $76.01 and a twelve month high of $137.62.

Allison Transmission (NYSE:ALSN – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.25. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.50 billion. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The business’s revenue was up 92.4% compared to the same quarter last year. During the same period last year, the business posted $2.29 EPS. On average, analysts forecast that Allison Transmission will post 10.27 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, August 21st. Allison Transmission’s dividend payout ratio (DPR) is presently 18.44%.

Insider Buying and Selling

In related news, insider Eric Scroggins sold 1,050 shares of Allison Transmission stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total value of $131,250.00. Following the completion of the sale, the insider directly owned 16,604 shares in the company, valued at $2,075,500. This trade represents a 5.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David Graziosi sold 26,708 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $132.97, for a total transaction of $3,551,362.76. Following the sale, the chief executive officer directly owned 304,843 shares in the company, valued at approximately $40,534,973.71. This represents a 8.06% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Allison Transmission

Several institutional investors and hedge funds have recently made changes to their positions in ALSN. Millstone Evans Group LLC purchased a new position in Allison Transmission in the 1st quarter worth $26,000. Cedar Mountain Advisors LLC acquired a new stake in Allison Transmission during the 1st quarter worth about $27,000. Cassaday & Co Wealth Management LLC acquired a new stake in Allison Transmission during the 1st quarter worth about $28,000. Persistent Asset Partners Ltd purchased a new stake in Allison Transmission during the 2nd quarter valued at about $43,000. Finally, Platinum Investment Management Ltd. purchased a new stake in Allison Transmission during the 4th quarter valued at about $62,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Company Profile

(Get Free Report)

Allison Transmission Holdings, Inc designs and manufactures fully automatic transmissions and propulsion solutions for commercial and defense vehicles. Its products are used in a broad range of applications, including refuse and construction trucks, buses, distribution vehicles, emergency vehicles, motorhomes, and off-highway equipment.

The company’s portfolio includes conventional automatic transmissions, hybrid-electric propulsion systems, and electric axles and other solutions intended to support vehicle electrification.

Further Reading

Analyst Recommendations for Allison Transmission (NYSE:ALSN)

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