Allison Transmission (NYSE:ALSN) Cut to Buy at StockNews.com

StockNews.com downgraded shares of Allison Transmission (NYSE:ALSNFree Report) from a strong-buy rating to a buy rating in a research report report published on Thursday morning.

ALSN has been the topic of several other research reports. Oppenheimer upped their price target on Allison Transmission from $67.00 to $90.00 and gave the stock an outperform rating in a research note on Tuesday, March 26th. JPMorgan Chase & Co. raised their price target on Allison Transmission from $70.00 to $78.00 and gave the company a neutral rating in a report on Monday, April 15th. The Goldman Sachs Group lifted their price target on Allison Transmission from $55.00 to $63.00 and gave the stock a sell rating in a research report on Tuesday, April 16th. Finally, Robert W. Baird increased their price objective on shares of Allison Transmission from $84.00 to $87.00 and gave the company a neutral rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Allison Transmission currently has an average rating of Hold and a consensus target price of $71.71.

Get Our Latest Research Report on ALSN

Allison Transmission Stock Performance

Shares of ALSN stock opened at $75.06 on Thursday. The stock has a fifty day moving average of $77.95 and a 200 day moving average of $67.67. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 1.40 and a beta of 1.04. The company has a quick ratio of 1.95, a current ratio of 2.51 and a debt-to-equity ratio of 1.79. Allison Transmission has a 52 week low of $47.23 and a 52 week high of $83.42.

Allison Transmission (NYSE:ALSNGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The auto parts company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.89 by $0.01. The business had revenue of $789.00 million during the quarter, compared to analyst estimates of $772.37 million. Allison Transmission had a return on equity of 55.83% and a net margin of 21.80%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.85 earnings per share. As a group, research analysts expect that Allison Transmission will post 7.56 earnings per share for the current year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Monday, May 20th will be paid a $0.25 dividend. The ex-dividend date is Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. Allison Transmission’s payout ratio is currently 13.35%.

Insider Buying and Selling

In related news, VP Ryan A. Milburn sold 2,598 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $75.40, for a total transaction of $195,889.20. Following the sale, the vice president now owns 14,456 shares in the company, valued at approximately $1,089,982.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Allison Transmission

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new position in Allison Transmission in the 4th quarter worth about $56,334,000. Federated Hermes Inc. grew its stake in Allison Transmission by 62.5% in the third quarter. Federated Hermes Inc. now owns 799,312 shares of the auto parts company’s stock worth $47,207,000 after purchasing an additional 307,322 shares in the last quarter. Vision One Management Partners LP purchased a new position in Allison Transmission during the 4th quarter worth $17,848,000. Prevatt Capital Ltd bought a new stake in Allison Transmission during the 4th quarter valued at $14,538,000. Finally, Invesco Ltd. lifted its holdings in shares of Allison Transmission by 17.8% in the 3rd quarter. Invesco Ltd. now owns 1,477,554 shares of the auto parts company’s stock worth $87,264,000 after buying an additional 222,863 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

About Allison Transmission

(Get Free Report)

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.

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Analyst Recommendations for Allison Transmission (NYSE:ALSN)

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