Allison Transmission (NYSE:ALSN) Reaches New 1-Year High at $89.09

Allison Transmission Holdings, Inc. (NYSE:ALSN)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $89.09 and last traded at $88.45, with a volume of 5663 shares. The stock had previously closed at $88.22.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ALSN shares. Raymond James initiated coverage on shares of Allison Transmission in a research note on Friday, June 28th. They issued an “outperform” rating and a $85.00 target price for the company. Robert W. Baird boosted their target price on Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Friday, July 26th. JPMorgan Chase & Co. upped their price target on Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Finally, Citigroup started coverage on Allison Transmission in a research report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Allison Transmission has a consensus rating of “Hold” and an average target price of $79.57.

Allison Transmission Stock Performance

The company has a current ratio of 2.78, a quick ratio of 1.95 and a debt-to-equity ratio of 1.62. The firm has a market cap of $7.60 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 1.58 and a beta of 0.99. The stock has a fifty day moving average price of $77.70 and a 200 day moving average price of $74.54.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.09. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The company had revenue of $816.00 million for the quarter, compared to analyst estimates of $799.44 million. During the same quarter last year, the firm earned $1.92 EPS. Allison Transmission’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, analysts predict that Allison Transmission Holdings, Inc. will post 7.89 earnings per share for the current year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.00 annualized dividend and a yield of 1.15%. Allison Transmission’s payout ratio is 13.35%.

Insider Activity

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

Hedge Funds Weigh In On Allison Transmission

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James & Associates lifted its stake in shares of Allison Transmission by 1.1% in the 4th quarter. Raymond James & Associates now owns 148,354 shares of the auto parts company’s stock valued at $8,627,000 after acquiring an additional 1,638 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Allison Transmission by 30.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 6,942 shares of the auto parts company’s stock worth $404,000 after acquiring an additional 1,626 shares during the period. Oak Thistle LLC acquired a new stake in shares of Allison Transmission in the 4th quarter valued at about $549,000. DekaBank Deutsche Girozentrale grew its stake in shares of Allison Transmission by 88.1% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 98,977 shares of the auto parts company’s stock valued at $5,740,000 after buying an additional 46,352 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Allison Transmission by 43.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,638 shares of the auto parts company’s stock valued at $2,712,000 after buying an additional 14,168 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

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.