Allison Transmission (NYSE:ALSN) Coverage Initiated by Analysts at Citigroup

Citigroup initiated coverage on shares of Allison Transmission (NYSE:ALSN) in a research note released on Wednesday, Marketbeat Ratings reports. The firm issued a neutral rating and a $80.00 price objective on the auto parts company’s stock.

A number of other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Allison Transmission from $70.00 to $78.00 and gave the company a neutral rating in a research report on Monday, April 15th. Oppenheimer upped their target price on shares of Allison Transmission from $67.00 to $90.00 and gave the company an outperform rating in a research report on Tuesday, March 26th. The Goldman Sachs Group upped their target price on shares of Allison Transmission from $55.00 to $63.00 and gave the company a sell rating in a research report on Tuesday, April 16th. StockNews.com upgraded shares of Allison Transmission from a buy rating to a strong-buy rating in a research report on Friday, June 7th. Finally, Robert W. Baird upped their target price 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, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Allison Transmission presently has an average rating of Hold and a consensus target price of $73.86.

Allison Transmission Stock Down 1.4 %

Shares of NYSE ALSN opened at $74.20 on Wednesday. The firm’s 50-day simple moving average is $75.41 and its 200 day simple moving average is $70.48. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 9.91, a price-to-earnings-growth ratio of 1.40 and a beta of 1.02. 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 12-month low of $50.13 and a 12-month high of $83.42.

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 the consensus estimate of $1.89 by $0.01. The business had revenue of $789.00 million for the quarter, compared to the consensus estimate of $772.37 million. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 EPS. On average, research analysts expect that Allison Transmission will post 7.56 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.35%. Allison Transmission’s dividend payout ratio (DPR) is presently 13.35%.

Insider Activity

In related news, VP Rafael Basso sold 12,624 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total transaction of $940,235.52. Following the completion of the sale, the vice president now directly owns 4,624 shares of the company’s stock, valued at approximately $344,395.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.93% of the stock is currently owned by company insiders.

Institutional Trading of Allison Transmission

Large investors have recently bought and sold shares of the business. NewEdge Wealth LLC increased its stake in Allison Transmission by 9.1% during the 4th quarter. NewEdge Wealth LLC now owns 519,845 shares of the auto parts company’s stock worth $30,229,000 after purchasing an additional 43,243 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Allison Transmission by 43.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,638 shares of the auto parts company’s stock worth $2,712,000 after acquiring an additional 14,168 shares in the last quarter. UBS Group AG grew its stake in shares of Allison Transmission by 35.7% during the 4th quarter. UBS Group AG now owns 135,039 shares of the auto parts company’s stock worth $7,853,000 after acquiring an additional 35,501 shares in the last quarter. Prevatt Capital Ltd bought a new position in shares of Allison Transmission during the 4th quarter worth approximately $14,538,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Allison Transmission during the 4th quarter worth approximately $3,140,000. 96.90% of the stock is owned by institutional investors.

Allison Transmission Company Profile

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.