Allison Transmission (NYSE:ALSN) Reaches New 1-Year High at $92.93

Allison Transmission Holdings, Inc. (NYSE:ALSN) shares reached a new 52-week high on Tuesday . The company traded as high as $92.93 and last traded at $92.68, with a volume of 2779 shares changing hands. The stock had previously closed at $91.51.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ALSN shares. Robert W. Baird boosted their price target on shares of Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. The Goldman Sachs Group upped their target price on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a report on Monday, July 29th. Citigroup started coverage on Allison Transmission in a report on Wednesday, June 26th. They set a “neutral” rating and a $80.00 price target on the stock. StockNews.com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 2nd. Finally, Raymond James assumed coverage on Allison Transmission in a research note on Friday, June 28th. They set an “outperform” rating and a $85.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $79.57.

Allison Transmission Price Performance

The company has a current ratio of 2.78, a quick ratio of 2.19 and a debt-to-equity ratio of 1.62. The stock has a market cap of $8.06 billion, a PE ratio of 12.22, a PEG ratio of 1.54 and a beta of 0.99. The business has a 50-day moving average price of $86.93 and a 200 day moving average price of $80.30.

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

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Monday, August 19th. Allison Transmission’s payout ratio is presently 13.35%.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $75.06, for a total value of $150,120.00. Following the sale, the senior vice president now owns 14,420 shares of the company’s stock, valued at approximately $1,082,365.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Allison Transmission during the 4th quarter valued at about $56,334,000. UBS Group AG raised its position in Allison Transmission by 35.7% during the 4th quarter. UBS Group AG now owns 135,039 shares of the auto parts company’s stock valued at $7,853,000 after purchasing an additional 35,501 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Allison Transmission by 7.4% in the 4th quarter. Franklin Resources Inc. now owns 128,379 shares of the auto parts company’s stock worth $7,465,000 after buying an additional 8,814 shares during the period. Commerce Bank bought a new stake in shares of Allison Transmission in the 4th quarter worth approximately $528,000. Finally, Allianz Asset Management GmbH increased its stake in shares of Allison Transmission by 7.7% during the fourth quarter. Allianz Asset Management GmbH now owns 941,405 shares of the auto parts company’s stock valued at $54,743,000 after buying an additional 67,332 shares during the period. Institutional investors own 96.90% of the company’s stock.

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.