Allison Transmission Holdings Inc (NYSE:ALSN) – Analysts at Oppenheimer increased their FY2018 EPS estimates for shares of Allison Transmission in a report issued on Monday, October 29th, Zacks Investment Research reports. Oppenheimer analyst I. Zaffino now anticipates that the auto parts company will post earnings of $4.54 per share for the year, up from their previous estimate of $4.29. Oppenheimer has a “Buy” rating and a $50.00 price objective on the stock. Oppenheimer also issued estimates for Allison Transmission’s Q4 2018 earnings at $0.90 EPS and FY2019 earnings at $4.95 EPS.
Several other equities analysts have also issued reports on ALSN. ValuEngine upgraded Allison Transmission from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. Zacks Investment Research raised shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Wednesday, August 1st. Credit Suisse Group raised their price objective on shares of Allison Transmission from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Wednesday, August 1st. Citigroup decreased their price objective on shares of Allison Transmission from $55.00 to $53.00 and set a “buy” rating for the company in a report on Friday, November 2nd. Finally, Piper Jaffray Companies set a $26.00 price objective on shares of Allison Transmission and gave the stock a “sell” rating in a report on Tuesday, July 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $47.82.
Shares of Allison Transmission stock traded up $1.02 during trading on Wednesday, hitting $47.64. 648,466 shares of the stock traded hands, compared to its average volume of 1,519,144. Allison Transmission has a 52-week low of $37.41 and a 52-week high of $53.76. The company has a current ratio of 1.71, a quick ratio of 1.33 and a debt-to-equity ratio of 3.69. The firm has a market cap of $6.04 billion, a P/E ratio of 17.91, a P/E/G ratio of 1.01 and a beta of 1.43.
Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Monday, October 29th. The auto parts company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.10 by $0.17. The firm had revenue of $692.00 million for the quarter, compared to analyst estimates of $656.52 million. Allison Transmission had a return on equity of 90.71% and a net margin of 26.64%. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Monday, November 19th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, November 16th. Allison Transmission’s dividend payout ratio (DPR) is presently 22.56%.
In other news, VP Eric C. Scroggins sold 4,470 shares of Allison Transmission stock in a transaction dated Monday, September 10th. The shares were sold at an average price of $51.20, for a total value of $228,864.00. Following the completion of the transaction, the vice president now directly owns 23,423 shares of the company’s stock, valued at approximately $1,199,257.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lawrence E. Dewey sold 111,459 shares of Allison Transmission stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $51.77, for a total transaction of $5,770,232.43. Following the completion of the transaction, the director now directly owns 400,133 shares of the company’s stock, valued at $20,714,885.41. The disclosure for this sale can be found here. Insiders sold a total of 378,724 shares of company stock valued at $19,561,946 over the last ninety days. Company insiders own 8.40% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in Allison Transmission by 19.3% in the 2nd quarter. BlackRock Inc. now owns 7,225,286 shares of the auto parts company’s stock valued at $292,550,000 after purchasing an additional 1,169,447 shares during the last quarter. Burgundy Asset Management Ltd. raised its position in shares of Allison Transmission by 3.0% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 5,465,192 shares of the auto parts company’s stock worth $221,286,000 after buying an additional 159,369 shares in the last quarter. Schroder Investment Management Group raised its position in shares of Allison Transmission by 49.8% during the 2nd quarter. Schroder Investment Management Group now owns 3,725,693 shares of the auto parts company’s stock worth $179,746,000 after buying an additional 1,238,955 shares in the last quarter. LSV Asset Management raised its position in shares of Allison Transmission by 27.2% during the 3rd quarter. LSV Asset Management now owns 3,717,106 shares of the auto parts company’s stock worth $193,326,000 after buying an additional 794,475 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Allison Transmission by 117.7% during the 3rd quarter. Wells Fargo & Company MN now owns 2,240,544 shares of the auto parts company’s stock worth $116,530,000 after buying an additional 1,211,258 shares in the last quarter.
About Allison Transmission
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 13 transmission product lines with approximately 100 product models for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
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