Allison Transmission (NYSE:ALSN) Shares Gap Down to $80.26

Allison Transmission Holdings, Inc. (NYSE:ALSN) shares gapped down prior to trading on Friday . The stock had previously closed at $80.26, but opened at $74.04. Allison Transmission shares last traded at $75.78, with a volume of 317,692 shares trading hands.

Analyst Ratings Changes

ALSN has been the subject of several research reports. Morgan Stanley initiated coverage on Allison Transmission in a research report on Monday, January 8th. They issued an “equal weight” rating and a $62.00 price objective for the company. Oppenheimer increased their price objective on Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 14th. Robert W. Baird increased their price objective on Allison Transmission from $84.00 to $87.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, The Goldman Sachs Group increased their price objective on Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $68.25.

Allison Transmission Stock Performance

The firm has a fifty day moving average of $77.75 and a 200-day moving average of $64.23. The firm has a market cap of $6.53 billion, a P/E ratio of 10.09, a PEG ratio of 1.48 and a beta of 1.03. The company has a quick ratio of 1.94, a current ratio of 2.49 and a debt-to-equity ratio of 2.03.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.02. The business had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $772.37 million. Allison Transmission had a return on equity of 60.35% and a net margin of 22.17%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.85 earnings per share. Research analysts predict that Allison Transmission Holdings, Inc. will post 7.74 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, March 1st. This represents a $1.00 dividend on an annualized basis and a yield of 1.34%. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. Allison Transmission’s dividend payout ratio (DPR) is 13.44%.

Insider Transactions at Allison Transmission

In other news, VP Ryan A. Milburn sold 2,598 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,089,982.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, VP Niekerk Teresa Van sold 6,241 shares of Allison Transmission stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $74.87, for a total value of $467,263.67. Following the sale, the vice president now owns 21,112 shares of the company’s stock, valued at approximately $1,580,655.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Ryan A. Milburn sold 2,598 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $75.40, for a total value of $195,889.20. Following the transaction, the vice president now directly owns 14,456 shares in the company, valued at approximately $1,089,982.40. The disclosure for this sale can be found here. Insiders have sold a total of 87,843 shares of company stock valued at $6,244,562 over the last 90 days. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Legacy Financial Advisors Inc. boosted its stake in shares of Allison Transmission by 2.7% during the 4th quarter. Legacy Financial Advisors Inc. now owns 6,813 shares of the auto parts company’s stock worth $396,000 after acquiring an additional 180 shares during the period. Quent Capital LLC boosted its stake in shares of Allison Transmission by 42.3% during the 4th quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock worth $41,000 after acquiring an additional 210 shares during the period. Victory Capital Management Inc. boosted its stake in Allison Transmission by 0.6% in the 3rd quarter. Victory Capital Management Inc. now owns 36,447 shares of the auto parts company’s stock valued at $2,153,000 after purchasing an additional 211 shares during the period. Parkside Financial Bank & Trust boosted its stake in Allison Transmission by 20.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company’s stock valued at $71,000 after purchasing an additional 212 shares during the period. Finally, M&T Bank Corp boosted its stake in Allison Transmission by 4.6% in the 3rd quarter. M&T Bank Corp now owns 5,774 shares of the auto parts company’s stock valued at $341,000 after purchasing an additional 256 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.