Allison Transmission (NYSE:ALSN) Hits New 1-Year High at $97.75

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) hit a new 52-week high on Tuesday . The stock traded as high as $97.75 and last traded at $97.75, with a volume of 490023 shares traded. The stock had previously closed at $96.07.

Wall Street Analyst Weigh In

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

Allison Transmission Stock Up 1.4 %

The company has a 50-day moving average of $88.05 and a 200-day moving average of $81.00. The company has a market capitalization of $8.53 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 1.64 and a beta of 0.99. The company has a current ratio of 2.78, a quick ratio of 2.19 and a debt-to-equity ratio of 1.62.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.09. The company had revenue of $816.00 million for the quarter, compared to analyst estimates of $799.44 million. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.92 EPS. On average, equities analysts predict that Allison Transmission Holdings, Inc. will post 7.85 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Monday, August 19th. Allison Transmission’s dividend payout ratio is presently 13.35%.

Insider Activity

In other news, SVP John Coll sold 2,000 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the transaction, the senior vice president now directly owns 12,420 shares of the company’s stock, valued at $1,129,971.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

A number of hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP purchased a new position in Allison Transmission during the first quarter worth approximately $1,229,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Allison Transmission during the first quarter worth approximately $1,342,000. UBS Group AG boosted its position in Allison Transmission by 35.7% during the fourth quarter. UBS Group AG now owns 135,039 shares of the auto parts company’s stock worth $7,853,000 after purchasing an additional 35,501 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Allison Transmission during the first quarter worth approximately $1,120,000. Finally, State Board of Administration of Florida Retirement System boosted its position in Allison Transmission by 11.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 99,254 shares of the auto parts company’s stock worth $8,055,000 after purchasing an additional 10,196 shares in the last quarter. Hedge funds and other 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.