Allison Transmission (ALSN) Trading Down 5.5%

Allison Transmission (NYSE:ALSN) shares fell 5.5% on Tuesday . The stock traded as low as $38.53 and last traded at $38.93. 2,623,691 shares were traded during trading, an increase of 84% from the average session volume of 1,427,522 shares. The stock had previously closed at $41.19.

Several research firms recently weighed in on ALSN. Zacks Investment Research downgraded shares of Allison Transmission from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Bank of America downgraded shares of Allison Transmission from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $52.00 to $48.00 in a research report on Thursday, February 8th. William Blair restated a “buy” rating on shares of Allison Transmission in a research report on Tuesday, February 13th. Stifel Nicolaus set a $44.00 price target on shares of Allison Transmission and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, JPMorgan Chase downgraded shares of Allison Transmission from a “neutral” rating to an “underweight” rating and set a $38.00 price target for the company. in a research report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $43.80.

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The company has a market cap of $5,798.76, a PE ratio of 14.64, a PEG ratio of 1.19 and a beta of 1.19. The company has a current ratio of 1.52, a quick ratio of 1.15 and a debt-to-equity ratio of 3.68.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Wednesday, February 14th. The auto parts company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.89. Allison Transmission had a net margin of 22.28% and a return on equity of 60.52%. The company had revenue of $588.00 million during the quarter, compared to analysts’ expectations of $576.57 million. During the same quarter in the prior year, the company earned $0.36 EPS. Allison Transmission’s revenue was up 25.4% compared to the same quarter last year. analysts predict that Allison Transmission will post 3.49 earnings per share for the current year.

In other news, Director James A. Star sold 30,168 shares of the stock in a transaction that occurred on Friday, April 13th. The shares were sold at an average price of $40.17, for a total value of $1,211,848.56. Following the completion of the sale, the director now owns 41,900 shares of the company’s stock, valued at approximately $1,683,123. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James A. Star sold 108,292 shares of the stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $42.28, for a total transaction of $4,578,585.76. Following the completion of the sale, the director now directly owns 41,900 shares of the company’s stock, valued at approximately $1,771,532. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 246,857 shares of company stock valued at $10,262,895. 8.40% of the stock is owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. First Trust Advisors LP grew its stake in shares of Allison Transmission by 2.0% in the 4th quarter. First Trust Advisors LP now owns 76,528 shares of the auto parts company’s stock valued at $3,296,000 after buying an additional 1,474 shares during the period. Aperio Group LLC grew its stake in shares of Allison Transmission by 5.5% in the 4th quarter. Aperio Group LLC now owns 30,413 shares of the auto parts company’s stock valued at $1,310,000 after buying an additional 1,573 shares during the period. Caxton Associates LP grew its stake in shares of Allison Transmission by 14.6% in the 4th quarter. Caxton Associates LP now owns 16,500 shares of the auto parts company’s stock valued at $711,000 after buying an additional 2,100 shares during the period. UBS Asset Management Americas Inc. grew its stake in shares of Allison Transmission by 1.6% in the 4th quarter. UBS Asset Management Americas Inc. now owns 130,054 shares of the auto parts company’s stock valued at $5,601,000 after buying an additional 2,105 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Allison Transmission by 35.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,169 shares of the auto parts company’s stock valued at $352,000 after buying an additional 2,139 shares during the period.

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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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