Allison Transmission Holdings Inc (NYSE:ALSN) – Piper Jaffray Companies dropped their Q4 2018 earnings estimates for Allison Transmission in a report released on Tuesday, October 30th. Piper Jaffray Companies analyst A. Potter now expects that the auto parts company will earn $0.94 per share for the quarter, down from their previous estimate of $0.99. Piper Jaffray Companies currently has a “Sell” rating and a $26.00 target price on the stock.
A number of other brokerages have also issued reports on ALSN. Credit Suisse Group upped their price target on shares of Allison Transmission from $48.00 to $55.00 and gave the company an “outperform” rating in a research note on Wednesday, August 1st. Stifel Nicolaus upped their price target on shares of Allison Transmission from $53.00 to $56.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Citigroup cut their price target on shares of Allison Transmission from $55.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday. ValuEngine upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating in a research note on Tuesday, July 31st. Finally, Buckingham Research set a $50.00 price target on shares of Allison Transmission and gave the company a “hold” rating in a research note on Thursday, October 11th. Two investment 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. Allison Transmission currently has a consensus rating of “Hold” and an average price target of $47.82.
Shares of Allison Transmission stock opened at $44.64 on Thursday. The company has a current ratio of 1.71, a quick ratio of 1.05 and a debt-to-equity ratio of 3.69. Allison Transmission has a 12-month low of $37.41 and a 12-month high of $53.76. The company has a market cap of $5.71 billion, a price-to-earnings ratio of 9.91, a P/E/G ratio of 0.97 and a beta of 1.43.
Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Monday, October 29th. The auto parts company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.10 by $0.17. Allison Transmission had a net margin of 26.64% and a return on equity of 90.71%. The firm had revenue of $692.00 million during the quarter, compared to analyst estimates of $656.52 million. During the same quarter in the previous year, the business posted $0.75 EPS. Allison Transmission’s revenue was up 16.3% on a year-over-year basis.
Hedge funds have recently added to or reduced their stakes in the company. Townsend & Associates Inc purchased a new stake in shares of Allison Transmission in the 2nd quarter valued at $111,000. Sun Life Financial INC purchased a new stake in shares of Allison Transmission in the 2nd quarter valued at $115,000. Moneta Group Investment Advisors LLC boosted its holdings in Allison Transmission by 96.4% during the second quarter. Moneta Group Investment Advisors LLC now owns 4,095 shares of the auto parts company’s stock worth $166,000 after buying an additional 2,010 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in Allison Transmission during the third quarter worth $252,000. Finally, Sigma Planning Corp purchased a new stake in Allison Transmission during the second quarter worth $232,000.
In other news, Director Lawrence E. Dewey sold 262,795 shares of the company’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $51.61, for a total value of $13,562,849.95. Following the sale, the director now directly owns 479,870 shares of the company’s stock, valued at approximately $24,766,090.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Eric C. Scroggins sold 4,940 shares of the company’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $49.00, for a total transaction of $242,060.00. Following the completion of the sale, the vice president now directly owns 23,893 shares in the company, valued at $1,170,757. The disclosure for this sale can be found here. Insiders sold a total of 388,664 shares of company stock worth $20,046,606 over the last ninety days. Insiders own 8.40% of the company’s stock.
The firm also recently disclosed 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 1.34%. The ex-dividend date is Friday, November 16th. Allison Transmission’s dividend payout ratio (DPR) is currently 22.56%.
Allison Transmission Company Profile
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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