Allison Transmission (NYSE:ALSN) Rating Lowered to "Hold" at Wall Street Zen

Wall Street Zen cut shares of Allison Transmission (NYSE:ALSN - Free Report) from a buy rating to a hold rating in a research report report published on Sunday morning.

Several other analysts have also issued reports on ALSN. Raymond James Financial dropped their target price on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Citigroup dropped their price objective on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Bank of America raised their target price on shares of Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a research note on Monday, June 16th. JPMorgan Chase & Co. dropped their price target on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, Morgan Stanley increased their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Allison Transmission currently has an average rating of "Hold" and an average target price of $99.00.

Allison Transmission Stock Down 0.5%

Shares of ALSN traded down $0.47 during mid-day trading on Friday, hitting $92.96. 669,378 shares of the company's stock were exchanged, compared to its average volume of 663,687. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.05 and a quick ratio of 2.37. Allison Transmission has a 52 week low of $73.65 and a 52 week high of $122.53. The company has a market cap of $7.83 billion, a PE ratio of 10.76 and a beta of 1.00. The company has a 50-day simple moving average of $98.13 and a 200 day simple moving average of $102.55.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.97 by $0.26. Allison Transmission had a net margin of 23.55% and a return on equity of 46.97%. The business had revenue of $766.00 million during the quarter, compared to the consensus estimate of $792.18 million. During the same quarter last year, the firm earned $1.90 earnings per share. The firm's revenue for the quarter was down 2.9% compared to the same quarter last year. On average, research analysts forecast that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.16%. The ex-dividend date was Monday, May 19th. Allison Transmission's dividend payout ratio is 12.50%.

Insiders Place Their Bets

In other news, VP Ryan A. Milburn sold 3,412 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total transaction of $359,078.88. Following the completion of the sale, the vice president now owns 11,924 shares in the company, valued at $1,254,881.76. The trade was a 22.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP John Coll sold 1,788 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total value of $170,450.04. Following the completion of the sale, the senior vice president now owns 15,388 shares of the company's stock, valued at $1,466,938.04. This trade represents a 10.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

Institutional Investors Weigh In On Allison Transmission

Institutional investors have recently modified their holdings of the business. Transce3nd LLC acquired a new stake in Allison Transmission in the 4th quarter worth about $25,000. Kestra Investment Management LLC acquired a new position in shares of Allison Transmission during the 4th quarter worth approximately $30,000. Vermillion Wealth Management Inc. bought a new position in shares of Allison Transmission during the fourth quarter worth approximately $31,000. SVB Wealth LLC acquired a new stake in shares of Allison Transmission in the first quarter valued at approximately $33,000. Finally, WPG Advisers LLC acquired a new stake in shares of Allison Transmission in the first quarter valued at approximately $34,000. 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.