ValuEngine lowered shares of Allison Transmission (NYSE:ALSN) from a strong-buy rating to a buy rating in a research note issued to investors on Wednesday morning.
Several other analysts have also weighed in on the company. Zacks Investment Research lowered Allison Transmission from a buy rating to a hold rating in a report on Monday, February 19th. Piper Jaffray Companies set a $26.00 price objective on Allison Transmission and gave the company a sell rating in a report on Friday, November 17th. Bank of America lowered Allison Transmission from a buy rating to a neutral rating and lowered their price objective for the company from $52.00 to $48.00 in a report on Thursday, February 8th. Royal Bank of Canada lowered Allison Transmission from an outperform rating to a sector perform rating and boosted their price objective for the company from $46.00 to $50.00 in a report on Friday, February 16th. Finally, William Blair reissued a buy rating on shares of Allison Transmission in a report on Tuesday, February 13th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. Allison Transmission currently has an average rating of Hold and an average price target of $43.82.
Shares of Allison Transmission (NYSE:ALSN) opened at $39.48 on Wednesday. Allison Transmission has a 52-week low of $32.93 and a 52-week high of $45.69. The stock has a market capitalization of $5,413.57, a PE ratio of 11.58, a PEG ratio of 1.12 and a beta of 1.21. The company has a debt-to-equity ratio of 3.68, a quick ratio of 1.15 and a current ratio of 1.52.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.52%. The ex-dividend date was Friday, February 16th. Allison Transmission’s dividend payout ratio (DPR) is presently 17.60%.
In other news, insider David S. Graziosi sold 46,200 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $45.03, for a total transaction of $2,080,386.00. Following the completion of the transaction, the insider now directly owns 240,323 shares of the company’s stock, valued at $10,821,744.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael Dick sold 19,600 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $42.47, for a total value of $832,412.00. Following the transaction, the senior vice president now directly owns 39,131 shares of the company’s stock, valued at $1,661,893.57. The disclosure for this sale can be found here. Insiders have sold 3,405,629 shares of company stock valued at $149,746,270 over the last ninety days. Corporate insiders own 7.90% of the company’s stock.
Large investors have recently bought and sold shares of the company. Group One Trading L.P. bought a new position in shares of Allison Transmission during the third quarter valued at approximately $105,000. American International Group Inc. bought a new position in shares of Allison Transmission during the fourth quarter valued at approximately $127,000. The Manufacturers Life Insurance Company grew its holdings in shares of Allison Transmission by 12.8% during the second quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock valued at $201,000 after purchasing an additional 607 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of Allison Transmission during the third quarter valued at approximately $203,000. Finally, CIBC Asset Management Inc bought a new position in shares of Allison Transmission during the fourth quarter valued at approximately $220,000.
Allison Transmission Company Profile
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).
To view ValuEngine’s full report, visit ValuEngine’s official website.
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