Allison Transmission (NYSE:ALSN) Issues Earnings Results

Allison Transmission (NYSE:ALSN) announced its quarterly earnings results on Monday. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.25, FiscalAI reports. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion.

Allison Transmission Price Performance

Shares of NYSE:ALSN traded up $1.79 during trading hours on Monday, hitting $116.33. 1,191,609 shares of the company’s stock traded hands, compared to its average volume of 979,742. The company’s fifty day simple moving average is $116.55 and its two-hundred day simple moving average is $117.86. The company has a market cap of $9.65 billion, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 0.63 and a beta of 0.95. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.18 and a current ratio of 1.85. Allison Transmission has a 52 week low of $76.01 and a 52 week high of $137.62.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Monday, May 18th. Allison Transmission’s dividend payout ratio is presently 18.04%.

Wall Street Analyst Weigh In

ALSN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Wells Fargo & Company raised their target price on shares of Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Morgan Stanley boosted their price target on shares of Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Weiss Ratings lowered shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 16th. Finally, Citigroup decreased their price objective on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $131.17.

Insider Activity at Allison Transmission

In related news, CFO Scott A. Mell sold 2,270 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $125.00, for a total transaction of $283,750.00. Following the completion of the sale, the chief financial officer directly owned 1,053 shares of the company’s stock, valued at $131,625. This represents a 68.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Allison Transmission

Institutional investors and hedge funds have recently modified their holdings of the stock. &PARTNERS raised its position in shares of Allison Transmission by 3.2% during the fourth quarter. &PARTNERS now owns 4,726 shares of the auto parts company’s stock worth $463,000 after purchasing an additional 148 shares during the period. EP Wealth Advisors LLC boosted its position in shares of Allison Transmission by 16.5% in the 2nd quarter. EP Wealth Advisors LLC now owns 4,853 shares of the auto parts company’s stock valued at $461,000 after purchasing an additional 686 shares during the period. Prelude Capital Management LLC boosted its position in shares of Allison Transmission by 6.8% in the 3rd quarter. Prelude Capital Management LLC now owns 4,797 shares of the auto parts company’s stock valued at $407,000 after purchasing an additional 307 shares during the period. Vise Technologies Inc. purchased a new position in Allison Transmission in the 4th quarter worth about $394,000. Finally, CI Investments Inc. raised its holdings in Allison Transmission by 58.5% during the 4th quarter. CI Investments Inc. now owns 3,961 shares of the auto parts company’s stock worth $388,000 after buying an additional 1,462 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.