Allison Transmission Holdings, Inc. (NYSE:ALSN) shares shot up 4.2% during mid-day trading on Thursday . The stock traded as high as $39.19 and last traded at $39.10. 16,770 shares traded hands during trading, a decline of 99% from the average session volume of 1,156,742 shares. The stock had previously closed at $37.53.
Several brokerages have recently issued reports on ALSN. Credit Suisse Group decreased their price objective on Allison Transmission from $45.00 to $44.00 and set an “outperform” rating on the stock in a report on Friday, October 29th. JPMorgan Chase & Co. decreased their price target on Allison Transmission from $39.00 to $36.00 and set an “underweight” rating on the stock in a report on Thursday, October 7th. Morgan Stanley lowered Allison Transmission from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $37.00 to $30.00 in a report on Thursday, December 9th. Citigroup increased their price target on Allison Transmission from $39.00 to $47.00 and gave the company a “neutral” rating in a report on Tuesday, October 12th. Finally, TheStreet upgraded Allison Transmission from a “c” rating to a “b-” rating in a report on Tuesday. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $41.10.
The company has a 50-day simple moving average of $36.25 and a 200 day simple moving average of $36.97. The company has a market cap of $4.29 billion, a P/E ratio of 11.74, a P/E/G ratio of 1.14 and a beta of 1.09. The company has a current ratio of 1.81, a quick ratio of 1.32 and a debt-to-equity ratio of 3.54.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 30th. Shareholders of record on Monday, November 22nd were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Friday, November 19th. Allison Transmission’s dividend payout ratio (DPR) is presently 21.71%.
In other news, VP Eric C. Scroggins sold 3,475 shares of the stock in a transaction on Thursday, December 16th. The stock was sold at an average price of $35.00, for a total transaction of $121,625.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas W. Rabaut purchased 5,475 shares of the company’s stock in a transaction dated Friday, November 12th. The shares were purchased at an average cost of $36.59 per share, for a total transaction of $200,330.25. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Denali Advisors LLC grew its position in shares of Allison Transmission by 75.0% during the 2nd quarter. Denali Advisors LLC now owns 700 shares of the auto parts company’s stock worth $28,000 after buying an additional 300 shares in the last quarter. Fieldpoint Private Securities LLC bought a new stake in Allison Transmission during the third quarter valued at about $31,000. Point72 Hong Kong Ltd bought a new stake in Allison Transmission during the third quarter valued at about $38,000. Berman Capital Advisors LLC boosted its position in Allison Transmission by 99.5% during the third quarter. Berman Capital Advisors LLC now owns 1,093 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 545 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in Allison Transmission by 49.7% during the third quarter. Fifth Third Bancorp now owns 1,497 shares of the auto parts company’s stock valued at $53,000 after purchasing an additional 497 shares in the last quarter. 98.89% of the stock is currently owned by institutional investors and hedge funds.
Allison Transmission Company Profile (NYSE:ALSN)
Allison Transmission Holdings, Inc engages in the manufacture and distribution of vehicle propulsion solutions, which includes commercial-duty on-highway, off-highway and defense fully-automatic transmissions and electric-hybrid and fully-electric systems. The company solutions are used in applications, including on-highway trucks, buses, motorhomes, off-highway vehicles and equipment, and defense vehicles.
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