Allison Transmission (NYSE:ALSN) Releases Quarterly Earnings Results, Beats Estimates By $0.47 EPS

Allison Transmission (NYSE:ALSN) announced its earnings results on Monday. The auto parts company reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.47, Zacks reports. Allison Transmission had a net margin of 20.70% and a return on equity of 37.41%.

Allison Transmission Stock Down 1.5%

NYSE:ALSN traded down $2.01 on Monday, hitting $129.22. 1,173,438 shares of the company’s stock were exchanged, compared to its average volume of 855,465. The firm has a 50-day moving average price of $121.93 and a 200-day moving average price of $105.82. The company has a debt-to-equity ratio of 1.55, a current ratio of 4.85 and a quick ratio of 4.17. Allison Transmission has a 52 week low of $76.01 and a 52 week high of $137.62. The company has a market cap of $10.74 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 0.79 and a beta of 1.01.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Monday, March 9th were given a dividend of $0.29 per share. This is a boost from Allison Transmission’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.16 annualized dividend and a yield of 0.9%. Allison Transmission’s payout ratio is presently 15.83%.

Insider Buying and Selling

In other Allison Transmission news, insider Eric C. Scroggins sold 1,313 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $114.40, for a total transaction of $150,207.20. Following the sale, the insider directly owned 17,654 shares of the company’s stock, valued at $2,019,617.60. The trade was a 6.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Allison Transmission

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vise Technologies Inc. bought a new stake in Allison Transmission during the 4th quarter worth about $394,000. Quadrature Capital Ltd bought a new stake in Allison Transmission during the 4th quarter worth about $282,000. Armistice Capital LLC bought a new stake in Allison Transmission during the 3rd quarter worth about $260,000. DF Dent & Co. Inc. bought a new stake in Allison Transmission during the 3rd quarter worth about $255,000. Finally, Tower Research Capital LLC TRC lifted its position in Allison Transmission by 16.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,628 shares of the auto parts company’s stock worth $250,000 after buying an additional 380 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ALSN. Oppenheimer upped their target price on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th. Zacks Research lowered shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Morgan Stanley upped their target price on shares of Allison Transmission from $109.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Monday, March 16th. Wells Fargo & Company upped their target price on shares of Allison Transmission from $98.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th. Finally, Weiss Ratings lowered shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 25th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Allison Transmission has an average rating of “Hold” and an average price target of $114.13.

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.