Allison Transmission (NYSE:ALSN) Now Covered by Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of Allison Transmission (NYSE:ALSN) in a report released on Thursday morning, Marketbeat.com reports. The brokerage issued an equal weight rating on the auto parts company’s stock.

Several other research firms also recently commented on ALSN. Raymond James Financial decreased their target price on shares of Allison Transmission from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday, July 21st. Zacks Research upgraded Allison Transmission from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. Weiss Ratings downgraded Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Citigroup dropped their target price on Allison Transmission from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. decreased their price target on Allison Transmission from $90.00 to $87.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. One analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Allison Transmission has a consensus rating of “Reduce” and a consensus price target of $92.00.

Allison Transmission Stock Down 0.8%

Shares of NYSE:ALSN traded down $0.64 during trading on Thursday, reaching $81.67. 827,057 shares of the stock were exchanged, compared to its average volume of 833,622. Allison Transmission has a 1-year low of $76.01 and a 1-year high of $122.53. The stock has a fifty day moving average of $84.19 and a two-hundred day moving average of $90.83. The company has a debt-to-equity ratio of 1.37, a current ratio of 3.36 and a quick ratio of 2.64. The firm has a market cap of $6.80 billion, a price-to-earnings ratio of 10.01 and a beta of 1.02.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.32). Allison Transmission had a net margin of 22.78% and a return on equity of 41.37%. The business had revenue of $693.00 million during the quarter, compared to analyst estimates of $779.97 million. During the same period in the previous year, the business posted $2.27 EPS. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. Allison Transmission has set its FY 2025 guidance at EPS. Research analysts anticipate that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 21st will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $1.08 annualized dividend and a yield of 1.3%. Allison Transmission’s payout ratio is currently 13.24%.

Institutional Trading of Allison Transmission

Large investors have recently bought and sold shares of the company. Rossby Financial LCC lifted its position in shares of Allison Transmission by 107.0% during the 3rd quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock valued at $25,000 after buying an additional 153 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new stake in Allison Transmission during the second quarter valued at about $28,000. SVB Wealth LLC bought a new position in Allison Transmission during the first quarter worth about $33,000. WPG Advisers LLC purchased a new position in shares of Allison Transmission in the first quarter worth about $34,000. Finally, Cullen Frost Bankers Inc. increased its stake in shares of Allison Transmission by 3,108.3% in the second quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 373 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

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.