Allison Transmission Holdings Inc (NYSE:ALSN) – Investment analysts at William Blair issued their Q1 2018 EPS estimates for Allison Transmission in a research note issued to investors on Thursday. William Blair analyst L. De. Maria forecasts that the auto parts company will earn $0.72 per share for the quarter. William Blair has a “Buy” rating on the stock. William Blair also issued estimates for Allison Transmission’s Q2 2018 earnings at $0.90 EPS and Q4 2018 earnings at $0.85 EPS.
Several other research firms have also recently issued reports on ALSN. Royal Bank of Canada reaffirmed a “buy” rating on shares of Allison Transmission in a report on Thursday, November 2nd. Citigroup upped their price target on Allison Transmission from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Zacks Investment Research raised Allison Transmission from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Friday, November 3rd. JPMorgan Chase & Co. cut Allison Transmission from a “neutral” rating to an “underweight” rating and set a $38.00 price target on the stock. in a report on Friday. Finally, Stifel Nicolaus raised Allison Transmission from a “hold” rating to a “buy” rating and upped their price target for the company from $44.00 to $50.00 in a report on Friday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $44.00.
Allison Transmission (NYSE:ALSN) last released its earnings results on Wednesday, February 14th. The auto parts company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.89. The firm had revenue of $588.00 million during the quarter, compared to the consensus estimate of $576.57 million. Allison Transmission had a return on equity of 60.52% and a net margin of 22.28%. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend is Friday, February 16th. Allison Transmission’s dividend payout ratio (DPR) is currently 17.60%.
Allison Transmission announced that its Board of Directors has initiated a share buyback program on Wednesday, November 8th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the auto parts company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.
In other news, SVP Michael Dick sold 4,400 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $42.03, for a total transaction of $184,932.00. Following the transaction, the senior vice president now directly owns 39,131 shares in the company, valued at approximately $1,644,675.93. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider David S. Graziosi sold 58,800 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $42.51, for a total transaction of $2,499,588.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,405,629 shares of company stock worth $149,746,270. Company insiders own 7.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of ALSN. Ameriprise Financial Inc. grew its holdings in shares of Allison Transmission by 751.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 56,578 shares of the auto parts company’s stock valued at $2,121,000 after acquiring an additional 49,930 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Allison Transmission by 12.7% during the 2nd quarter. Stifel Financial Corp now owns 27,312 shares of the auto parts company’s stock valued at $1,038,000 after acquiring an additional 3,084 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Allison Transmission by 50.6% during the 2nd quarter. Royal Bank of Canada now owns 22,226 shares of the auto parts company’s stock valued at $834,000 after acquiring an additional 7,466 shares in the last quarter. Macquarie Group Ltd. purchased a new position in shares of Allison Transmission during the 2nd quarter valued at $1,088,000. Finally, Janus Henderson Group PLC purchased a new position in shares of Allison Transmission during the 2nd quarter valued at $375,000.
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About Allison Transmission
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).
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