JPMorgan Chase & Co. Cuts Allison Transmission (NYSE:ALSN) Price Target to $87.00

Allison Transmission (NYSE:ALSN) had its target price trimmed by JPMorgan Chase & Co. from $90.00 to $87.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the auto parts company’s stock.

Several other equities research analysts have also issued reports on the stock. Raymond James Financial dropped their price objective 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. Weiss Ratings lowered shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Finally, Zacks Research upgraded shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $93.00.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $82.69 on Thursday. Allison Transmission has a one year low of $76.01 and a one year high of $122.53. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.64 and a current ratio of 3.36. The company has a 50 day moving average price of $85.54 and a 200 day moving average price of $91.39. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 10.13 and a beta of 1.01.

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

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Wednesday, August 20th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Wednesday, August 20th. Allison Transmission’s dividend payout ratio is 13.24%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its stake in Allison Transmission by 18.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock valued at $181,741,000 after acquiring an additional 304,974 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Allison Transmission by 0.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,867,799 shares of the auto parts company’s stock valued at $178,686,000 after acquiring an additional 10,208 shares during the last quarter. State Street Corp boosted its stake in Allison Transmission by 1.1% during the 2nd quarter. State Street Corp now owns 1,652,290 shares of the auto parts company’s stock valued at $156,951,000 after acquiring an additional 17,783 shares during the last quarter. Federated Hermes Inc. boosted its stake in Allison Transmission by 35.7% during the 2nd quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company’s stock valued at $146,740,000 after acquiring an additional 406,540 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Allison Transmission by 6.8% during the 1st quarter. Invesco Ltd. now owns 1,262,619 shares of the auto parts company’s stock valued at $120,795,000 after acquiring an additional 80,653 shares during the last quarter. 96.90% of the stock is currently owned by 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.