Allison Transmission (NYSE:ALSN) Research Coverage Started at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Allison Transmission (NYSE:ALSN) in a research note published on Thursday morning, Marketbeat reports. The firm issued an equal weight rating on the auto parts company’s stock.

A number of other analysts have also recently issued reports on ALSN. Citigroup lowered their price objective on Allison Transmission from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. JPMorgan Chase & Co. decreased their price target on shares of Allison Transmission from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Raymond James Financial lowered their price target on shares of Allison Transmission from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, July 21st. Zacks Research raised shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. Finally, 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. 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $92.00.

Allison Transmission Stock Down 0.8%

NYSE ALSN opened at $81.67 on Thursday. Allison Transmission has a twelve month low of $76.01 and a twelve month high of $122.53. The stock has a market cap of $6.80 billion, a PE ratio of 10.01 and a beta of 1.02. The firm has a 50-day simple moving average of $84.19 and a 200 day simple moving average of $90.82. The company has a debt-to-equity ratio of 1.37, a quick ratio of 2.64 and a current ratio of 3.36.

Allison Transmission (NYSE:ALSN) last issued 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). The firm had revenue of $693.00 million for the quarter, compared to the consensus estimate of $779.97 million. Allison Transmission had a net margin of 22.78% and a return on equity of 41.37%. The company’s revenue was down 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.27 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. On average, research analysts forecast that Allison Transmission will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

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

Hedge Funds Weigh In On Allison Transmission

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC increased its holdings in shares of Allison Transmission by 14.2% during the first quarter. CWM LLC now owns 12,765 shares of the auto parts company’s stock worth $1,221,000 after buying an additional 1,590 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of Allison Transmission by 171.3% in the 1st quarter. Verdence Capital Advisors LLC now owns 6,127 shares of the auto parts company’s stock worth $586,000 after acquiring an additional 3,869 shares in the last quarter. Jennison Associates LLC grew its position in Allison Transmission by 26.4% during the 1st quarter. Jennison Associates LLC now owns 640,217 shares of the auto parts company’s stock worth $61,250,000 after acquiring an additional 133,635 shares during the last quarter. Impact Partnership Wealth LLC increased its holdings in Allison Transmission by 21.4% during the 1st quarter. Impact Partnership Wealth LLC now owns 2,384 shares of the auto parts company’s stock valued at $228,000 after purchasing an additional 421 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in Allison Transmission by 333.2% during the 1st quarter. IFP Advisors Inc now owns 4,635 shares of the auto parts company’s stock valued at $444,000 after purchasing an additional 3,565 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

About Allison Transmission

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.