Media headlines about Allison Transmission (NYSE:ALSN) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Allison Transmission earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the auto parts company an impact score of 44.3473992973198 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Honda (HMC) Set to Develop All Solid-State EV Batteries – Nasdaq (nasdaq.com)
- Active Stocks on Trader’s Radar: Allison Transmission Holdings, Inc. (ALSN) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- James A. Star Sells 293,102 Shares of Allison Transmission Holdings Inc (ALSN) Stock (americanbankingnews.com)
- Insider Selling: Allison Transmission Holdings Inc (ALSN) Director Sells 145,000 Shares of Stock (americanbankingnews.com)
- Dynegy Inc. (DYN) and Allison Transmission Holdings, Inc. (ALSN) Considerable Mover – Investing News Update (investingbizz.com)
Shares of Allison Transmission (NYSE ALSN) traded up $0.18 on Tuesday, hitting $43.33. 462,344 shares of the stock traded hands, compared to its average volume of 1,525,811. The firm has a market cap of $6,116.98, a PE ratio of 19.17, a P/E/G ratio of 1.73 and a beta of 1.22. The company has a debt-to-equity ratio of 4.57, a current ratio of 1.50 and a quick ratio of 1.15. Allison Transmission has a 12 month low of $32.80 and a 12 month high of $45.69.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Monday, November 20th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.60 annualized dividend and a dividend yield of 1.38%. Allison Transmission’s dividend payout ratio is currently 26.55%.
Allison Transmission declared that its Board of Directors has initiated a stock buyback program on Wednesday, November 8th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the auto parts company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
ALSN has been the topic of a number of recent analyst reports. Piper Jaffray Companies restated an “underweight” rating and set a $25.00 price target (down from $31.00) on shares of Allison Transmission in a research report on Wednesday, August 30th. Deutsche Bank downgraded shares of Allison Transmission from a “hold” rating to a “sell” rating and dropped their price target for the stock from $43.00 to $33.00 in a research report on Tuesday, September 5th. ValuEngine upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Longbow Research downgraded shares of Allison Transmission from a “buy” rating to a “neutral” rating in a research report on Thursday, October 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Allison Transmission from $39.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $44.18.
In other news, VP Eric C. Scroggins sold 7,500 shares of Allison Transmission stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $39.51, for a total value of $296,325.00. Following the transaction, the vice president now directly owns 23,480 shares of the company’s stock, valued at $927,694.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David S. Graziosi sold 39,264 shares of Allison Transmission stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $37.23, for a total transaction of $1,461,798.72. Following the completion of the transaction, the chief financial officer now directly owns 233,387 shares in the company, valued at $8,688,998.01. The disclosure for this sale can be found here. Insiders sold a total of 569,466 shares of company stock worth $24,219,750 in the last ninety days. Corporate insiders own 7.90% of the company’s stock.
Allison Transmission Company Profile
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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