Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have been assigned an average recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $71.71.

Several research firms have weighed in on ALSN. The Goldman Sachs Group lifted their price objective on shares of Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. boosted their price target on shares of Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, April 15th. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Friday, June 7th. Robert W. Baird boosted their price target on shares of Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a report on Friday, April 26th. Finally, Oppenheimer boosted their price target on shares of Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $75.32 on Wednesday. The company has a quick ratio of 1.95, a current ratio of 2.51 and a debt-to-equity ratio of 1.79. The business has a 50 day moving average of $75.52 and a two-hundred day moving average of $70.45. Allison Transmission has a 52 week low of $50.13 and a 52 week high of $83.42. The company has a market cap of $6.59 billion, a P/E ratio of 10.06, a PEG ratio of 1.39 and a beta of 1.02.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Thursday, April 25th. The auto parts company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.01. Allison Transmission had a return on equity of 55.83% and a net margin of 21.80%. The business had revenue of $789.00 million during the quarter, compared to the consensus estimate of $772.37 million. During the same period in the previous year, the firm posted $1.85 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. As a group, analysts anticipate that Allison Transmission will post 7.56 EPS for the current year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, May 17th. Allison Transmission’s dividend payout ratio (DPR) is currently 13.35%.

Insider Activity

In other news, VP Rafael Basso sold 12,624 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total value of $940,235.52. Following the transaction, the vice president now owns 4,624 shares of the company’s stock, valued at approximately $344,395.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.93% of the stock is currently owned by company insiders.

Institutional Trading of Allison Transmission

Several hedge funds have recently added to or reduced their stakes in the business. NewEdge Wealth LLC lifted its position in Allison Transmission by 9.1% during the fourth quarter. NewEdge Wealth LLC now owns 519,845 shares of the auto parts company’s stock worth $30,229,000 after acquiring an additional 43,243 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Allison Transmission by 43.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,638 shares of the auto parts company’s stock worth $2,712,000 after purchasing an additional 14,168 shares during the last quarter. UBS Group AG grew its stake in shares of Allison Transmission by 35.7% in the fourth quarter. UBS Group AG now owns 135,039 shares of the auto parts company’s stock worth $7,853,000 after purchasing an additional 35,501 shares during the last quarter. Prevatt Capital Ltd bought a new stake in shares of Allison Transmission in the fourth quarter worth $14,538,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Allison Transmission in the fourth quarter worth $3,140,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

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.