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

Allison Transmission Holdings, Inc. (NYSE:ALSN) has been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $86.86.

A number of brokerages recently commented on ALSN. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. raised their price objective on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Citigroup raised their price objective on Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Robert W. Baird raised their price objective on Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Finally, The Goldman Sachs Group raised their price objective on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research note on Monday, July 29th.

Insider Buying and Selling

In related news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the sale, the senior vice president now directly owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of Allison Transmission stock in a transaction on Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the sale, the vice president now directly owns 9,601 shares of the company’s stock, valued at $960,100. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the sale, the senior vice president now directly owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 5,741 shares of company stock valued at $546,060. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Allison Transmission

A number of institutional investors and hedge funds have recently bought and sold shares of ALSN. Americana Partners LLC increased its holdings in shares of Allison Transmission by 78.3% in the 3rd quarter. Americana Partners LLC now owns 9,037 shares of the auto parts company’s stock valued at $868,000 after acquiring an additional 3,968 shares during the period. US Bancorp DE increased its holdings in shares of Allison Transmission by 14.3% in the 3rd quarter. US Bancorp DE now owns 8,621 shares of the auto parts company’s stock valued at $828,000 after acquiring an additional 1,079 shares during the period. Measured Wealth Private Client Group LLC increased its holdings in shares of Allison Transmission by 5.9% in the 3rd quarter. Measured Wealth Private Client Group LLC now owns 7,361 shares of the auto parts company’s stock valued at $707,000 after acquiring an additional 407 shares during the period. Solidarity Wealth LLC increased its holdings in shares of Allison Transmission by 3.6% in the 3rd quarter. Solidarity Wealth LLC now owns 223,952 shares of the auto parts company’s stock valued at $21,515,000 after acquiring an additional 7,781 shares during the period. Finally, Andina Capital Management LLC increased its holdings in shares of Allison Transmission by 17.7% in the 3rd quarter. Andina Capital Management LLC now owns 8,148 shares of the auto parts company’s stock valued at $783,000 after acquiring an additional 1,223 shares during the period. 96.90% of the stock is owned by institutional investors.

Allison Transmission Price Performance

Shares of Allison Transmission stock opened at $99.85 on Tuesday. The stock has a 50 day moving average of $93.24 and a 200 day moving average of $83.51. Allison Transmission has a 12 month low of $50.13 and a 12 month high of $101.40. The firm has a market cap of $8.73 billion, a PE ratio of 13.33, a PEG ratio of 1.78 and a beta of 0.99. The company has a current ratio of 2.78, a quick ratio of 2.19 and a debt-to-equity ratio of 1.62.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Monday, August 19th. Allison Transmission’s dividend payout ratio is currently 13.35%.

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.