Allison Transmission Holdings, Inc. (NYSE:ALSN) Given Average Rating of “Hold” by Analysts

Allison Transmission Holdings, Inc. (NYSE:ALSN) has been assigned a consensus recommendation of “Hold” from the eight analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $102.63.

Several analysts have recently commented on the stock. Oppenheimer increased their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Morgan Stanley boosted their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Bank of America increased their price target on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. Finally, Citigroup lifted their price objective on shares of Allison Transmission from $125.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, December 9th.

Insider Transactions at Allison Transmission

In other news, VP Thomas Eifert sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $95.00, for a total value of $190,000.00. Following the completion of the transaction, the vice president now directly owns 9,601 shares in the company, valued at approximately $912,095. This represents a 17.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David S. Graziosi sold 11,590 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $119.44, for a total value of $1,384,309.60. Following the transaction, the chief executive officer now directly owns 168,833 shares in the company, valued at approximately $20,165,413.52. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,380 shares of company stock valued at $2,830,837 in the last quarter. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

Several institutional investors and hedge funds have recently made changes to their positions in ALSN. Blue Trust Inc. boosted its stake in shares of Allison Transmission by 25.3% during the second quarter. Blue Trust Inc. now owns 1,873 shares of the auto parts company’s stock valued at $152,000 after purchasing an additional 378 shares during the period. Raymond James & Associates grew its holdings in Allison Transmission by 9.9% in the 2nd quarter. Raymond James & Associates now owns 187,422 shares of the auto parts company’s stock worth $14,225,000 after acquiring an additional 16,893 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Allison Transmission by 36,851.4% during the second quarter. Nisa Investment Advisors LLC now owns 25,866 shares of the auto parts company’s stock valued at $1,963,000 after acquiring an additional 25,796 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Allison Transmission by 139.8% during the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after purchasing an additional 506 shares during the period. Finally, Raymond James Trust N.A. grew its stake in shares of Allison Transmission by 4.1% in the second quarter. Raymond James Trust N.A. now owns 5,072 shares of the auto parts company’s stock worth $385,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

ALSN stock opened at $112.21 on Wednesday. Allison Transmission has a 1 year low of $55.19 and a 1 year high of $122.53. The stock has a market capitalization of $9.72 billion, a PE ratio of 13.67, a price-to-earnings-growth ratio of 2.03 and a beta of 0.98. The company’s 50-day moving average is $110.57 and its 200-day moving average is $93.23. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.01 by $0.26. The company had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.76 earnings per share. Equities research analysts expect that Allison Transmission will post 8.21 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.89%. Allison Transmission’s dividend payout ratio is presently 12.18%.

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.