Allison Transmission Holdings, Inc. (ALSN) Given Consensus Recommendation of “Hold” by Brokerages
Allison Transmission Holdings, Inc. (NYSE:ALSN) has been given an average recommendation of “Hold” by the sixteen research firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $39.20.
Several research analysts have weighed in on the stock. BidaskClub lowered shares of Allison Transmission Holdings from a “hold” rating to a “sell” rating in a research note on Friday. Buckingham Research assumed coverage on shares of Allison Transmission Holdings in a research note on Tuesday. They set a “neutral” rating and a $36.00 target price for the company. Deutsche Bank AG lowered shares of Allison Transmission Holdings from a “hold” rating to a “sell” rating and lowered their target price for the stock from $43.00 to $33.00 in a research note on Tuesday. ValuEngine raised shares of Allison Transmission Holdings from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Piper Jaffray Companies reaffirmed an “underweight” rating and set a $25.00 target price (down previously from $31.00) on shares of Allison Transmission Holdings in a research note on Wednesday, August 30th.
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Allison Transmission Holdings (NYSE:ALSN) traded up 0.87% during trading on Friday, hitting $33.49. 2,148,642 shares of the company’s stock traded hands. The company’s 50 day moving average is $36.19 and its 200-day moving average is $36.85. The stock has a market cap of $4.98 billion, a P/E ratio of 19.02 and a beta of 1.22. Allison Transmission Holdings has a 12 month low of $26.74 and a 12 month high of $40.25.
Allison Transmission Holdings (NYSE:ALSN) last announced its earnings results on Monday, July 31st. The auto parts company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.16. The company had revenue of $580 million during the quarter, compared to analyst estimates of $515.03 million. Allison Transmission Holdings had a net margin of 14.32% and a return on equity of 31.27%. Allison Transmission Holdings’s revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 earnings per share. On average, analysts predict that Allison Transmission Holdings will post $2.11 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Monday, August 21st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Thursday, August 17th. Allison Transmission Holdings’s payout ratio is 33.71%.
In related news, CFO David S. Graziosi sold 10,736 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $39.91, for a total value of $428,473.76. Following the sale, the chief financial officer now owns 204,859 shares of the company’s stock, valued at $8,175,922.69. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Randall R. Kirk sold 7,284 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $37.78, for a total transaction of $275,189.52. Following the completion of the sale, the senior vice president now directly owns 78,347 shares in the company, valued at approximately $2,959,949.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,561 shares of company stock worth $962,093. 7.90% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. USA Financial Portformulas Corp raised its holdings in Allison Transmission Holdings by 1.7% in the second quarter. USA Financial Portformulas Corp now owns 20,373 shares of the auto parts company’s stock valued at $764,000 after acquiring an additional 345 shares in the last quarter. EagleClaw Capital Managment LLC raised its holdings in Allison Transmission Holdings by 5.1% in the second quarter. EagleClaw Capital Managment LLC now owns 10,400 shares of the auto parts company’s stock valued at $390,000 after acquiring an additional 500 shares in the last quarter. C M Bidwell & Associates Ltd. raised its holdings in Allison Transmission Holdings by 0.5% in the second quarter. C M Bidwell & Associates Ltd. now owns 111,390 shares of the auto parts company’s stock valued at $4,178,000 after acquiring an additional 565 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Allison Transmission Holdings by 12.8% in the second quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock valued at $201,000 after acquiring an additional 607 shares in the last quarter. Finally, ETRADE Capital Management LLC raised its holdings in Allison Transmission Holdings by 4.9% in the second quarter. ETRADE Capital Management LLC now owns 30,296 shares of the auto parts company’s stock valued at $1,136,000 after acquiring an additional 1,410 shares in the last quarter.
Allison Transmission Holdings 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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