Allison Transmission Holdings, Inc. (NYSE:ALSN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have been assigned a consensus rating of “Hold” from the ten research firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $95.1250.

ALSN has been the topic of a number of research reports. Weiss Ratings lowered shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Zacks Research upgraded shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. Wells Fargo & Company started coverage on shares of Allison Transmission in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $85.00 target price for the company. Citigroup increased their target price on Allison Transmission from $100.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Finally, Raymond James Financial boosted their price target on Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a report on Monday, December 22nd.

Allison Transmission Stock Up 0.2%

Shares of Allison Transmission stock opened at $100.97 on Friday. The company has a market capitalization of $8.40 billion, a P/E ratio of 12.37 and a beta of 0.99. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.82 and a quick ratio of 3.06. The business has a 50-day moving average of $88.50 and a two-hundred day moving average of $88.91. Allison Transmission has a 1 year low of $76.01 and a 1 year high of $121.81.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.32). Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. The business had revenue of $693.00 million for the quarter, compared to the consensus estimate of $779.97 million. During the same quarter last year, the firm earned $2.27 EPS. The company’s revenue for the quarter was down 15.9% on a year-over-year basis. As a group, equities analysts predict that Allison Transmission will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were paid a $0.27 dividend. The ex-dividend date was Friday, November 21st. This represents a $1.08 annualized dividend and a yield of 1.1%. Allison Transmission’s payout ratio is presently 13.24%.

Hedge Funds Weigh In On Allison Transmission

Several hedge funds have recently made changes to their positions in ALSN. Tudor Investment Corp ET AL lifted its position in shares of Allison Transmission by 73.9% in the third quarter. Tudor Investment Corp ET AL now owns 314,434 shares of the auto parts company’s stock worth $26,689,000 after purchasing an additional 133,620 shares in the last quarter. Swiss Life Asset Management Ltd increased its stake in Allison Transmission by 77.4% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 3,921 shares of the auto parts company’s stock valued at $333,000 after buying an additional 1,711 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in Allison Transmission by 34.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 12,365 shares of the auto parts company’s stock valued at $1,050,000 after buying an additional 3,155 shares during the last quarter. CIBC Bancorp USA Inc. bought a new stake in Allison Transmission during the 3rd quarter worth about $2,235,000. Finally, Tweedy Browne Co LLC acquired a new position in shares of Allison Transmission during the 3rd quarter worth about $745,000. 96.90% of the stock is owned by institutional investors.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.