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

Allison Transmission Holdings, Inc. (NYSE:ALSN) has received a consensus rating of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $120.2857.

Several research firms recently weighed in on ALSN. Citigroup boosted their target price on Allison Transmission from $130.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Weiss Ratings lowered Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 21st. Wells Fargo & Company boosted their target price on Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Morgan Stanley boosted their target price on Allison Transmission from $117.00 to $126.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Finally, Oppenheimer boosted their target price on Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th.

Allison Transmission Stock Up 3.7%

ALSN opened at $113.89 on Wednesday. The business has a 50 day moving average price of $121.15 and a 200 day moving average price of $109.82. Allison Transmission has a twelve month low of $76.01 and a twelve month high of $137.62. The company has a debt-to-equity ratio of 2.23, a quick ratio of 1.18 and a current ratio of 1.85. The firm has a market cap of $9.45 billion, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 0.59 and a beta of 1.01.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Monday, May 4th. The auto parts company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.47. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same period in the previous year, the company earned $2.23 EPS. The company’s revenue for the quarter was up 83.6% on a year-over-year basis. Research analysts forecast that Allison Transmission will post 9.86 EPS for the current year.

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 18th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, May 18th. Allison Transmission’s payout ratio is 18.04%.

Insider Buying and Selling

In other news, CFO Scott A. Mell sold 2,270 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $125.00, for a total transaction of $283,750.00. Following the completion of the transaction, the chief financial officer directly owned 1,053 shares in the company, valued at $131,625. The trade was a 68.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eric C. Scroggins sold 1,313 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $114.40, for a total value of $150,207.20. Following the transaction, the insider owned 17,654 shares of the company’s stock, valued at approximately $2,019,617.60. This trade represents a 6.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ALSN. Rossby Financial LCC lifted its holdings in shares of Allison Transmission by 107.0% during the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock worth $25,000 after buying an additional 153 shares during the last quarter. Millstone Evans Group LLC acquired a new position in shares of Allison Transmission during the first quarter worth approximately $26,000. Cedar Mountain Advisors LLC acquired a new position in shares of Allison Transmission during the first quarter worth approximately $27,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Allison Transmission during the first quarter worth approximately $28,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Allison Transmission by 536.7% during the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock worth $31,000 after buying an additional 263 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Company Profile

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.