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

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have received a consensus recommendation of “Hold” from the ten analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned 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 $99.25.

Several research analysts have recently weighed in on ALSN shares. Wells Fargo & Company began 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. Raymond James Financial boosted their price objective on shares of Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Monday, December 22nd. Citigroup raised their target price on Allison Transmission from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Weiss Ratings cut Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Finally, JPMorgan Chase & Co. increased their price target on Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th.

Allison Transmission Price Performance

Shares of NYSE ALSN opened at $111.00 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.82 and a quick ratio of 3.06. Allison Transmission has a 1-year low of $76.01 and a 1-year high of $121.81. The company has a market capitalization of $9.24 billion, a price-to-earnings ratio of 13.60 and a beta of 0.98. The business has a 50-day moving average of $96.38 and a 200-day moving average of $89.98.

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

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, November 21st. Allison Transmission’s dividend payout ratio is 13.24%.

Insider Activity

In related news, SVP John Coll sold 1,791 shares of Allison Transmission stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total value of $176,932.89. Following the completion of the sale, the senior vice president owned 10,021 shares in the company, valued at approximately $989,974.59. The trade was a 15.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its holdings in Allison Transmission by 38.7% in the second quarter. Signaturefd LLC now owns 853 shares of the auto parts company’s stock valued at $81,000 after buying an additional 238 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of Allison Transmission by 2,937.4% in the 2nd quarter. Mackenzie Financial Corp now owns 185,345 shares of the auto parts company’s stock worth $17,606,000 after acquiring an additional 179,243 shares in the last quarter. Arcus Capital Partners LLC acquired a new position in shares of Allison Transmission in the 2nd quarter worth approximately $381,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Allison Transmission in the 2nd quarter valued at approximately $1,041,000. Finally, Kingsview Wealth Management LLC raised its position in shares of Allison Transmission by 5.0% during the 2nd quarter. Kingsview Wealth Management LLC now owns 101,460 shares of the auto parts company’s stock valued at $9,638,000 after acquiring an additional 4,814 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

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.