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

Allison Transmission Holdings, Inc. (NYSE:ALSN) has been given a consensus recommendation of “Hold” by the eight brokerages that are currently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $127.1667.

Several brokerages have recently commented on ALSN. Oppenheimer boosted their target price on shares of Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Morgan Stanley boosted their target price on shares of Allison Transmission from $117.00 to $126.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Citigroup boosted their target price on shares of Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Finally, Zacks Research cut shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $119.15 on Friday. The firm has a 50 day moving average of $121.36 and a 200-day moving average of $113.80. The stock has a market capitalization of $9.88 billion, a PE ratio of 18.53, a PEG ratio of 0.64 and a beta of 0.94. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 2.23. Allison Transmission has a 12 month low of $76.01 and a 12 month high of $137.62.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.10 by $0.47. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Allison Transmission had a net margin of 14.88% and a return on equity of 37.50%. The business’s revenue for the quarter was up 83.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.23 EPS. On average, equities research analysts predict that Allison Transmission will post 9.86 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

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

Insider Activity

In related news, CFO Scott A. Mell sold 2,270 shares of Allison Transmission stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $125.00, for a total transaction of $283,750.00. Following the sale, the chief financial officer directly owned 1,053 shares of the company’s stock, valued at approximately $131,625. The trade was a 68.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Allison Transmission

Several hedge funds and other institutional investors have recently made changes to their positions in ALSN. Jane Street Group LLC grew its holdings in shares of Allison Transmission by 341.3% during the 1st quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock valued at $27,617,000 after purchasing an additional 223,253 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Allison Transmission by 5.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock valued at $20,560,000 after purchasing an additional 11,542 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Allison Transmission by 9.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company’s stock valued at $180,000 after purchasing an additional 165 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Allison Transmission by 441.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,018 shares of the auto parts company’s stock valued at $97,000 after purchasing an additional 830 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Allison Transmission during the 2nd quarter valued at approximately $6,111,000. 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.