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

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have been assigned an average rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $75.25.

A number of equities analysts recently issued reports on the stock. Citigroup assumed coverage on shares of Allison Transmission in a research report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 target price for the company. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 7th. Oppenheimer raised their price objective on shares of Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. The Goldman Sachs Group raised their price objective on shares of Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research report on Tuesday, April 16th. Finally, Raymond James started coverage on shares of Allison Transmission in a research report on Friday, June 28th. They set an “outperform” rating and a $85.00 price objective for the company.

Allison Transmission Stock Up 0.1 %

ALSN stock opened at $75.00 on Wednesday. The company has a quick ratio of 1.95, a current ratio of 2.51 and a debt-to-equity ratio of 1.79. Allison Transmission has a fifty-two week low of $50.13 and a fifty-two week high of $83.42. The firm’s 50-day simple moving average is $75.08 and its 200 day simple moving average is $71.07. The stock has a market cap of $6.56 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 1.41 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. The business had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $772.37 million. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.85 EPS. As a group, sell-side analysts predict that Allison Transmission will post 7.56 EPS for the current year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Friday, May 17th. Allison Transmission’s dividend payout ratio is presently 13.35%.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $74.48, for a total transaction of $940,235.52. Following the completion of the sale, the vice president now directly owns 4,624 shares of the company’s stock, valued at $344,395.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Allison Transmission news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $75.06, for a total value of $150,120.00. Following the transaction, the senior vice president now directly owns 14,420 shares of the company’s stock, valued at approximately $1,082,365.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Rafael Basso sold 12,624 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $74.48, for a total value of $940,235.52. Following the completion of the sale, the vice president now directly owns 4,624 shares of the company’s stock, valued at approximately $344,395.52. The disclosure for this sale can be found here. Insiders own 0.93% of the company’s stock.

Institutional Trading of Allison Transmission

A number of institutional investors have recently added to or reduced their stakes in the business. Legacy Financial Advisors Inc. raised its stake in shares of Allison Transmission by 2.7% in the 4th quarter. Legacy Financial Advisors Inc. now owns 6,813 shares of the auto parts company’s stock valued at $396,000 after acquiring an additional 180 shares in the last quarter. Quent Capital LLC raised its position in shares of Allison Transmission by 42.3% in the fourth quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock valued at $41,000 after purchasing an additional 210 shares during the period. Parkside Financial Bank & Trust lifted its stake in shares of Allison Transmission by 20.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company’s stock worth $71,000 after buying an additional 212 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Allison Transmission by 4.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 5,512 shares of the auto parts company’s stock worth $447,000 after buying an additional 255 shares during the period. Finally, Hohimer Wealth Management LLC boosted its holdings in shares of Allison Transmission by 1.5% during the 4th quarter. Hohimer Wealth Management LLC now owns 20,535 shares of the auto parts company’s stock worth $1,194,000 after buying an additional 311 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.