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

Allison Transmission Holdings, Inc. (NYSE:ALSN) has received an average recommendation of “Hold” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $102.63.

Several equities research analysts have recently weighed in on ALSN shares. Morgan Stanley upped their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. increased their target price on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. The Goldman Sachs Group boosted their price target on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 12th. Robert W. Baird raised their price objective on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Finally, Bank of America boosted their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th.

Allison Transmission Stock Up 1.9 %

Shares of NYSE ALSN opened at $109.30 on Wednesday. The stock has a 50 day moving average price of $111.37 and a 200 day moving average price of $94.19. The firm has a market capitalization of $9.47 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 2.03 and a beta of 0.98. Allison Transmission has a 52-week low of $55.19 and a 52-week high of $122.53. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The business had revenue of $824.00 million for the quarter, compared to the consensus estimate of $790.08 million. During the same quarter in the prior year, the company earned $1.76 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. Sell-side analysts expect that Allison Transmission will post 8.21 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Monday, November 18th. Allison Transmission’s dividend payout ratio (DPR) is presently 12.18%.

Insiders Place Their Bets

In other news, CEO David S. Graziosi sold 11,590 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $119.44, for a total transaction of $1,384,309.60. Following the sale, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at $20,165,413.52. The trade was a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $117.73, for a total value of $235,460.00. Following the completion of the transaction, the senior vice president now owns 8,420 shares of the company’s stock, valued at $991,286.60. This trade represents a 19.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,380 shares of company stock valued at $2,830,837. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Allison Transmission

Large investors have recently bought and sold shares of the company. FMR LLC lifted its stake in Allison Transmission by 24.3% during the 3rd quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock valued at $1,224,479,000 after acquiring an additional 2,493,310 shares during the period. Jennison Associates LLC purchased a new position in shares of Allison Transmission during the third quarter worth $52,156,000. Loomis Sayles & Co. L P raised its holdings in shares of Allison Transmission by 252.5% during the third quarter. Loomis Sayles & Co. L P now owns 593,044 shares of the auto parts company’s stock worth $56,974,000 after purchasing an additional 424,813 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Allison Transmission by 34.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock valued at $87,896,000 after purchasing an additional 233,214 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in Allison Transmission by 257.8% in the second quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company’s stock valued at $24,245,000 after purchasing an additional 230,152 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

About Allison Transmission

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.