Analysts Set Allison Transmission Holdings, Inc. (NYSE:ALSN) Target Price at $55.25

Allison Transmission Holdings, Inc. (NYSE:ALSN) has earned an average recommendation of “Reduce” from the five analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $55.25.

A number of research analysts recently issued reports on the company. StockNews.com cut Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 26th. JPMorgan Chase & Co. upgraded Allison Transmission from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $63.00 to $70.00 in a research report on Monday, October 16th. Credit Suisse Group lifted their price objective on Allison Transmission from $49.00 to $57.00 in a research report on Monday, July 31st. The Goldman Sachs Group lifted their price objective on Allison Transmission from $42.00 to $48.00 and gave the stock a “sell” rating in a research report on Monday, July 31st. Finally, Oppenheimer lifted their price objective on Allison Transmission from $53.00 to $67.00 in a research report on Friday, July 28th.

Insider Transactions at Allison Transmission

In other news, CFO G Frederick Bohley sold 4,950 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $60.32, for a total transaction of $298,584.00. Following the completion of the transaction, the chief financial officer now directly owns 67,368 shares in the company, valued at approximately $4,063,637.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO G Frederick Bohley sold 4,950 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $60.32, for a total value of $298,584.00. Following the completion of the transaction, the chief financial officer now directly owns 67,368 shares in the company, valued at approximately $4,063,637.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Coll sold 2,000 shares of the stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $60.19, for a total value of $120,380.00. Following the sale, the senior vice president now directly owns 16,788 shares of the company’s stock, valued at $1,010,469.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,322 shares of company stock worth $855,018. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Allison Transmission

A number of large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its stake in Allison Transmission by 6.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 90,217 shares of the auto parts company’s stock worth $5,328,000 after purchasing an additional 5,351 shares in the last quarter. Morgan Stanley increased its stake in Allison Transmission by 6.2% during the 3rd quarter. Morgan Stanley now owns 847,597 shares of the auto parts company’s stock worth $50,059,000 after purchasing an additional 49,615 shares in the last quarter. Penserra Capital Management LLC boosted its position in Allison Transmission by 734.4% during the 3rd quarter. Penserra Capital Management LLC now owns 15,362 shares of the auto parts company’s stock worth $906,000 after acquiring an additional 13,521 shares during the last quarter. Toroso Investments LLC boosted its position in Allison Transmission by 69.6% during the 3rd quarter. Toroso Investments LLC now owns 16,062 shares of the auto parts company’s stock worth $949,000 after acquiring an additional 6,589 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in Allison Transmission during the 3rd quarter worth approximately $1,291,000. 96.57% of the stock is owned by institutional investors.

Allison Transmission Stock Performance

Allison Transmission stock opened at $54.10 on Tuesday. The stock has a 50-day simple moving average of $56.66 and a 200 day simple moving average of $55.78. The company has a quick ratio of 1.86, a current ratio of 2.41 and a debt-to-equity ratio of 2.11. Allison Transmission has a 12-month low of $41.08 and a 12-month high of $61.53. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 7.67, a P/E/G ratio of 1.10 and a beta of 0.97.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Wednesday, October 25th. The auto parts company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.04. Allison Transmission had a return on equity of 62.80% and a net margin of 21.63%. The business had revenue of $736.00 million during the quarter, compared to analysts’ expectations of $764.08 million. On average, research analysts anticipate that Allison Transmission will post 7.01 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 13th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, November 10th. This represents a $0.92 annualized dividend and a dividend yield of 1.70%. Allison Transmission’s payout ratio is currently 13.05%.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical U.S. defense vehicles worldwide. The company offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.