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

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have been assigned an average rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $71.71.

Several equities analysts recently issued reports on the company. Morgan Stanley assumed coverage on Allison Transmission in a research note on Monday, January 8th. They set an “equal weight” rating and a $62.00 price objective on the stock. Oppenheimer boosted their price target on shares of Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. JPMorgan Chase & Co. boosted their target price on shares of Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. StockNews.com cut Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. Finally, The Goldman Sachs Group raised their target price on Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research report on Tuesday, April 16th.

Allison Transmission Stock Performance

Shares of ALSN opened at $74.86 on Tuesday. The company has a market capitalization of $6.55 billion, a PE ratio of 9.99, a P/E/G ratio of 1.40 and a beta of 1.04. Allison Transmission has a 52-week low of $47.19 and a 52-week high of $83.42. The company has a 50-day simple moving average of $78.07 and a 200-day simple moving average of $65.04. 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 (NYSE:ALSN) last issued its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. The business had revenue of $789.00 million during the quarter, compared to the consensus estimate of $772.37 million. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. During the same period in the previous year, the firm posted $1.85 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts predict that Allison Transmission will post 7.56 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were issued a $0.25 dividend. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, March 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.34%. Allison Transmission’s dividend payout ratio (DPR) is presently 13.35%.

Insider Transactions at Allison Transmission

In other Allison Transmission news, VP Dana Jh Pittard sold 2,686 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $72.84, for a total transaction of $195,648.24. Following the transaction, the vice president now owns 5,143 shares in the company, valued at approximately $374,616.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, VP Ryan A. Milburn sold 2,598 shares of Allison Transmission stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $75.40, for a total value of $195,889.20. Following the transaction, the vice president now directly owns 14,456 shares of the company’s stock, valued at $1,089,982.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Dana Jh Pittard sold 2,686 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $72.84, for a total value of $195,648.24. Following the sale, the vice president now owns 5,143 shares of the company’s stock, valued at $374,616.12. The disclosure for this sale can be found here. Insiders have sold 87,843 shares of company stock worth $6,244,562 in the last ninety days. Insiders own 0.93% of the company’s stock.

Institutional Trading of Allison Transmission

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legacy Financial Advisors Inc. raised its stake in shares of Allison Transmission by 2.7% during the 4th quarter. Legacy Financial Advisors Inc. now owns 6,813 shares of the auto parts company’s stock valued at $396,000 after purchasing an additional 180 shares during the period. Quent Capital LLC boosted its stake in Allison Transmission by 42.3% during the fourth quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock valued at $41,000 after buying an additional 210 shares during the period. Victory Capital Management Inc. grew its position in Allison Transmission by 0.6% during the third quarter. Victory Capital Management Inc. now owns 36,447 shares of the auto parts company’s stock worth $2,153,000 after buying an additional 211 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Allison Transmission by 20.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company’s stock worth $71,000 after acquiring an additional 212 shares during the last quarter. Finally, M&T Bank Corp boosted its position in shares of Allison Transmission by 4.6% during the 3rd quarter. M&T Bank Corp now owns 5,774 shares of the auto parts company’s stock valued at $341,000 after acquiring an additional 256 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

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.