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

Allison Transmission Holdings, Inc. (NYSE:ALSN) has been assigned a consensus rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $75.63.

ALSN has been the topic of a number of recent research reports. Raymond James initiated coverage on Allison Transmission in a research note on Friday, June 28th. They issued an “outperform” rating and a $85.00 target price on the stock. Robert W. Baird boosted their target price on Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday. The Goldman Sachs Group boosted their target price on Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. boosted their target price on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Finally, Citigroup initiated coverage on Allison Transmission in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 target price on the stock.

Insiders Place Their Bets

In related news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $75.06, for a total transaction of $150,120.00. Following the completion of the transaction, the senior vice president now owns 14,420 shares of the company’s stock, valued at approximately $1,082,365.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $75.06, for a total transaction of $150,120.00. Following the completion of the transaction, the senior vice president now owns 14,420 shares of the company’s stock, valued at approximately $1,082,365.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Rafael Basso sold 12,624 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $74.48, for a total value of $940,235.52. Following the transaction, 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 1.10% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake in Allison Transmission by 1,200.0% during the second quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after acquiring an additional 336 shares during the period. Triad Wealth Partners LLC bought a new position in Allison Transmission during the second quarter valued at about $33,000. SRS Capital Advisors Inc. increased its stake in Allison Transmission by 256.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock valued at $34,000 after acquiring an additional 426 shares during the period. Quent Capital LLC increased 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 acquiring an additional 210 shares during the period. Finally, TFO Wealth Partners LLC increased its stake in Allison Transmission by 8,975.0% during the fourth quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock valued at $42,000 after acquiring an additional 718 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Performance

Shares of NYSE ALSN opened at $87.76 on Friday. The company has a quick ratio of 1.95, a current ratio of 2.51 and a debt-to-equity ratio of 1.79. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 1.55 and a beta of 1.00. The stock’s fifty day simple moving average is $76.69 and its 200 day simple moving average is $73.81. Allison Transmission has a 52-week low of $50.13 and a 52-week high of $88.63.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.09. Allison Transmission had a return on equity of 54.59% and a net margin of 21.95%. The business had revenue of $816.00 million for the quarter, compared to analysts’ expectations of $799.44 million. During the same period in the previous year, the firm posted $1.92 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts forecast that Allison Transmission will post 7.69 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were given a $0.25 dividend. The ex-dividend date was Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.14%. Allison Transmission’s dividend payout ratio is currently 13.35%.

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.