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

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $79.57.

ALSN has been the topic of a number of analyst reports. Robert W. Baird increased their price target on Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. StockNews.com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 11th. Citigroup began coverage on Allison Transmission in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price target on the stock. The Goldman Sachs Group raised their price objective on Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. Finally, Raymond James began coverage on Allison Transmission in a research note on Friday, June 28th. They set an “outperform” rating and a $85.00 price objective on the stock.

Allison Transmission Stock Performance

ALSN stock opened at $86.35 on Thursday. The business’s fifty day moving average is $80.04 and its 200-day moving average is $76.94. The company has a quick ratio of 1.95, a current ratio of 2.78 and a debt-to-equity ratio of 1.62. The company has a market cap of $7.55 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99. Allison Transmission has a twelve month low of $50.13 and a twelve month high of $89.63.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.09. The company had revenue of $816.00 million for the quarter, compared to the consensus estimate of $799.44 million. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.92 EPS. Equities research analysts forecast that Allison Transmission will post 7.89 EPS for the current year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 19th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Monday, August 19th. Allison Transmission’s payout ratio is presently 13.35%.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the 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 in the company, valued at approximately $1,082,365.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $74.48, for a total transaction of $940,235.52. Following the completion of the transaction, the vice president now owns 4,624 shares in the company, valued at approximately $344,395.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP John Coll sold 2,000 shares of the 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 owns 14,420 shares of the company’s stock, valued at approximately $1,082,365.20. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Allison Transmission

A number of large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in Allison Transmission by 1.1% during the 2nd quarter. Renaissance Technologies LLC now owns 3,522,519 shares of the auto parts company’s stock worth $267,359,000 after purchasing an additional 39,700 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Allison Transmission by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company’s stock valued at $143,716,000 after acquiring an additional 41,168 shares in the last quarter. Norges Bank bought a new position in shares of Allison Transmission in the 4th quarter valued at about $56,334,000. Allianz Asset Management GmbH grew its holdings in shares of Allison Transmission by 7.7% in the 4th quarter. Allianz Asset Management GmbH now owns 941,405 shares of the auto parts company’s stock valued at $54,743,000 after acquiring an additional 67,332 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Allison Transmission by 5.9% in the 2nd quarter. Federated Hermes Inc. now owns 906,370 shares of the auto parts company’s stock valued at $68,793,000 after acquiring an additional 50,625 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

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.