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

Allison Transmission Holdings, Inc. (NYSE:ALSN) has earned an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $79.57.

Several brokerages have weighed in on ALSN. Raymond James started coverage on Allison Transmission in a research report on Friday, June 28th. They issued an “outperform” rating and a $85.00 price objective for the company. The Goldman Sachs Group increased their target price on Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a research note on Monday, July 29th. StockNews.com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Monday, September 2nd. Citigroup started coverage on Allison Transmission in a report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 target price on the stock. Finally, Robert W. Baird upped their price target on Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th.

Allison Transmission Stock Performance

ALSN stock opened at $97.82 on Friday. The firm has a market cap of $8.56 billion, a PE ratio of 13.06, a P/E/G ratio of 1.64 and a beta of 0.99. The business has a 50 day moving average of $89.51 and a 200-day moving average of $81.88. The company has a quick ratio of 2.19, a current ratio of 2.78 and a debt-to-equity ratio of 1.62. Allison Transmission has a 12-month low of $50.13 and a 12-month high of $100.73.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.09. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The company had revenue of $816.00 million during the quarter, compared to analyst estimates of $799.44 million. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.92 EPS. As a group, sell-side analysts expect that Allison Transmission will post 7.85 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. Allison Transmission’s payout ratio is 13.35%.

Insider Activity

In other news, VP Thomas Eifert sold 1,741 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the sale, the vice president now directly owns 9,601 shares in the company, valued at approximately $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Thomas Eifert sold 1,741 shares of the firm’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the transaction, the vice president now owns 9,601 shares of the company’s stock, valued at $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total transaction of $181,960.00. Following the sale, the senior vice president now owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,741 shares of company stock worth $546,060 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

Large investors have recently modified their holdings of the stock. Quent Capital LLC boosted its holdings in Allison Transmission by 24.0% during the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after buying an additional 172 shares in the last quarter. Miller Howard Investments Inc. NY boosted its stake in shares of Allison Transmission by 2.1% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company’s stock valued at $676,000 after buying an additional 186 shares during the period. Americana Partners LLC raised its holdings in shares of Allison Transmission by 3.9% during the 2nd quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company’s stock valued at $385,000 after purchasing an additional 191 shares in the last quarter. Raymond James Trust N.A. raised its holdings in shares of Allison Transmission by 4.1% during the 2nd quarter. Raymond James Trust N.A. now owns 5,072 shares of the auto parts company’s stock valued at $385,000 after purchasing an additional 200 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its holdings in Allison Transmission by 0.8% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 26,798 shares of the auto parts company’s stock worth $2,034,000 after acquiring an additional 210 shares during the period. 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.