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

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have been assigned an average rating of “Hold” from the eight brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $94.25.

ALSN has been the topic of a number of recent research reports. Oppenheimer upped their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Citigroup increased their target price on Allison Transmission from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Robert W. Baird lifted their price target on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Bank of America increased their price objective on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their target price on Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a report on Friday, November 1st.

Allison Transmission Stock Performance

NYSE:ALSN opened at $118.50 on Friday. The company has a market capitalization of $10.26 billion, a P/E ratio of 14.43, a P/E/G ratio of 2.11 and a beta of 0.98. The business has a fifty day simple moving average of $106.18 and a two-hundred day simple moving average of $89.87. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. Allison Transmission has a 1 year low of $53.12 and a 1 year high of $122.53.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.26. The company had revenue of $824.00 million during the quarter, compared to analyst estimates of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.76 EPS. On average, analysts expect that Allison Transmission will post 8.21 earnings per share for the current year.

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were paid a $0.25 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.84%. Allison Transmission’s dividend payout ratio is presently 12.18%.

Insider Activity at Allison Transmission

In other Allison Transmission news, CEO David S. Graziosi sold 5,326 shares of Allison Transmission stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $120.12, for a total value of $639,759.12. Following the transaction, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at $20,280,219.96. The trade was a 3.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Thomas Eifert sold 2,000 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $95.00, for a total transaction of $190,000.00. Following the sale, the vice president now owns 9,601 shares of the company’s stock, valued at $912,095. This represents a 17.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,067 shares of company stock valued at $1,239,319. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Allison Transmission

Large investors have recently modified their holdings of the stock. Quadrature Capital Ltd bought a new position in Allison Transmission during the 1st quarter valued at approximately $1,664,000. Price T Rowe Associates Inc. MD lifted its holdings in Allison Transmission by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 48,486 shares of the auto parts company’s stock valued at $3,936,000 after acquiring an additional 2,326 shares during the period. Robotti Robert boosted its holdings in shares of Allison Transmission by 0.8% in the first quarter. Robotti Robert now owns 59,993 shares of the auto parts company’s stock worth $4,869,000 after buying an additional 485 shares during the last quarter. Caxton Associates LP grew its position in shares of Allison Transmission by 419.0% during the 1st quarter. Caxton Associates LP now owns 37,654 shares of the auto parts company’s stock valued at $3,056,000 after acquiring an additional 30,399 shares during the period. Finally, Bayesian Capital Management LP purchased a new stake in Allison Transmission in the first quarter worth about $949,000. Institutional investors own 96.90% of the company’s stock.

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.