Brokerages Set Allison Transmission Holdings, Inc. (NYSE:ALSN) Price Target at $102.63

Allison Transmission Holdings, Inc. (NYSE:ALSN) has earned an average recommendation of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $102.63.

Several equities analysts have recently issued reports on the company. Bank of America boosted their target price on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. Robert W. Baird increased their target price on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Morgan Stanley raised their target price on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Oppenheimer upped their price target on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $109.30 on Wednesday. The stock has a market cap of $9.47 billion, a PE ratio of 13.31, a PEG ratio of 2.03 and a beta of 0.98. The company’s fifty day moving average is $111.37 and its 200 day moving average is $93.92. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. Allison Transmission has a 52 week low of $55.19 and a 52 week high of $122.53.

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

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Monday, November 18th. Allison Transmission’s payout ratio is 12.18%.

Insider Activity at Allison Transmission

In other news, CEO David S. Graziosi sold 5,326 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $120.12, for a total transaction of $639,759.12. Following the sale, the chief executive officer now owns 168,833 shares of the company’s stock, valued at $20,280,219.96. This trade represents a 3.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Thomas Eifert sold 1,741 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were 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 in the company, valued at approximately $960,100. This trade represents a 15.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,380 shares of company stock valued at $2,830,837 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Allison Transmission

A number of large investors have recently made changes to their positions in the company. Quarry LP raised its stake in shares of Allison Transmission by 46.7% in the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after buying an additional 114 shares during the period. Harvest Fund Management Co. Ltd raised its stake in Allison Transmission by 3.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 3,697 shares of the auto parts company’s stock worth $355,000 after acquiring an additional 126 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Allison Transmission by 27.8% in the third quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock worth $71,000 after purchasing an additional 162 shares during the period. Private Advisor Group LLC boosted its holdings in Allison Transmission by 4.4% in the 3rd quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company’s stock worth $382,000 after buying an additional 167 shares during the period. Finally, Miller Howard Investments Inc. NY raised its holdings in Allison Transmission by 2.1% during the second quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company’s stock valued at $676,000 after acquiring an additional 186 shares during the period. 96.90% of the stock is currently 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.