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

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have been given a consensus rating of “Hold” by the eight analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $94.25.

Several equities analysts have commented on ALSN shares. Bank of America boosted their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. Citigroup boosted their target price on Allison Transmission from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Wednesday. The Goldman Sachs Group increased their price target on Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a research report on Friday, November 1st. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Finally, Oppenheimer raised their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $119.66 on Friday. Allison Transmission has a one year low of $53.09 and a one year high of $121.36. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83. The firm’s 50 day moving average price is $102.59 and its 200-day moving average price is $88.07. The firm has a market cap of $10.37 billion, a P/E ratio of 14.57, a P/E/G ratio of 2.06 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $790.08 million. During the same period in the previous year, the firm posted $1.76 earnings per share. The company’s revenue was up 12.0% on a year-over-year basis. As a group, equities research analysts predict that Allison Transmission will post 8.21 EPS for the current year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Monday, November 18th. Allison Transmission’s dividend payout ratio (DPR) is 12.18%.

Insider Activity

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $117.73, for a total value of $235,460.00. Following the completion of the transaction, the senior vice president now directly owns 8,420 shares of the company’s stock, valued at $991,286.60. This represents a 19.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Thomas Eifert sold 1,741 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of 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 a total of 7,741 shares of company stock valued at $781,520 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ALSN. Tri Ri Asset Management Corp acquired a new position in Allison Transmission during the 3rd quarter valued at approximately $5,932,000. TD Private Client Wealth LLC boosted its holdings in shares of Allison Transmission by 26.5% during the third quarter. TD Private Client Wealth LLC now owns 3,380 shares of the auto parts company’s stock valued at $325,000 after acquiring an additional 708 shares during the period. Geode Capital Management LLC grew its position in shares of Allison Transmission by 4.2% during the third quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock worth $188,511,000 after acquiring an additional 79,506 shares during the last quarter. Vestcor Inc increased its holdings in shares of Allison Transmission by 5.5% in the 3rd quarter. Vestcor Inc now owns 8,750 shares of the auto parts company’s stock worth $841,000 after acquiring an additional 459 shares during the period. Finally, Barclays PLC lifted its position in Allison Transmission by 23.4% in the 3rd quarter. Barclays PLC now owns 61,449 shares of the auto parts company’s stock valued at $5,902,000 after purchasing an additional 11,666 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

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.