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

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have earned an average rating of “Hold” from the eight research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $102.63.

Several research firms have commented on ALSN. The Goldman Sachs Group increased their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 12th. Robert W. Baird lifted their price objective on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Morgan Stanley increased their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday. Oppenheimer lifted their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Bank of America raised their price objective 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.

Insider Transactions at Allison Transmission

In other news, CEO David S. Graziosi sold 11,590 shares of Allison Transmission stock in a transaction on Friday, November 29th. The stock was sold at an average price of $119.44, for a total value of $1,384,309.60. Following the transaction, the chief executive officer now directly owns 168,833 shares in the company, valued at approximately $20,165,413.52. This trade represents a 6.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Thomas Eifert sold 2,000 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $95.00, for a total value 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 trade represents a 17.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,380 shares of company stock valued at $2,830,837. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Franklin Resources Inc. boosted its holdings in Allison Transmission by 46.8% in the third quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company’s stock worth $24,955,000 after acquiring an additional 79,745 shares in the last quarter. Tri Ri Asset Management Corp acquired a new stake in Allison Transmission in the 3rd quarter worth approximately $5,932,000. Wilmington Savings Fund Society FSB acquired a new position in Allison Transmission during the 3rd quarter valued at approximately $67,000. World Investment Advisors LLC purchased a new stake in shares of Allison Transmission during the third quarter valued at $29,000. Finally, Sanctuary Advisors LLC lifted its position in Allison Transmission by 88.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 200,997 shares of the auto parts company’s stock worth $19,310,000 after acquiring an additional 94,229 shares during the period. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Up 1.9 %

ALSN opened at $109.30 on Wednesday. The company has a market capitalization of $9.47 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 2.03 and a beta of 0.98. The firm has a 50-day simple moving average of $111.37 and a two-hundred day simple moving average of $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 released its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.26. The business had revenue of $824.00 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.76 EPS. Analysts forecast that Allison Transmission will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

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

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.