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

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have been assigned a consensus recommendation 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 assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $102.63.

ALSN has been the subject of a number of recent research reports. Morgan Stanley boosted 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, December 17th. Robert W. Baird upped 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. Citigroup upped their price target on Allison Transmission from $125.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 26th. Finally, The Goldman Sachs Group upped their price target on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 12th.

Insiders Place Their Bets

In related news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total value of $216,800.00. Following the sale, the senior vice president now owns 6,420 shares in the company, valued at $695,928. This represents a 23.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO David S. Graziosi sold 1,723 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total value of $207,207.98. Following the completion of the sale, the chief executive officer now owns 168,833 shares in the company, valued at $20,303,856.58. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,639 shares of company stock worth $2,683,537. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

Several hedge funds and other institutional investors have recently made changes to their positions in ALSN. Commonwealth Equity Services LLC grew its stake in shares of Allison Transmission by 4.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 20,679 shares of the auto parts company’s stock worth $1,570,000 after buying an additional 813 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Allison Transmission by 27.0% in the 2nd quarter. Victory Capital Management Inc. now owns 131,280 shares of the auto parts company’s stock worth $9,964,000 after buying an additional 27,916 shares during the last quarter. Choreo LLC purchased a new stake in Allison Transmission during the 2nd quarter valued at $237,000. American Century Companies Inc. boosted its stake in Allison Transmission by 0.9% during the 2nd quarter. American Century Companies Inc. now owns 43,768 shares of the auto parts company’s stock valued at $3,322,000 after purchasing an additional 397 shares during the last quarter. Finally, Qsemble Capital Management LP boosted its stake in Allison Transmission by 82.4% during the 2nd quarter. Qsemble Capital Management LP now owns 6,573 shares of the auto parts company’s stock valued at $499,000 after purchasing an additional 2,970 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Trading Down 1.1 %

NYSE ALSN opened at $109.05 on Friday. Allison Transmission has a 1-year low of $55.81 and a 1-year high of $122.53. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. The stock has a 50-day moving average of $113.80 and a 200-day moving average of $97.70. The firm has a market cap of $9.45 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 2.03 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last released its earnings results 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 company had revenue of $824.00 million during the quarter, compared to analyst estimates of $790.08 million. During the same quarter in the previous year, the company posted $1.76 EPS. Allison Transmission’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, sell-side analysts forecast that Allison Transmission will post 8.21 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.92%. Allison Transmission’s dividend payout ratio (DPR) is 12.18%.

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.