Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives $111.11 Consensus Target Price from Brokerages

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have been given an average rating of “Hold” by the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $112.00.

ALSN has been the topic of a number of recent research reports. Weiss Ratings downgraded Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, February 25th. Zacks Research raised shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Raymond James Financial increased their target price on shares of Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Monday, December 22nd. JPMorgan Chase & Co. raised their target price on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Finally, Oppenheimer boosted their price target on shares of Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th.

Allison Transmission Stock Performance

NYSE:ALSN opened at $112.22 on Friday. Allison Transmission has a fifty-two week low of $76.01 and a fifty-two week high of $128.85. The firm has a market capitalization of $9.29 billion, a PE ratio of 15.31, a PEG ratio of 0.75 and a beta of 0.96. The company has a debt-to-equity ratio of 1.55, a quick ratio of 4.17 and a current ratio of 4.85. The stock’s fifty day moving average is $114.75 and its 200 day moving average is $97.69.

Allison Transmission Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Monday, March 9th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Monday, March 9th. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.0%. Allison Transmission’s dividend payout ratio is 15.83%.

Insider Buying and Selling

In other news, insider Eric C. Scroggins sold 1,313 shares of Allison Transmission stock in a transaction on Monday, March 9th. The stock was sold at an average price of $114.40, for a total value of $150,207.20. Following the transaction, the insider directly owned 17,654 shares in the company, valued at approximately $2,019,617.60. This trade represents a 6.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP John Coll sold 1,791 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total value of $176,932.89. Following the completion of the transaction, the senior vice president directly owned 10,021 shares of the company’s stock, valued at approximately $989,974.59. The trade was a 15.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Allison Transmission

A number of institutional investors have recently added to or reduced their stakes in the stock. Inscription Capital LLC raised its stake in shares of Allison Transmission by 0.7% during the 4th quarter. Inscription Capital LLC now owns 14,337 shares of the auto parts company’s stock worth $1,404,000 after acquiring an additional 95 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Allison Transmission by 16.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 732 shares of the auto parts company’s stock worth $72,000 after acquiring an additional 105 shares during the last quarter. Villanova Investment Management Co LLC increased its holdings in shares of Allison Transmission by 0.4% in the fourth quarter. Villanova Investment Management Co LLC now owns 26,089 shares of the auto parts company’s stock valued at $2,554,000 after purchasing an additional 106 shares during the period. Xponance LLC increased its stake in shares of Allison Transmission by 2.0% in the fourth quarter. Xponance LLC now owns 5,535 shares of the auto parts company’s stock worth $542,000 after acquiring an additional 107 shares during the period. Finally, Kathmere Capital Management LLC grew its position in Allison Transmission by 4.6% during the 4th quarter. Kathmere Capital Management LLC now owns 2,643 shares of the auto parts company’s stock worth $259,000 after purchasing an additional 116 shares during the period. Institutional investors own 96.90% of the company’s stock.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.