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

Allison Transmission Holdings, Inc. (NYSE:ALSN) has been given a consensus recommendation of “Hold” by the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $131.1667.

A number of analysts have commented on the company. Wells Fargo & Company upped their price target on Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. Morgan Stanley lifted their price objective on Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Citigroup reduced their target price on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. JPMorgan Chase & Co. raised their target price on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Finally, Weiss Ratings downgraded shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, July 16th.

Insider Activity at Allison Transmission

In other news, CFO Scott A. Mell sold 2,270 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $125.00, for a total transaction of $283,750.00. Following the sale, the chief financial officer directly owned 1,053 shares in the company, valued at $131,625. This trade represents a 68.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Allison Transmission

A number of institutional investors have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. lifted its position in shares of Allison Transmission by 16.4% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,313,661 shares of the auto parts company’s stock valued at $324,407,000 after acquiring an additional 466,366 shares in the last quarter. Boston Partners boosted its stake in shares of Allison Transmission by 13.6% in the fourth quarter. Boston Partners now owns 2,316,240 shares of the auto parts company’s stock worth $226,879,000 after acquiring an additional 277,811 shares during the period. Bank of Montreal Can grew its position in shares of Allison Transmission by 4,032.3% during the fourth quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock worth $210,668,000 after purchasing an additional 2,099,797 shares in the last quarter. First Trust Advisors LP raised its stake in Allison Transmission by 85.2% during the 1st quarter. First Trust Advisors LP now owns 2,026,603 shares of the auto parts company’s stock valued at $237,234,000 after purchasing an additional 932,201 shares during the period. Finally, AQR Capital Management LLC raised its stake in Allison Transmission by 18.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock valued at $181,741,000 after purchasing an additional 304,974 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Trading Up 2.2%

NYSE:ALSN opened at $118.79 on Thursday. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.85 and a quick ratio of 1.18. The firm has a market capitalization of $9.85 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 0.62 and a beta of 0.95. Allison Transmission has a one year low of $76.01 and a one year high of $137.62. The business has a fifty day moving average price of $115.73 and a 200-day moving average price of $117.02.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.47. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.Allison Transmission’s revenue for the quarter was up 83.6% compared to the same quarter last year. During the same period last year, the firm earned $2.23 EPS. Sell-side analysts forecast that Allison Transmission will post 9.91 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were paid a $0.29 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.0%. Allison Transmission’s dividend payout ratio is 18.04%.

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.