Allison Transmission Holdings, Inc. (NYSE:ALSN) Stock Has Consensus Price Target of $131.17

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $131.17.

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price objective 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. Citigroup lowered their target price on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, Morgan Stanley upped their target price on Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th.

Insider Buying and Selling

In related news, insider Eric C. Scroggins sold 1,050 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total value of $131,250.00. Following the completion of the transaction, the insider directly owned 16,604 shares of the company’s stock, valued at approximately $2,075,500. This trade represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David S. Graziosi sold 26,708 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $132.97, for a total transaction of $3,551,362.76. Following the completion of the transaction, the chief executive officer directly owned 304,843 shares of the company’s stock, valued at $40,534,973.71. This represents a 8.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

A number of large investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. grew its position in shares of Allison Transmission by 4.1% in the 2nd quarter. QRG Capital Management Inc. now owns 4,739 shares of the auto parts company’s stock valued at $534,000 after acquiring an additional 186 shares during the period. MAC Alpha Capital Management LP raised its holdings in shares of Allison Transmission by 59.4% in the 2nd quarter. MAC Alpha Capital Management LP now owns 156,191 shares of the auto parts company’s stock valued at $17,610,000 after purchasing an additional 58,208 shares during the period. WINTON GROUP Ltd acquired a new stake in Allison Transmission in the 2nd quarter valued at about $654,000. Engineers Gate Manager LP bought a new position in Allison Transmission during the second quarter worth about $1,237,000. Finally, Squarepoint Ops LLC acquired a new position in Allison Transmission during the second quarter worth approximately $460,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $116.18 on Tuesday. The company’s fifty day simple moving average is $122.52 and its 200-day simple moving average is $120.27. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07. The firm has a market cap of $9.59 billion, a PE ratio of 18.47, a P/E/G ratio of 0.59 and a beta of 0.99. Allison Transmission has a 12 month low of $76.01 and a 12 month high of $137.62.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.48 by $0.25. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the company posted $2.29 earnings per share. The firm’s revenue was up 92.4% on a year-over-year basis. Equities research analysts expect that Allison Transmission will post 10.27 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, August 21st. This represents a $1.16 annualized dividend and a dividend yield of 1.0%. Allison Transmission’s payout ratio is 18.44%.

About Allison Transmission

Allison Transmission Holdings, Inc designs and manufactures fully automatic transmissions and propulsion solutions for commercial and defense vehicles. Its products are used in a broad range of applications, including refuse and construction trucks, buses, distribution vehicles, emergency vehicles, motorhomes, and off-highway equipment.

The company’s portfolio includes conventional automatic transmissions, hybrid-electric propulsion systems, and electric axles and other solutions intended to support vehicle electrification.