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

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have been assigned a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $65.88.

Several equities research analysts have commented on ALSN shares. The Goldman Sachs Group boosted their price target on shares of Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research report on Tuesday. Morgan Stanley started coverage on shares of Allison Transmission in a research report on Monday, January 8th. They issued an “equal weight” rating and a $62.00 price target on the stock. Oppenheimer boosted their price target on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Robert W. Baird boosted their price target on shares of Allison Transmission from $63.00 to $68.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday.

Allison Transmission Price Performance

Shares of NYSE ALSN opened at $79.39 on Friday. Allison Transmission has a fifty-two week low of $44.68 and a fifty-two week high of $83.42. The firm’s 50-day simple moving average is $76.36 and its 200 day simple moving average is $63.51. The company has a quick ratio of 1.94, a current ratio of 2.49 and a debt-to-equity ratio of 2.03. The stock has a market cap of $6.96 billion, a P/E ratio of 10.67, a P/E/G ratio of 1.48 and a beta of 1.03.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Tuesday, February 13th. The auto parts company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.49. Allison Transmission had a net margin of 22.17% and a return on equity of 60.35%. The business had revenue of $775.00 million for the quarter, compared to analysts’ expectations of $744.00 million. During the same period in the previous year, the business earned $1.52 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. Equities analysts expect that Allison Transmission will post 7.72 EPS for the current year.

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.26%. The ex-dividend date was Friday, March 1st. This is an increase from Allison Transmission’s previous quarterly dividend of $0.23. Allison Transmission’s payout ratio is presently 13.44%.

Insiders Place Their Bets

In other Allison Transmission news, CEO David S. Graziosi sold 76,318 shares of Allison Transmission stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the transaction, the chief executive officer now owns 125,479 shares of the company’s stock, valued at approximately $8,855,053.03. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Allison Transmission news, CEO David S. Graziosi sold 76,318 shares of Allison Transmission stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the transaction, the chief executive officer now owns 125,479 shares of the company’s stock, valued at approximately $8,855,053.03. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Dana Jh Pittard sold 2,686 shares of Allison Transmission stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $72.84, for a total value of $195,648.24. Following the transaction, the vice president now directly owns 5,143 shares in the company, valued at approximately $374,616.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 87,843 shares of company stock worth $6,244,562. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Allison Transmission

Several large investors have recently made changes to their positions in ALSN. ICA Group Wealth Management LLC bought a new stake in shares of Allison Transmission in the 4th quarter valued at approximately $25,000. Global Retirement Partners LLC grew its stake in shares of Allison Transmission by 1,706.7% in the 3rd quarter. Global Retirement Partners LLC now owns 542 shares of the auto parts company’s stock valued at $32,000 after buying an additional 512 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in shares of Allison Transmission by 256.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock valued at $34,000 after buying an additional 426 shares in the last quarter. Loomis Sayles & Co. L P grew its stake in shares of Allison Transmission by 222.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 603 shares of the auto parts company’s stock valued at $36,000 after buying an additional 416 shares in the last quarter. Finally, Quent Capital LLC grew its stake in shares of Allison Transmission by 42.3% in the 4th quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock valued at $41,000 after buying an additional 210 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

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.