Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $131.1667.

Several equities analysts recently weighed in on ALSN shares. Morgan Stanley increased their price objective on shares of Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. Citigroup lowered 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. Weiss Ratings upgraded shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. increased their price target on Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 13th.

Allison Transmission Stock Down 0.5%

ALSN opened at $130.62 on Friday. Allison Transmission has a twelve month low of $76.01 and a twelve month high of $137.62. The firm’s 50-day simple moving average is $121.45 and its 200-day simple moving average is $120.41. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81. The firm has a market cap of $10.79 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 0.68 and a beta of 0.98.

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

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $1.16 annualized dividend and a yield of 0.9%. Allison Transmission’s dividend payout ratio is presently 18.44%.

Insider Transactions at Allison Transmission

In other news, CEO David S. Graziosi sold 26,708 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $132.97, for a total value of $3,551,362.76. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Eric C. Scroggins sold 1,050 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total transaction of $131,250.00. Following the completion of the sale, the insider owned 16,604 shares in the company, valued at $2,075,500. This represents a 5.95% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ALSN. Arizona State Retirement System raised its holdings in Allison Transmission by 0.3% in the second quarter. Arizona State Retirement System now owns 22,938 shares of the auto parts company’s stock worth $2,586,000 after purchasing an additional 78 shares during the period. Gamco Investors INC. ET AL boosted its position in shares of Allison Transmission by 1.6% during the first quarter. Gamco Investors INC. ET AL now owns 6,473 shares of the auto parts company’s stock worth $758,000 after purchasing an additional 100 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Allison Transmission by 16.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 732 shares of the auto parts company’s stock valued at $72,000 after buying an additional 105 shares during the period. Villanova Investment Management Co LLC grew its holdings in shares of Allison Transmission by 0.4% in the 4th quarter. Villanova Investment Management Co LLC now owns 26,089 shares of the auto parts company’s stock valued at $2,554,000 after buying an additional 106 shares during the period. Finally, Xponance LLC increased its position in shares of Allison Transmission by 2.0% in the 4th quarter. Xponance LLC now owns 5,535 shares of the auto parts company’s stock valued at $542,000 after buying an additional 107 shares in the last quarter. Institutional investors and hedge funds 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.