Allison Transmission Holdings, Inc. (NYSE:ALSN) Stock Has Average Target Price of $131.57

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $131.57.

ALSN has been the subject of several research reports. Wells Fargo & Company reduced their price target on shares of Allison Transmission from $137.00 to $120.00 and set an “equal weight” rating for the company in a research report on Thursday, October 8th. Citigroup raised shares of Allison Transmission from a “neutral” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Monday, October 12th. Freedom Broker began coverage on Allison Transmission in a report on Friday, October 2nd. They set a “buy” rating and a $144.00 price objective for the company. JPMorgan Chase & Co. decreased their target price on Allison Transmission from $145.00 to $142.00 and set a “neutral” rating for the company in a research report on Thursday, October 8th. Finally, Morgan Stanley increased their target price on shares of Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Allison Transmission

A number of institutional investors have recently added to or reduced their stakes in the business. MGO One Seven LLC grew its stake in Allison Transmission by 22.2% in the 3rd quarter. MGO One Seven LLC now owns 19,370 shares of the auto parts company’s stock worth $2,194,000 after buying an additional 3,514 shares in the last quarter. Americana Partners LLC raised its position in shares of Allison Transmission by 1.6% during the 3rd quarter. Americana Partners LLC now owns 12,812 shares of the auto parts company’s stock valued at $1,451,000 after buying an additional 202 shares in the last quarter. State of Wyoming raised its position in shares of Allison Transmission by 263.1% during the 3rd quarter. State of Wyoming now owns 2,331 shares of the auto parts company’s stock valued at $264,000 after buying an additional 1,689 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of Allison Transmission by 5.7% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 13,500 shares of the auto parts company’s stock worth $1,529,000 after acquiring an additional 729 shares during the last quarter. Finally, Soltis Investment Advisors LLC lifted its holdings in shares of Allison Transmission by 21.7% during the 3rd quarter. Soltis Investment Advisors LLC now owns 53,637 shares of the auto parts company’s stock worth $6,075,000 after acquiring an additional 9,554 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Performance

Shares of ALSN opened at $109.16 on Friday. The stock has a 50 day moving average of $118.51 and a 200 day moving average of $118.24. The company has a market capitalization of $9.01 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 0.56 and a beta of 0.98. Allison Transmission has a 12 month low of $76.01 and a 12 month high of $137.62. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 2.07.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 earnings per share for the quarter, topping 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 business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the firm earned $2.29 earnings per share. The business’s revenue was up 92.4% on a year-over-year basis. As a group, sell-side analysts forecast that Allison Transmission will post 10.25 earnings per share for the current year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were given a $0.29 dividend. The ex-dividend date was Friday, August 21st. This represents a $1.16 annualized dividend and a dividend yield of 1.1%. Allison Transmission’s payout ratio is 18.44%.

About Allison Transmission

Allison Transmission, Inc designs and manufactures propulsion solutions for commercial, defense and off-highway vehicles. The company is best known for its fully automatic transmissions, which are used in applications including refuse collection, construction, distribution, emergency services, public transportation and mining.

Its product portfolio also includes electric and hybrid-electric propulsion systems, including the eGen Power electric axle and other electrification technologies.