Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives $95.13 Consensus Target Price from Brokerages

Allison Transmission Holdings, Inc. (NYSE:ALSN) has earned an average rating of “Hold” from the ten brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $95.1250.

A number of brokerages recently weighed in on ALSN. Raymond James Financial upped their price objective on Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 22nd. Citigroup increased their price target on shares of Allison Transmission from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. JPMorgan Chase & Co. reduced their price objective on shares of Allison Transmission from $90.00 to $87.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Finally, Wells Fargo & Company started coverage on shares of Allison Transmission in a research report on Thursday, November 13th. They set an “equal weight” rating and a $85.00 target price for the company.

Insiders Place Their Bets

In related news, SVP John Coll sold 1,791 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total transaction of $176,932.89. Following the transaction, the senior vice president directly owned 10,021 shares in the company, valued at $989,974.59. The trade was a 15.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Allison Transmission

A number of large investors have recently modified their holdings of ALSN. Boston Partners raised its position in shares of Allison Transmission by 117.6% in the 3rd quarter. Boston Partners now owns 2,038,429 shares of the auto parts company’s stock valued at $173,093,000 after purchasing an additional 1,101,824 shares during the last quarter. Norges Bank acquired a new position in Allison Transmission during the 2nd quarter valued at approximately $100,347,000. Qube Research & Technologies Ltd increased its stake in Allison Transmission by 128.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,215,897 shares of the auto parts company’s stock valued at $115,498,000 after purchasing an additional 683,035 shares in the last quarter. UBS Group AG raised its holdings in shares of Allison Transmission by 222.2% in the third quarter. UBS Group AG now owns 960,548 shares of the auto parts company’s stock worth $81,531,000 after buying an additional 662,458 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of Allison Transmission by 35.7% during the second quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company’s stock worth $146,740,000 after buying an additional 406,540 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

Shares of ALSN opened at $98.99 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.06 and a current ratio of 3.82. The company has a 50 day moving average price of $90.13 and a 200-day moving average price of $88.93. Allison Transmission has a fifty-two week low of $76.01 and a fifty-two week high of $121.81. The stock has a market capitalization of $8.24 billion, a PE ratio of 12.13 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.32). The business had revenue of $693.00 million during the quarter, compared to the consensus estimate of $779.97 million. Allison Transmission had a return on equity of 40.46% and a net margin of 22.78%.The business’s quarterly revenue was down 15.9% on a year-over-year basis. During the same period last year, the firm earned $2.27 EPS. Equities analysts predict that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, November 21st. Allison Transmission’s dividend payout ratio is currently 13.24%.

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.