Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives Average Recommendation of “Hold” from Analysts

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have been given an average rating of “Hold” by the eight analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $97.88.

ALSN has been the topic of a number of recent analyst reports. Raymond James reduced their price objective on shares of Allison Transmission from $115.00 to $110.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Robert W. Baird dropped their price objective on Allison Transmission from $123.00 to $100.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. Citigroup reduced their target price on Allison Transmission from $108.00 to $95.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. StockNews.com downgraded Allison Transmission from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Morgan Stanley cut their price target on shares of Allison Transmission from $112.00 to $94.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th.

Insiders Place Their Bets

In related news, VP Ryan A. Milburn sold 4,546 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the completion of the transaction, the vice president now owns 14,138 shares in the company, valued at $1,360,075.60. The trade was a 24.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP John Coll sold 1,788 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total value of $170,450.04. Following the sale, the senior vice president now owns 15,388 shares of the company’s stock, valued at approximately $1,466,938.04. This represents a 10.41 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Allison Transmission

Large investors have recently modified their holdings of the business. Transce3nd LLC acquired a new position in Allison Transmission during the fourth quarter valued at $25,000. SRH Advisors LLC acquired a new stake in shares of Allison Transmission in the 4th quarter worth $26,000. World Investment Advisors LLC acquired a new position in Allison Transmission in the 3rd quarter valued at about $29,000. Kestra Investment Management LLC purchased a new stake in shares of Allison Transmission in the 4th quarter valued at approximately $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Allison Transmission during the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Price Performance

ALSN stock opened at $85.92 on Tuesday. The company has a fifty day simple moving average of $95.68 and a two-hundred day simple moving average of $105.95. Allison Transmission has a 52 week low of $71.49 and a 52 week high of $122.53. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $7.32 billion, a P/E ratio of 10.34 and a beta of 0.95.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.11. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. Analysts anticipate that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.27 per share. The ex-dividend date was Monday, March 3rd. This is an increase from Allison Transmission’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.26%. Allison Transmission’s dividend payout ratio (DPR) is currently 13.00%.

Allison Transmission declared that its Board of Directors has approved a share repurchase program on Thursday, February 20th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

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.