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

Allison Transmission Holdings, Inc. (NYSE:ALSN) has been assigned a consensus rating of “Hold” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $98.38.

Several equities analysts have recently issued reports on the company. Bank of America boosted their price objective on Allison Transmission from $74.00 to $79.00 and gave the stock an “underperform” rating in a research report on Monday, June 16th. Citigroup cut their price objective on Allison Transmission from $105.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, June 24th. JPMorgan Chase & Co. cut their target price on shares of Allison Transmission from $110.00 to $98.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group boosted their price target on shares of Allison Transmission from $80.00 to $90.00 and gave the company a “sell” rating in a report on Tuesday, May 27th. Finally, Robert W. Baird lowered their target price on shares of Allison Transmission from $123.00 to $100.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 15th.

Allison Transmission Price Performance

Shares of ALSN opened at $87.03 on Thursday. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of 10.07 and a beta of 0.96. Allison Transmission has a 52 week low of $78.71 and a 52 week high of $122.53. The stock has a 50 day moving average of $95.59 and a 200-day moving average of $99.25. The company has a current ratio of 3.05, a quick ratio of 2.37 and a debt-to-equity ratio of 1.44.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.26. The firm had revenue of $766.00 million during the quarter, compared to the consensus estimate of $792.18 million. Allison Transmission had a return on equity of 46.97% and a net margin of 23.55%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.90 EPS. As a group, analysts forecast that Allison Transmission will post 9.06 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were issued a $0.27 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.24%. Allison Transmission’s payout ratio is presently 12.50%.

Insider Activity at Allison Transmission

In other news, VP Ryan A. Milburn sold 3,412 shares of Allison Transmission stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total value of $359,078.88. Following the completion of the transaction, the vice president owned 11,924 shares in the company, valued at approximately $1,254,881.76. The trade was a 22.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

Hedge funds and other institutional investors have recently made changes to their positions in the business. Transce3nd LLC acquired a new stake in Allison Transmission during the 4th quarter worth $25,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Allison Transmission during the second quarter worth $28,000. Vermillion Wealth Management Inc. bought a new stake in shares of Allison Transmission in the fourth quarter valued at about $31,000. SVB Wealth LLC bought a new position in shares of Allison Transmission during the 1st quarter worth approximately $33,000. Finally, WPG Advisers LLC bought a new stake in Allison Transmission during the 1st quarter worth about $34,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

About Allison Transmission

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.