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

Allison Transmission Holdings, Inc. (NYSE:ALSN) has been given an average rating of “Hold” by the ten research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $98.3750.

Several equities analysts have commented on ALSN shares. Bank of America upped their price target on Allison Transmission from $74.00 to $79.00 and gave the company an “underperform” rating in a report on Monday, June 16th. Citigroup lowered their price objective on Allison Transmission from $105.00 to $100.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 24th. Raymond James Financial lowered their price objective on Allison Transmission from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Monday, July 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Allison Transmission in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded Allison Transmission from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th.

Institutional Investors Weigh In On Allison Transmission

Large investors have recently modified their holdings of the stock. Norges Bank bought a new stake in Allison Transmission during the 2nd quarter worth approximately $100,347,000. Qube Research & Technologies Ltd grew its position 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 worth $115,498,000 after acquiring an additional 683,035 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in Allison Transmission by 109.1% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 929,434 shares of the auto parts company’s stock worth $88,919,000 after acquiring an additional 484,916 shares during the last quarter. Federated Hermes Inc. grew its position in Allison Transmission by 35.7% during the 2nd quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company’s stock worth $146,740,000 after acquiring an additional 406,540 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Allison Transmission during the 2nd quarter worth approximately $31,740,000. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Trading Up 1.6%

Allison Transmission stock opened at $80.75 on Tuesday. The business has a 50 day moving average price of $87.17 and a two-hundred day moving average price of $92.14. The company has a quick ratio of 2.64, a current ratio of 3.36 and a debt-to-equity ratio of 1.37. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 9.18 and a beta of 1.01. Allison Transmission has a 12 month low of $79.36 and a 12 month high of $122.53.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.20 by $0.09. The firm had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $811.05 million. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.13 EPS. Allison Transmission has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Allison Transmission will post 9.06 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Wednesday, August 20th. Allison Transmission’s dividend payout ratio is currently 12.27%.

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.