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

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have received a consensus recommendation of “Hold” from the ten brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $95.1250.

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

Allison Transmission Stock Up 0.2%

NYSE:ALSN opened at $100.97 on Friday. The company has a market cap of $8.40 billion, a price-to-earnings ratio of 12.37 and a beta of 0.99. 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 stock’s fifty day moving average price is $88.50 and its two-hundred day moving average price is $88.91. Allison Transmission has a 52-week low of $76.01 and a 52-week high of $121.81.

Allison Transmission (NYSE:ALSN) last released its earnings results on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.32). Allison Transmission had a return on equity of 40.46% and a net margin of 22.78%.The firm had revenue of $693.00 million for the quarter, compared to the consensus estimate of $779.97 million. During the same quarter in the previous year, the firm earned $2.27 EPS. The company’s revenue was down 15.9% compared to the same quarter last year. On average, analysts anticipate 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, December 5th. Investors of record on Friday, November 21st were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. Allison Transmission’s payout ratio is 13.24%.

Hedge Funds Weigh In On Allison Transmission

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Verdence Capital Advisors LLC boosted its stake in Allison Transmission by 2.1% during the 2nd quarter. Verdence Capital Advisors LLC now owns 6,258 shares of the auto parts company’s stock worth $594,000 after acquiring an additional 131 shares during the last quarter. M&T Bank Corp raised its holdings in Allison Transmission by 3.8% in the second quarter. M&T Bank Corp now owns 3,786 shares of the auto parts company’s stock worth $360,000 after purchasing an additional 138 shares during the period. Westover Capital Advisors LLC boosted its position in shares of Allison Transmission by 3.0% during the second quarter. Westover Capital Advisors LLC now owns 5,166 shares of the auto parts company’s stock worth $491,000 after purchasing an additional 150 shares in the last quarter. Rossby Financial LCC grew its holdings in shares of Allison Transmission by 107.0% in the 3rd quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock valued at $25,000 after buying an additional 153 shares during the period. Finally, Johnson Investment Counsel Inc. grew its holdings in shares of Allison Transmission by 0.6% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 28,415 shares of the auto parts company’s stock valued at $2,412,000 after buying an additional 156 shares during the period. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Company Profile

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.