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

Allison Transmission Holdings, Inc. (NYSE:ALSN) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation, one has issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $111.1111.

A number of equities analysts have weighed in on ALSN shares. Weiss Ratings cut Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 25th. Zacks Research upgraded shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Oppenheimer upped their price objective on shares of Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. JPMorgan Chase & Co. raised their target price on Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Finally, Wells Fargo & Company boosted their price target on Allison Transmission from $98.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 1,791 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total transaction of $176,932.89. Following the completion of the transaction, the senior vice president directly owned 10,021 shares of the company’s stock, valued at $989,974.59. This trade represents a 15.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric C. Scroggins sold 1,313 shares of Allison Transmission stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $114.40, for a total value of $150,207.20. Following the completion of the transaction, the insider owned 17,654 shares of the company’s stock, valued at $2,019,617.60. This trade represents a 6.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

Institutional investors have recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. boosted its position in Allison Transmission by 16.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,313,661 shares of the auto parts company’s stock valued at $324,407,000 after purchasing an additional 466,366 shares during the period. Boston Partners lifted its position in Allison Transmission by 13.6% in the 4th quarter. Boston Partners now owns 2,316,240 shares of the auto parts company’s stock valued at $226,879,000 after purchasing an additional 277,811 shares during the last quarter. Bank of Montreal Can boosted its stake in Allison Transmission by 4,032.3% during the 4th quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock valued at $210,668,000 after purchasing an additional 2,099,797 shares during the period. AQR Capital Management LLC boosted its position in shares of Allison Transmission by 18.9% during the second quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock worth $181,741,000 after buying an additional 304,974 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Allison Transmission by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,907,768 shares of the auto parts company’s stock worth $161,926,000 after buying an additional 32,996 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Up 0.0%

Shares of Allison Transmission stock opened at $113.20 on Friday. Allison Transmission has a twelve month low of $76.01 and a twelve month high of $128.85. The stock has a market cap of $9.37 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 0.74 and a beta of 0.96. The company has a current ratio of 4.85, a quick ratio of 4.17 and a debt-to-equity ratio of 1.55. The company has a fifty day moving average price of $113.44 and a 200 day moving average price of $96.83.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Monday, March 9th will be issued a $0.29 dividend. This is a boost from Allison Transmission’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Monday, March 9th. Allison Transmission’s dividend payout ratio is currently 15.83%.

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.