Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives $130.50 Consensus Target Price from Brokerages

Allison Transmission Holdings, Inc. (NYSE:ALSN) has earned an average recommendation of “Hold” from the eight research firms that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $131.1667.

Several equities analysts have recently weighed in on ALSN shares. Morgan Stanley raised their price target on Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday. JPMorgan Chase & Co. upped their price target on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Citigroup cut their price objective on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Wells Fargo & Company raised their price objective on shares of Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Zacks Research cut Allison Transmission from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th.

Allison Transmission Stock Performance

Allison Transmission stock opened at $113.43 on Thursday. Allison Transmission has a twelve month low of $76.01 and a twelve month high of $137.62. The company has a quick ratio of 1.18, a current ratio of 1.85 and a debt-to-equity ratio of 2.23. The company has a market capitalization of $9.41 billion, a P/E ratio of 17.64, a PEG ratio of 0.62 and a beta of 0.95. The stock’s 50 day moving average is $116.08 and its 200 day moving average is $116.52.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Monday, May 4th. The auto parts company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.47. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the business earned $2.23 earnings per share. The firm’s quarterly revenue was up 83.6% compared to the same quarter last year. On average, equities research analysts predict that Allison Transmission will post 9.91 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, May 18th. Allison Transmission’s dividend payout ratio is presently 18.04%.

Insider Transactions at Allison Transmission

In other Allison Transmission news, CFO Scott A. Mell sold 2,270 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $125.00, for a total transaction of $283,750.00. Following the completion of the sale, the chief financial officer directly owned 1,053 shares in the company, valued at $131,625. The trade was a 68.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Inscription Capital LLC grew its stake in shares of Allison Transmission by 0.7% during the 4th quarter. Inscription Capital LLC now owns 14,337 shares of the auto parts company’s stock valued at $1,404,000 after acquiring an additional 95 shares during the period. Gamco Investors INC. ET AL increased its holdings in Allison Transmission by 1.6% in the 1st quarter. Gamco Investors INC. ET AL now owns 6,473 shares of the auto parts company’s stock worth $758,000 after acquiring an additional 100 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Allison Transmission by 16.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 732 shares of the auto parts company’s stock worth $72,000 after acquiring an additional 105 shares during the period. Villanova Investment Management Co LLC lifted its holdings in Allison Transmission by 0.4% during the fourth quarter. Villanova Investment Management Co LLC now owns 26,089 shares of the auto parts company’s stock valued at $2,554,000 after purchasing an additional 106 shares in the last quarter. Finally, Xponance LLC lifted its holdings in Allison Transmission by 2.0% during the fourth quarter. Xponance LLC now owns 5,535 shares of the auto parts company’s stock valued at $542,000 after purchasing an additional 107 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

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.