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

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have earned a consensus recommendation of “Hold” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $98.38.

Several research firms have weighed in on ALSN. Wall Street Zen cut Allison Transmission from a “buy” rating to a “hold” rating in a research note on Sunday, June 22nd. Morgan Stanley raised their target price on Allison Transmission from $94.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 6th. Bank of America lifted their target price on shares of Allison Transmission from $74.00 to $79.00 and gave the stock an “underperform” rating in a research note on Monday, June 16th. Raymond James Financial cut their price target on Allison Transmission from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, July 21st. Finally, Citigroup reduced their price objective on Allison Transmission from $105.00 to $100.00 and set a “neutral” rating for the company in a research note on Tuesday, June 24th.

Allison Transmission Trading Down 1.4%

Shares of NYSE:ALSN opened at $87.03 on Thursday. Allison Transmission has a 12-month low of $78.71 and a 12-month high of $122.53. The company has a quick ratio of 2.37, a current ratio of 3.05 and a debt-to-equity ratio of 1.44. The stock has a market cap of $7.33 billion, a PE ratio of 10.07 and a beta of 0.96. The business has a 50 day moving average of $95.59 and a 200-day moving average of $99.25.

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

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were paid a $0.27 dividend. The ex-dividend date of this dividend 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

In other Allison Transmission news, VP Ryan A. Milburn sold 3,412 shares of the business’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total value of $359,078.88. Following the transaction, the vice president directly owned 11,924 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Allison Transmission

Hedge funds have recently made changes to their positions in the company. Transce3nd LLC purchased a new position in shares of Allison Transmission in the fourth quarter valued at $25,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Allison Transmission during the 4th quarter valued at $31,000. Trust Co. of Toledo NA OH purchased a new position in shares of Allison Transmission in the 2nd quarter worth about $28,000. SVB Wealth LLC purchased a new position in shares of Allison Transmission during the first quarter worth approximately $33,000. Finally, WPG Advisers LLC purchased a new stake in Allison Transmission during the first quarter valued at about $34,000. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Company Profile

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.