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

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have been given a consensus rating of “Hold” by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $65.88.

Several research analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a report on Tuesday. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 14th. Oppenheimer upped their target price on shares of Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Robert W. Baird upped their target price on shares of Allison Transmission from $63.00 to $68.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Monday.

Allison Transmission Trading Down 0.5 %

NYSE ALSN opened at $79.39 on Friday. The company has a quick ratio of 1.94, a current ratio of 2.49 and a debt-to-equity ratio of 2.03. Allison Transmission has a 52 week low of $44.68 and a 52 week high of $83.42. The stock has a market capitalization of $6.96 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 1.48 and a beta of 1.03. The firm has a 50 day moving average of $76.36 and a two-hundred day moving average of $63.51.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, February 13th. The auto parts company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.42 by $0.49. Allison Transmission had a net margin of 22.17% and a return on equity of 60.35%. The company had revenue of $775.00 million during the quarter, compared to analysts’ expectations of $744.00 million. During the same quarter in the previous year, the business posted $1.52 EPS. The firm’s revenue was up 7.9% on a year-over-year basis. As a group, research analysts expect that Allison Transmission will post 7.72 EPS for the current fiscal year.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, March 1st. This represents a $1.00 dividend on an annualized basis and a yield of 1.26%. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. Allison Transmission’s dividend payout ratio is currently 13.44%.

Insider Buying and Selling

In related news, VP Dana Jh Pittard sold 2,686 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $72.84, for a total transaction of $195,648.24. Following the completion of the sale, the vice president now owns 5,143 shares in the company, valued at approximately $374,616.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Allison Transmission news, VP Dana Jh Pittard sold 2,686 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $72.84, for a total transaction of $195,648.24. Following the completion of the transaction, the vice president now owns 5,143 shares in the company, valued at approximately $374,616.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Niekerk Teresa Van sold 6,241 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $74.87, for a total transaction of $467,263.67. Following the transaction, the vice president now owns 21,112 shares of the company’s stock, valued at approximately $1,580,655.44. The disclosure for this sale can be found here. Insiders sold a total of 87,843 shares of company stock worth $6,244,562 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

Large investors have recently bought and sold shares of the company. AMI Investment Management Inc. increased its holdings in shares of Allison Transmission by 7.1% in the 1st quarter. AMI Investment Management Inc. now owns 97,189 shares of the auto parts company’s stock valued at $3,816,000 after purchasing an additional 6,438 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Allison Transmission by 5.1% in the 1st quarter. JPMorgan Chase & Co. now owns 334,703 shares of the auto parts company’s stock valued at $13,140,000 after purchasing an additional 16,209 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Allison Transmission by 267.3% in the 1st quarter. Raymond James & Associates now owns 33,711 shares of the auto parts company’s stock valued at $1,323,000 after purchasing an additional 24,534 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Allison Transmission by 1.5% in the 1st quarter. Citigroup Inc. now owns 74,855 shares of the auto parts company’s stock valued at $2,938,000 after purchasing an additional 1,127 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Allison Transmission by 31.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,096 shares of the auto parts company’s stock valued at $514,000 after purchasing an additional 3,142 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

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.