Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives $95.13 Average PT from Analysts

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have earned an average rating of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $95.1250.

ALSN has been the subject of a number of research analyst reports. Weiss Ratings cut Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Citigroup raised their price objective on Allison Transmission from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Raymond James Financial lifted their target price on Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 22nd. JPMorgan Chase & Co. dropped their price target on Allison Transmission from $90.00 to $87.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Finally, Wells Fargo & Company assumed coverage on Allison Transmission in a report on Thursday, November 13th. They set an “equal weight” rating and a $85.00 price target for the company.

Allison Transmission Trading Down 0.9%

Shares of Allison Transmission stock opened at $98.01 on Friday. The stock has a market cap of $8.16 billion, a P/E ratio of 12.01 and a beta of 0.98. The company has a quick ratio of 3.06, a current ratio of 3.82 and a debt-to-equity ratio of 1.30. Allison Transmission has a 12-month low of $76.01 and a 12-month high of $121.81. The business’s 50 day moving average is $89.81 and its 200-day moving average is $88.94.

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 the consensus estimate of $1.95 by ($0.32). Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. The firm had revenue of $693.00 million during the quarter, compared to the consensus estimate of $779.97 million. During the same period in the prior year, the business posted $2.27 earnings per share. Allison Transmission’s quarterly revenue was down 15.9% compared to the same quarter last year. Equities research analysts predict that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, November 21st. Allison Transmission’s dividend payout ratio (DPR) is currently 13.24%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Boston Partners boosted its holdings in shares of Allison Transmission by 117.6% during the third quarter. Boston Partners now owns 2,038,429 shares of the auto parts company’s stock worth $173,093,000 after acquiring an additional 1,101,824 shares during the period. AQR Capital Management LLC lifted its holdings in Allison Transmission by 18.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock worth $181,741,000 after purchasing an additional 304,974 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake 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 valued at $161,926,000 after purchasing an additional 32,996 shares during the period. State Street Corp grew its holdings in Allison Transmission by 1.1% in the 2nd quarter. State Street Corp now owns 1,652,290 shares of the auto parts company’s stock valued at $156,951,000 after buying an additional 17,783 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in Allison Transmission by 35.7% during the 2nd quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company’s stock worth $146,740,000 after buying an additional 406,540 shares during the period. 96.90% of the stock is owned by 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.