Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives $112.00 Consensus Price Target from Analysts

Allison Transmission Holdings, Inc. (NYSE:ALSN) has received an average rating of “Hold” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $112.00.

Several brokerages have recently weighed in on ALSN. Raymond James Financial raised their price target on shares of Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 22nd. Zacks Research cut shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. JPMorgan Chase & Co. raised their price target on shares of Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Morgan Stanley raised their price target on shares of Allison Transmission from $109.00 to $117.00 and gave the stock an “equal weight” rating in a research note on Monday, March 16th. Finally, Oppenheimer raised their price target on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th.

Allison Transmission Trading Up 2.0%

NYSE ALSN opened at $127.49 on Tuesday. The firm has a market cap of $10.60 billion, a P/E ratio of 17.39, a P/E/G ratio of 0.83 and a beta of 0.97. The company has a debt-to-equity ratio of 1.55, a current ratio of 4.85 and a quick ratio of 4.17. The stock’s 50-day moving average is $117.22 and its 200-day moving average is $100.71. Allison Transmission has a one year low of $76.01 and a one year high of $128.85.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Monday, March 9th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. This is an increase from Allison Transmission’s previous quarterly dividend of $0.27. Allison Transmission’s dividend payout ratio (DPR) is 15.83%.

Insider Buying and Selling at Allison Transmission

In other news, insider Eric C. Scroggins sold 1,313 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $114.40, for a total transaction of $150,207.20. Following the completion of the transaction, the insider directly owned 17,654 shares of the company’s stock, valued at $2,019,617.60. This trade represents a 6.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Rossby Financial LCC grew its stake in Allison Transmission by 107.0% in the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 153 shares in the last quarter. Larson Financial Group LLC grew its stake in Allison Transmission by 536.7% in the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 263 shares in the last quarter. Transamerica Financial Advisors LLC grew its stake in Allison Transmission by 2,112.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock valued at $35,000 after purchasing an additional 338 shares in the last quarter. True Wealth Design LLC grew its stake in Allison Transmission by 93.2% in the third quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock valued at $38,000 after purchasing an additional 218 shares in the last quarter. Finally, First Horizon Corp bought a new position in Allison Transmission in the third quarter valued at approximately $40,000. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Company Profile

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.