Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives Average Rating of "Hold" from Analysts

Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) has been given a consensus recommendation of "Hold" by the eight research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $102.63.

ALSN has been the topic of several research analyst reports. Robert W. Baird increased their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. StockNews.com upgraded Allison Transmission from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, December 10th. Oppenheimer lifted their target price on Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Citigroup upped their price target on Allison Transmission from $125.00 to $130.00 and gave the company a "neutral" rating in a research note on Monday, December 9th. Finally, The Goldman Sachs Group lifted their price objective on Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a research report on Thursday, December 12th.

Insider Activity at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $117.73, for a total value of $235,460.00. Following the sale, the senior vice president now owns 8,420 shares of the company's stock, valued at approximately $991,286.60. The trade was a 19.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David S. Graziosi sold 5,326 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $120.12, for a total transaction of $639,759.12. Following the completion of the transaction, the chief executive officer now directly owns 168,833 shares of the company's stock, valued at $20,280,219.96. This represents a 3.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 24,380 shares of company stock worth $2,830,837. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Allison Transmission

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. World Investment Advisors LLC acquired a new position in shares of Allison Transmission in the third quarter valued at approximately $29,000. Quarry LP grew its position in shares of Allison Transmission by 46.7% during the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company's stock worth $34,000 after purchasing an additional 114 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Allison Transmission by 139.8% in the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company's stock valued at $66,000 after buying an additional 506 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Allison Transmission in the third quarter valued at approximately $67,000. Finally, Venturi Wealth Management LLC grew its position in Allison Transmission by 27.8% during the third quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company's stock worth $71,000 after buying an additional 162 shares in the last quarter. Institutional investors own 96.90% of the company's stock.

Allison Transmission Price Performance

ALSN stock traded down $0.06 during midday trading on Wednesday, reaching $112.13. 169,432 shares of the company's stock traded hands, compared to its average volume of 611,655. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. The company has a market cap of $9.71 billion, a price-to-earnings ratio of 13.67, a PEG ratio of 2.03 and a beta of 0.98. The company has a 50-day simple moving average of $110.86 and a two-hundred day simple moving average of $93.49. Allison Transmission has a 1-year low of $55.19 and a 1-year high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The business had revenue of $824.00 million during the quarter, compared to analysts' expectations of $790.08 million. During the same period in the previous year, the business posted $1.76 earnings per share. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, analysts anticipate that Allison Transmission will post 8.21 earnings per share for the current year.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 0.89%. Allison Transmission's dividend payout ratio is presently 12.18%.

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.