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

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) have earned an average recommendation of "Hold" from the eight ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $94.25.

A number of research firms recently weighed in on ALSN. Citigroup increased their price objective on shares of Allison Transmission from $115.00 to $125.00 and gave the stock a "neutral" rating in a research report on Wednesday. Bank of America raised their price target on Allison Transmission from $67.00 to $77.00 and gave the stock an "underperform" rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on Allison Transmission from $80.00 to $100.00 and gave the company a "neutral" rating in a report on Friday, October 11th. Oppenheimer increased their target price on Allison Transmission from $90.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their target price on Allison Transmission from $72.00 to $82.00 and gave the company a "sell" rating in a research report on Friday, November 1st.

Allison Transmission Trading Up 1.3 %

ALSN stock traded up $1.54 during midday trading on Friday, hitting $119.65. 466,036 shares of the company's stock were exchanged, compared to its average volume of 621,673. Allison Transmission has a 1-year low of $53.09 and a 1-year high of $121.36. The business has a 50-day simple moving average of $103.23 and a two-hundred day simple moving average of $88.38. The stock has a market capitalization of $10.36 billion, a PE ratio of 14.57, a P/E/G ratio of 2.10 and a beta of 0.98. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48.

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

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.84%. Allison Transmission's payout ratio is 12.18%.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the sale, the senior vice president now directly owns 12,420 shares of the company's stock, valued at $1,129,971.60. The trade was a 13.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas Eifert sold 1,741 shares of the company's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the transaction, the vice president now directly owns 9,601 shares of the company's stock, valued at approximately $960,100. This represents a 15.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,741 shares of company stock worth $781,520 over the last 90 days. 1.10% of the stock is owned by insiders.

Institutional Trading of Allison Transmission

Several institutional investors have recently modified their holdings of ALSN. Versant Capital Management Inc grew its stake in Allison Transmission by 1,200.0% during the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company's stock worth $28,000 after buying an additional 336 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in Allison Transmission in the second quarter valued at $33,000. Quarry LP raised its holdings in shares of Allison Transmission by 46.7% in the third quarter. Quarry LP now owns 358 shares of the auto parts company's stock valued at $34,000 after buying an additional 114 shares during the last quarter. Fifth Third Bancorp raised its holdings 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 during the last quarter. Finally, Quent Capital LLC lifted its position in Allison Transmission by 24.0% during the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company's stock worth $68,000 after acquiring an additional 172 shares during the period. Hedge funds and other institutional investors own 96.90% of the company's stock.

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.