Analysts Set Allison Transmission Holdings, Inc. (NYSE:ALSN) Price Target at $102.63

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

ALSN has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on Allison Transmission from $80.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, October 11th. Bank of America lifted their price objective on Allison Transmission from $67.00 to $77.00 and gave the stock an "underperform" rating in a report on Wednesday, October 30th. Morgan Stanley increased their target price on Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 17th. Oppenheimer lifted their price target on shares of 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 upped their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the company a "sell" rating in a report on Thursday, December 12th.

Allison Transmission Stock Down 1.1 %

NYSE ALSN traded down $1.19 on Friday, reaching $109.05. The company had a trading volume of 479,722 shares, compared to its average volume of 413,911. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. Allison Transmission has a 1 year low of $55.81 and a 1 year high of $122.53. The firm has a 50-day moving average of $113.80 and a 200-day moving average of $97.87. The firm has a market capitalization of $9.45 billion, a PE ratio of 13.28, a P/E/G ratio of 2.03 and a beta of 1.00.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.26. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The business had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. During the same period in the prior year, the firm earned $1.76 earnings per share. The business's quarterly revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts anticipate that Allison Transmission will post 8.21 EPS for the current fiscal 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 paid 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 0.92%. Allison Transmission's payout ratio is 12.18%.

Insiders Place Their Bets

In related news, SVP John Coll sold 2,000 shares of the company's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $117.73, for a total transaction of $235,460.00. Following the completion of the transaction, the senior vice president now directly owns 8,420 shares in the company, valued at $991,286.60. This represents a 19.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David S. Graziosi sold 11,590 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $119.44, for a total value of $1,384,309.60. Following the completion of the sale, the chief executive officer now directly owns 168,833 shares in the company, valued at $20,165,413.52. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,639 shares of company stock valued at $2,683,537. Company insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ALSN. FMR LLC raised its holdings in shares of Allison Transmission by 24.3% during the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company's stock valued at $1,224,479,000 after buying an additional 2,493,310 shares during the last quarter. Renaissance Technologies LLC increased its position in Allison Transmission by 1.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,522,519 shares of the auto parts company's stock valued at $267,359,000 after acquiring an additional 39,700 shares during the period. Geode Capital Management LLC raised its stake in Allison Transmission by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company's stock valued at $188,511,000 after acquiring an additional 79,506 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Allison Transmission by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company's stock worth $143,716,000 after acquiring an additional 41,168 shares during the period. Finally, State Street Corp grew its stake in shares of Allison Transmission by 0.8% in the third quarter. State Street Corp now owns 1,682,076 shares of the auto parts company's stock worth $161,597,000 after purchasing an additional 13,252 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

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.