Analysts Set Allison Transmission Holdings, Inc. (NYSE:ALSN) Price Target at $102.00

Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) has received an average rating of "Hold" from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $101.13.

Several research analysts have recently commented on the company. The Goldman Sachs Group raised their price objective on Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a research note on Thursday, December 12th. Citigroup decreased their target price on shares of Allison Transmission from $115.00 to $108.00 and set a "neutral" rating on the stock in a research note on Monday. Morgan Stanley upped their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 17th. StockNews.com cut shares of Allison Transmission from a "buy" rating to a "hold" rating in a research note on Thursday. Finally, JPMorgan Chase & Co. lowered their target price on shares of Allison Transmission from $129.00 to $110.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th.

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Insider Activity at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total value of $216,800.00. Following the completion of the transaction, the senior vice president now owns 6,420 shares in the company, valued at approximately $695,928. This trade represents a 23.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Ryan A. Milburn sold 4,546 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total value of $437,325.20. Following the sale, the vice president now owns 14,138 shares in the company, valued at approximately $1,360,075.60. This trade represents a 24.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ALSN. Transce3nd LLC bought a new stake in shares of Allison Transmission in the 4th quarter worth about $25,000. SRH Advisors LLC bought a new stake in Allison Transmission in the fourth quarter worth about $26,000. Kestra Investment Management LLC purchased a new position in shares of Allison Transmission during the fourth quarter valued at approximately $30,000. Vermillion Wealth Management Inc. bought a new position in shares of Allison Transmission during the fourth quarter valued at approximately $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Allison Transmission in the fourth quarter worth approximately $31,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Stock Performance

Shares of ALSN traded down $0.37 on Friday, reaching $95.69. The company's stock had a trading volume of 1,121,328 shares, compared to its average volume of 622,500. The stock's 50 day simple moving average is $104.69 and its two-hundred day simple moving average is $106.52. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. The stock has a market capitalization of $8.18 billion, a P/E ratio of 11.51 and a beta of 1.02. Allison Transmission has a 12-month low of $71.49 and a 12-month high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. Research analysts forecast that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Allison Transmission declared that its board has approved a share repurchase plan on Thursday, February 20th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the auto parts company to purchase up to 57.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.27 dividend. This is an increase from Allison Transmission's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 1.13%. Allison Transmission's payout ratio is presently 13.00%.

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.