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

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) have earned an average rating of "Hold" from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has 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 target price among brokers that have updated their coverage on the stock in the last year is $86.86.

ALSN has been the subject of a number of recent analyst reports. Robert W. Baird raised their price objective on Allison Transmission from $87.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, July 26th. StockNews.com upgraded Allison Transmission from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 10th. Citigroup raised their price objective on Allison Transmission from $97.00 to $109.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised their price objective on Allison Transmission from $80.00 to $100.00 and gave the company a "neutral" rating in a research note on Friday, October 11th. Finally, The Goldman Sachs Group raised their price objective on Allison Transmission from $63.00 to $72.00 and gave the company a "sell" rating in a research note on Monday, July 29th.

Allison Transmission Stock Up 0.3 %

NYSE ALSN traded up $0.30 during mid-day trading on Tuesday, reaching $100.15. 896,062 shares of the company's stock traded hands, compared to its average volume of 615,861. Allison Transmission has a 1-year low of $50.13 and a 1-year high of $101.40. The company has a fifty day simple moving average of $93.51 and a 200-day simple moving average of $83.64. The company has a current ratio of 2.78, a quick ratio of 2.19 and a debt-to-equity ratio of 1.62. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 13.37, a P/E/G ratio of 1.78 and a beta of 0.99.

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were given a $0.25 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.00%. Allison Transmission's payout ratio is 13.35%.

Insider Buying and Selling

In related news, SVP John Coll sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the sale, the senior vice president now owns 12,420 shares of the company's stock, valued at approximately $1,129,971.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, SVP John Coll sold 2,000 shares of the firm's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total value of $181,960.00. Following the sale, the senior vice president now owns 12,420 shares of the company's stock, valued at approximately $1,129,971.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Thomas Eifert sold 1,741 shares of the firm's stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of the sale, the vice president now directly owns 9,601 shares in the company, valued at approximately $960,100. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,741 shares of company stock valued at $546,060. Insiders own 1.10% of the company's stock.

Institutional Trading of Allison Transmission

Several hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its stake in Allison Transmission by 1.1% during 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 in the last quarter. Dimensional Fund Advisors LP raised its stake 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 valued at $143,716,000 after acquiring an additional 41,168 shares in the last quarter. Federated Hermes Inc. raised its stake in Allison Transmission by 5.9% during the 2nd quarter. Federated Hermes Inc. now owns 906,370 shares of the auto parts company's stock valued at $68,793,000 after acquiring an additional 50,625 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Allison Transmission by 12.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 683,831 shares of the auto parts company's stock valued at $51,903,000 after acquiring an additional 77,649 shares in the last quarter. Finally, Copeland Capital Management LLC raised its stake in Allison Transmission by 0.9% during the 3rd quarter. Copeland Capital Management LLC now owns 636,205 shares of the auto parts company's stock valued at $61,120,000 after acquiring an additional 5,489 shares in the last quarter. Institutional investors own 96.90% of the company's stock.

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.