Allison Transmission Holdings, Inc. (NYSE:ALSN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have received an average rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $75.25.

Several brokerages have issued reports on ALSN. Oppenheimer upped their price objective on Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. JPMorgan Chase & Co. increased their target price on shares of Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Robert W. Baird lifted their price target on shares of Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a report on Friday, April 26th. The Goldman Sachs Group increased their price objective on shares of Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research note on Tuesday, April 16th. Finally, StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 7th.

Allison Transmission Stock Up 2.2 %

ALSN stock opened at $75.90 on Wednesday. The company has a current ratio of 2.51, a quick ratio of 1.95 and a debt-to-equity ratio of 1.79. The firm has a 50 day simple moving average of $75.26 and a 200-day simple moving average of $70.84. The company has a market capitalization of $6.64 billion, a P/E ratio of 10.13, a PEG ratio of 1.41 and a beta of 1.02. Allison Transmission has a twelve month low of $50.13 and a twelve month high of $83.42.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.01. The company had revenue of $789.00 million during the quarter, compared to analyst estimates of $772.37 million. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the business earned $1.85 EPS. On average, equities research analysts predict that Allison Transmission will post 7.56 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.32%. Allison Transmission’s dividend payout ratio (DPR) is presently 13.35%.

Insider Transactions at Allison Transmission

In other news, VP Rafael Basso sold 12,624 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total transaction of $940,235.52. Following the transaction, the vice president now directly owns 4,624 shares of the company’s stock, valued at $344,395.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Allison Transmission

A number of institutional investors have recently added to or reduced their stakes in ALSN. NewEdge Wealth LLC raised its stake in shares of Allison Transmission by 9.1% in the 4th quarter. NewEdge Wealth LLC now owns 519,845 shares of the auto parts company’s stock worth $30,229,000 after buying an additional 43,243 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Allison Transmission by 43.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,638 shares of the auto parts company’s stock worth $2,712,000 after acquiring an additional 14,168 shares in the last quarter. UBS Group AG lifted its holdings in Allison Transmission by 35.7% in the 4th quarter. UBS Group AG now owns 135,039 shares of the auto parts company’s stock valued at $7,853,000 after acquiring an additional 35,501 shares during the last quarter. Prevatt Capital Ltd bought a new position in shares of Allison Transmission during the 4th quarter valued at about $14,538,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Allison Transmission in the 4th quarter worth approximately $3,140,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

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.