Brokerages Set Allison Transmission Holdings, Inc. (NYSE:ALSN) Target Price at $94.25

Allison Transmission Holdings, Inc. (NYSE:ALSN) has been given an average recommendation of “Hold” by the eight research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $94.25.

A number of brokerages have recently issued reports on ALSN. Bank of America upped their price target on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a report on Wednesday, October 30th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Oppenheimer boosted their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. The Goldman Sachs Group upped their price objective on Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a research report on Friday, November 1st. Finally, Robert W. Baird increased their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th.

Allison Transmission Stock Down 0.9 %

Shares of Allison Transmission stock opened at $118.52 on Friday. The company has a 50-day simple moving average of $105.08 and a two-hundred day simple moving average of $89.37. The stock has a market capitalization of $10.27 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98. Allison Transmission has a 52-week low of $53.09 and a 52-week high of $122.53. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83.

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

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.84%. Allison Transmission’s dividend payout ratio is currently 12.18%.

Insider Activity

In other Allison Transmission news, CEO David S. Graziosi sold 5,326 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $120.12, for a total transaction of $639,759.12. Following the transaction, the chief executive officer now owns 168,833 shares of the company’s stock, valued at approximately $20,280,219.96. The trade was a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Thomas Eifert sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $95.00, for a total transaction of $190,000.00. Following the completion of the sale, the vice president now directly owns 9,601 shares of the company’s stock, valued at approximately $912,095. This trade represents a 17.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,067 shares of company stock worth $1,239,319. Corporate insiders own 0.93% of the company’s stock.

Institutional Investors Weigh In On Allison Transmission

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP lifted its stake in Allison Transmission by 46.7% in the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after acquiring an additional 114 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake in Allison Transmission by 3.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 3,697 shares of the auto parts company’s stock valued at $355,000 after acquiring an additional 126 shares during the last quarter. Venturi Wealth Management LLC increased its stake in Allison Transmission by 27.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock valued at $71,000 after buying an additional 162 shares during the period. Private Advisor Group LLC raised its holdings in Allison Transmission by 4.4% during the third quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company’s stock worth $382,000 after purchasing an additional 167 shares in the last quarter. Finally, Quent Capital LLC raised its stake in shares of 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 buying an additional 172 shares in the last quarter. Hedge funds and other 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.