Allison Transmission Holdings, Inc. (NYSE:ALSN) has been given a consensus recommendation of “Hold” by the sixteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $39.20.

Several brokerages recently commented on ALSN. J P Morgan Chase & Co downgraded shares of Allison Transmission Holdings from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $45.00 to $39.00 in a research report on Thursday, August 17th. Royal Bank Of Canada restated a “buy” rating on shares of Allison Transmission Holdings in a research report on Wednesday, August 2nd. Robert W. Baird upgraded shares of Allison Transmission Holdings from a “neutral” rating to an “outperform” rating and upped their price target for the company from $43.00 to $51.00 in a research report on Tuesday, August 1st. BidaskClub downgraded shares of Allison Transmission Holdings from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Piper Jaffray Companies set a $31.00 price target on shares of Allison Transmission Holdings and gave the company a “sell” rating in a research report on Thursday, August 24th.

Allison Transmission Holdings (ALSN) traded up 2.64% during mid-day trading on Friday, reaching $34.62. 1,790,473 shares of the company’s stock traded hands. Allison Transmission Holdings has a 52-week low of $26.74 and a 52-week high of $40.25. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 19.66 and a beta of 1.22. The company has a 50-day moving average of $36.10 and a 200-day moving average of $36.83.

Allison Transmission Holdings (NYSE:ALSN) last issued its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.16. The business had revenue of $580.00 million during the quarter, compared to the consensus estimate of $515.03 million. Allison Transmission Holdings had a net margin of 14.32% and a return on equity of 31.27%. The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 EPS. Equities research analysts expect that Allison Transmission Holdings will post $2.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Monday, August 21st were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $0.60 annualized dividend and a yield of 1.73%. Allison Transmission Holdings’s dividend payout ratio is presently 33.71%.

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In other news, CFO David S. Graziosi sold 10,736 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $39.91, for a total transaction of $428,473.76. Following the transaction, the chief financial officer now owns 204,859 shares in the company, valued at approximately $8,175,922.69. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Randall R. Kirk sold 7,284 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $37.78, for a total transaction of $275,189.52. Following the transaction, the senior vice president now owns 78,347 shares in the company, valued at approximately $2,959,949.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,561 shares of company stock worth $962,093. Company insiders own 7.90% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. USA Financial Portformulas Corp increased its stake in shares of Allison Transmission Holdings by 1.7% during the 2nd quarter. USA Financial Portformulas Corp now owns 20,373 shares of the auto parts company’s stock worth $764,000 after purchasing an additional 345 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Allison Transmission Holdings during the 2nd quarter worth $821,000. Public Employees Retirement System of Ohio increased its stake in shares of Allison Transmission Holdings by 107.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 150,314 shares of the auto parts company’s stock worth $5,638,000 after purchasing an additional 77,996 shares during the last quarter. Koch Industries Inc. acquired a new position in shares of Allison Transmission Holdings during the 2nd quarter worth $506,000. Finally, Verition Fund Management LLC increased its stake in shares of Allison Transmission Holdings by 269.9% during the 2nd quarter. Verition Fund Management LLC now owns 22,822 shares of the auto parts company’s stock worth $856,000 after purchasing an additional 16,652 shares during the last quarter.

Allison Transmission Holdings Company Profile

Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).

Analyst Recommendations for Allison Transmission Holdings (NYSE:ALSN)

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