Allison Transmission Holdings Inc (NYSE:ALSN) Receives $48.22 Average Target Price from Brokerages
Shares of Allison Transmission Holdings Inc (NYSE:ALSN) have earned an average rating of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $48.44.
Several equities analysts have issued reports on the company. Zacks Investment Research lowered Allison Transmission from a “strong-buy” rating to a “hold” rating and set a $53.00 price target on the stock. in a research note on Wednesday. Mizuho reaffirmed a “hold” rating and set a $53.00 target price on shares of Allison Transmission in a research report on Tuesday, February 26th. ValuEngine lowered Allison Transmission from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Credit Suisse Group upped their target price on Allison Transmission from $54.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 27th. Finally, Stifel Nicolaus lowered Allison Transmission from a “buy” rating to a “hold” rating and lowered their target price for the stock from $55.00 to $48.00 in a research report on Wednesday, March 6th.
ALSN traded up $0.31 during trading on Friday, hitting $45.98. The company’s stock had a trading volume of 4,134 shares, compared to its average volume of 923,859. Allison Transmission has a twelve month low of $39.41 and a twelve month high of $53.76. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.89 and a quick ratio of 1.49. The business’s fifty day simple moving average is $44.05. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 9.62, a P/E/G ratio of 0.97 and a beta of 1.38.
The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, May 17th. This represents a $0.60 annualized dividend and a yield of 1.30%. Allison Transmission’s dividend payout ratio (DPR) is currently 12.55%.
In related news, CFO G Frederick Bohley purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was acquired at an average price of $46.00 per share, for a total transaction of $230,000.00. Following the completion of the acquisition, the chief financial officer now owns 40,940 shares of the company’s stock, valued at approximately $1,883,240. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William R. Harker sold 75,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $47.08, for a total value of $3,531,000.00. The disclosure for this sale can be found here. Insiders have sold 5,089,819 shares of company stock valued at $237,568,166 in the last quarter. 9.00% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the business. Empowered Funds LLC grew its stake in shares of Allison Transmission by 0.5% during the 1st quarter. Empowered Funds LLC now owns 52,820 shares of the auto parts company’s stock worth $2,373,000 after acquiring an additional 274 shares during the period. Argent Capital Management LLC grew its stake in shares of Allison Transmission by 1.5% during the 1st quarter. Argent Capital Management LLC now owns 23,216 shares of the auto parts company’s stock worth $1,043,000 after acquiring an additional 353 shares during the period. Advisory Services Network LLC grew its stake in shares of Allison Transmission by 128.3% during the 4th quarter. Advisory Services Network LLC now owns 685 shares of the auto parts company’s stock worth $30,000 after acquiring an additional 385 shares during the period. Virginia Retirement Systems ET AL grew its stake in shares of Allison Transmission by 1.8% during the 4th quarter. Virginia Retirement Systems ET AL now owns 22,200 shares of the auto parts company’s stock worth $975,000 after acquiring an additional 400 shares during the period. Finally, FinTrust Capital Advisors LLC grew its stake in shares of Allison Transmission by 73.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 1,132 shares of the auto parts company’s stock worth $51,000 after acquiring an additional 481 shares during the period. Hedge funds and other institutional investors own 95.51% of the company’s stock.
Allison Transmission Company Profile
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 12 transmission product lines for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
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