Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives $130.50 Average PT from Brokerages

Allison Transmission Holdings, Inc. (NYSE:ALSN) has been given an average recommendation of “Hold” by the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $131.1667.

A number of research analysts recently issued reports on ALSN shares. JPMorgan Chase & Co. raised their price objective on shares of Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Wells Fargo & Company raised their price target on shares of Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Citigroup cut their price target on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Finally, Zacks Research cut shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th.

Allison Transmission Trading Down 0.0%

Shares of ALSN stock opened at $113.55 on Thursday. The firm has a market capitalization of $9.42 billion, a P/E ratio of 17.66, a P/E/G ratio of 0.61 and a beta of 0.95. Allison Transmission has a twelve month low of $76.01 and a twelve month high of $137.62. The company has a quick ratio of 1.18, a current ratio of 1.85 and a debt-to-equity ratio of 2.23. The stock’s fifty day simple moving average is $115.88 and its 200 day simple moving average is $116.74.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.10 by $0.47. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the company earned $2.23 earnings per share. The business’s quarterly revenue was up 83.6% on a year-over-year basis. As a group, sell-side analysts predict that Allison Transmission will post 9.91 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.16 annualized dividend and a yield of 1.0%. Allison Transmission’s payout ratio is presently 18.04%.

Insider Activity at Allison Transmission

In other news, CFO Scott A. Mell sold 2,270 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $125.00, for a total value of $283,750.00. Following the completion of the sale, the chief financial officer owned 1,053 shares of the company’s stock, valued at approximately $131,625. This represents a 68.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

A number of hedge funds and other institutional investors have recently made changes to their positions in ALSN. Jane Street Group LLC lifted its position in shares of Allison Transmission by 341.3% in the 1st quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock worth $27,617,000 after purchasing an additional 223,253 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Allison Transmission by 5.7% during the first quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock worth $20,560,000 after buying an additional 11,542 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Allison Transmission by 9.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company’s stock worth $180,000 after buying an additional 165 shares during the period. EverSource Wealth Advisors LLC raised its stake in Allison Transmission by 441.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,018 shares of the auto parts company’s stock worth $97,000 after buying an additional 830 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in Allison Transmission during the second quarter worth $6,111,000. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Company Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.