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

Allison Transmission Holdings, Inc. (NYSE:ALSN) has earned an average rating of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $112.00.

ALSN has been the subject of several research reports. Oppenheimer increased their price objective on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 24th. Zacks Research raised shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Wells Fargo & Company upped their target price on shares of Allison Transmission from $98.00 to $127.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 26th. Citigroup increased their target price on Allison Transmission from $110.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, February 25th. Finally, JPMorgan Chase & Co. lifted their price target on Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $114.28 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 4.17 and a current ratio of 4.85. Allison Transmission has a 52 week low of $76.01 and a 52 week high of $128.85. The company’s 50 day moving average price is $114.28 and its two-hundred day moving average price is $97.48. The company has a market capitalization of $9.46 billion, a P/E ratio of 15.59, a price-to-earnings-growth ratio of 0.75 and a beta of 0.96.

Allison Transmission Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Monday, March 9th will be given a $0.29 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.16 dividend on an annualized basis and a yield of 1.0%. This is a boost from Allison Transmission’s previous quarterly dividend of $0.27. Allison Transmission’s payout ratio is 15.83%.

Insider Activity at Allison Transmission

In other news, insider Eric C. Scroggins sold 1,313 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $114.40, for a total transaction of $150,207.20. Following the completion of the transaction, the insider directly owned 17,654 shares of the company’s stock, valued at $2,019,617.60. This trade represents a 6.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Coll sold 1,791 shares of Allison Transmission stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total transaction of $176,932.89. Following the completion of the sale, the senior vice president owned 10,021 shares in the company, valued at $989,974.59. This trade represents a 15.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bank of Montreal Can grew its position in Allison Transmission by 4,032.3% in the fourth quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock valued at $210,668,000 after purchasing an additional 2,099,797 shares in the last quarter. Norges Bank bought a new stake in Allison Transmission during the 4th quarter worth about $115,674,000. Boston Partners lifted its position in Allison Transmission by 117.6% during the 3rd quarter. Boston Partners now owns 2,038,429 shares of the auto parts company’s stock worth $173,093,000 after buying an additional 1,101,824 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Allison Transmission by 191.7% during the 4th quarter. Millennium Management LLC now owns 1,257,353 shares of the auto parts company’s stock worth $123,095,000 after buying an additional 826,352 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in shares of Allison Transmission by 128.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,215,897 shares of the auto parts company’s stock valued at $115,498,000 after acquiring an additional 683,035 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

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.