Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives $120.29 Average Target Price from Analysts

Allison Transmission Holdings, Inc. (NYSE:ALSN) has earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $120.2857.

A number of equities analysts have recently weighed in on ALSN shares. Oppenheimer boosted their price objective on shares of Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday, February 24th. Morgan Stanley boosted their price objective on shares of Allison Transmission from $117.00 to $126.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. Wells Fargo & Company boosted their price objective on shares of Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Zacks Research lowered shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, Citigroup boosted their price objective on shares of Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, April 13th.

Allison Transmission Stock Performance

NYSE:ALSN opened at $113.56 on Wednesday. The firm has a 50 day simple moving average of $121.15 and a 200-day simple moving average of $110.30. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.85 and a quick ratio of 1.18. The firm has a market cap of $9.42 billion, a PE ratio of 17.66, a P/E/G ratio of 0.61 and a beta of 1.01. Allison Transmission has a 1-year low of $76.01 and a 1-year high of $137.62.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Monday, May 4th. The auto parts company reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.47. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.38 billion. Allison Transmission had a net margin of 14.88% and a return on equity of 37.50%. The company’s revenue was up 83.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.23 earnings per share. On average, equities analysts expect that Allison Transmission will post 9.86 EPS for the current year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were given 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 dividend payout ratio is 18.04%.

Insider Activity at Allison Transmission

In related news, insider Eric C. Scroggins sold 1,313 shares of the company’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 owned 17,654 shares of the company’s stock, valued at approximately $2,019,617.60. This represents a 6.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Scott A. Mell sold 2,270 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $125.00, for a total transaction of $283,750.00. Following the transaction, the chief financial officer directly owned 1,053 shares of the company’s stock, valued at $131,625. This trade represents a 68.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

Institutional investors and hedge funds have recently bought and sold shares of the stock. BankChampaign National Association purchased a new stake in Allison Transmission during the first quarter worth approximately $812,000. Bank of America Corp DE grew its stake in Allison Transmission by 12.3% during the first quarter. Bank of America Corp DE now owns 1,100,162 shares of the auto parts company’s stock worth $128,785,000 after buying an additional 120,335 shares during the period. Edgestream Partners L.P. boosted its stake in shares of Allison Transmission by 18.9% in the first quarter. Edgestream Partners L.P. now owns 30,042 shares of the auto parts company’s stock valued at $3,517,000 after purchasing an additional 4,769 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Allison Transmission by 32.7% in the first quarter. Janus Henderson Group PLC now owns 491,105 shares of the auto parts company’s stock valued at $57,530,000 after purchasing an additional 121,129 shares during the period. Finally, Bull Harbor Capital LLC purchased a new position in shares of Allison Transmission in the first quarter valued at $297,000. 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.