Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives $131.17 Average Price Target from Analysts

Allison Transmission Holdings, Inc. (NYSE:ALSN) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $131.1667.

Several equities analysts have recently issued reports on ALSN shares. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Morgan Stanley upped their target price on shares of Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. Citigroup reduced their target price 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. JPMorgan Chase & Co. lifted their price target on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Finally, Wells Fargo & Company boosted their price target on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th.

Allison Transmission Stock Up 2.4%

Allison Transmission stock opened at $125.88 on Monday. The firm has a market capitalization of $10.39 billion, a P/E ratio of 20.01, a P/E/G ratio of 0.66 and a beta of 0.95. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 2.07. Allison Transmission has a twelve month low of $76.01 and a twelve month high of $137.62. The stock’s fifty day simple moving average is $117.93 and its 200-day simple moving average is $118.62.

Allison Transmission (NYSE:ALSN) last released its earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.25. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business posted $2.29 earnings per share. Allison Transmission’s revenue was up 92.4% compared to the same quarter last year. As a group, equities analysts expect that Allison Transmission will post 9.94 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. Allison Transmission’s dividend payout ratio (DPR) is presently 18.44%.

Insider Activity

In related news, insider Eric C. Scroggins sold 1,050 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total transaction of $131,250.00. Following the completion of the transaction, the insider owned 16,604 shares in the company, valued at approximately $2,075,500. The trade was a 5.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC increased its holdings 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 valued at $27,617,000 after acquiring an additional 223,253 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in 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 purchasing an additional 11,542 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in 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 purchasing an additional 165 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Allison Transmission by 441.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,018 shares of the auto parts company’s stock valued at $97,000 after purchasing an additional 830 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Allison Transmission in the second quarter valued at approximately $6,111,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

About Allison Transmission

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.