Allison Transmission Holdings, Inc. (NYSE:ALSN) Stock Has Consensus Target Price of $131.17 According to Analysts

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $133.00.

ALSN has been the topic of a number of research reports. 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 report on Monday, July 13th. Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Freedom Broker began coverage on Allison Transmission in a research note on Friday. They issued a “buy” rating and a $144.00 target price on the stock. Citigroup dropped their price target on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Finally, Morgan Stanley increased their price target on Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th.

Insider Activity

In other news, insider Eric Scroggins sold 1,050 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total value of $131,250.00. Following the sale, the insider owned 16,604 shares of the company’s stock, valued at $2,075,500. The trade was a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David Graziosi sold 26,708 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $132.97, for a total transaction of $3,551,362.76. Following the sale, the chief executive officer owned 304,843 shares in the company, valued at $40,534,973.71. The trade was a 8.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Allison Transmission

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Allison Transmission in the second quarter valued at approximately $448,232,000. Stockbridge Partners LLC purchased a new position in Allison Transmission in the 2nd quarter worth approximately $169,108,000. Norges Bank purchased a new position in Allison Transmission in the 4th quarter worth approximately $115,674,000. First Trust Advisors LP increased its holdings in shares of Allison Transmission by 85.2% in the 1st quarter. First Trust Advisors LP now owns 2,026,603 shares of the auto parts company’s stock worth $237,234,000 after buying an additional 932,201 shares during the last quarter. Finally, Wasatch Advisors LP raised its position in shares of Allison Transmission by 105.7% during the 2nd quarter. Wasatch Advisors LP now owns 1,510,496 shares of the auto parts company’s stock valued at $170,293,000 after buying an additional 776,169 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Trading Down 1.6%

NYSE ALSN opened at $116.05 on Tuesday. The business’s fifty day moving average is $122.32 and its 200-day moving average is $120.31. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.81 and a quick ratio of 1.17. The stock has a market capitalization of $9.58 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 0.62 and a beta of 0.98. Allison Transmission has a one year low of $76.01 and a one year high of $137.62.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.25. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The firm’s revenue for the quarter was up 92.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.29 earnings per share. Equities research analysts predict that Allison Transmission will post 10.27 EPS for the current year.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 21st were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Friday, August 21st. Allison Transmission’s dividend payout ratio (DPR) is currently 18.44%.

About Allison Transmission

Allison Transmission Holdings, Inc designs and manufactures fully automatic transmissions and propulsion solutions for commercial and defense vehicles. Its products are used in a broad range of applications, including refuse and construction trucks, buses, distribution vehicles, emergency vehicles, motorhomes, and off-highway equipment.

The company’s portfolio includes conventional automatic transmissions, hybrid-electric propulsion systems, and electric axles and other solutions intended to support vehicle electrification.