Allison Transmission Holdings, Inc. (NYSE:ALSN) Given Average Rating of "Hold" by Brokerages

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) have received a consensus recommendation of "Hold" from the eight brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $98.63.

A number of analysts have recently weighed in on ALSN shares. Morgan Stanley raised their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price objective on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Raymond James decreased their target price on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. StockNews.com raised shares of Allison Transmission from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Citigroup reduced their target price on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th.

Allison Transmission Trading Up 1.1%

Shares of ALSN opened at $106.29 on Friday. Allison Transmission has a twelve month low of $71.49 and a twelve month high of $122.53. The company has a market cap of $8.96 billion, a P/E ratio of 12.79 and a beta of 0.97. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. The company's fifty day simple moving average is $94.52 and its 200-day simple moving average is $105.57.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, topping the consensus estimate of $1.97 by $0.26. The company had revenue of $766.00 million for the quarter, compared to the consensus estimate of $792.18 million. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. The firm's revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.90 EPS. As a group, analysts expect that Allison Transmission will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.08 dividend on an annualized basis and a yield of 1.02%. Allison Transmission's dividend payout ratio is currently 12.50%.

Allison Transmission declared that its Board of Directors has initiated a share repurchase program on Thursday, February 20th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the auto parts company to reacquire up to 57.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

Insider Transactions at Allison Transmission

In other news, SVP John Coll sold 1,788 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total transaction of $170,450.04. Following the completion of the sale, the senior vice president now owns 15,388 shares in the company, valued at approximately $1,466,938.04. The trade was a 10.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Ryan A. Milburn sold 4,546 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the completion of the sale, the vice president now owns 14,138 shares of the company's stock, valued at approximately $1,360,075.60. This trade represents a 24.33% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Allison Transmission

Institutional investors have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P boosted its position in shares of Allison Transmission by 301.1% in the 4th quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company's stock worth $257,046,000 after buying an additional 1,785,687 shares in the last quarter. Norges Bank purchased a new stake in shares of Allison Transmission during the fourth quarter worth about $108,916,000. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Allison Transmission by 109.1% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 929,434 shares of the auto parts company's stock worth $88,919,000 after buying an additional 484,916 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Allison Transmission during the fourth quarter worth about $41,081,000. Finally, FMR LLC grew its holdings in shares of Allison Transmission by 1.9% during the fourth quarter. FMR LLC now owns 12,993,015 shares of the auto parts company's stock worth $1,404,025,000 after buying an additional 247,318 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company's stock.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.