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

Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) has been given an average rating of "Hold" by the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $99.00.

ALSN has been the subject of a number of research reports. Robert W. Baird dropped their target price on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their target price on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Citigroup dropped their target price on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday, June 24th. The Goldman Sachs Group upped their target price on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. Finally, Morgan Stanley upped their target price on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th.

Allison Transmission Stock Performance

ALSN opened at $97.87 on Friday. The firm has a market cap of $8.25 billion, a P/E ratio of 11.33 and a beta of 0.96. Allison Transmission has a 1-year low of $74.28 and a 1-year high of $122.53. The company has a 50 day simple moving average of $99.21 and a two-hundred day simple moving average of $101.60. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.05 and a quick ratio of 2.37.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.97 by $0.26. The business had revenue of $766.00 million during the quarter, compared to analyst estimates of $792.18 million. Allison Transmission had a net margin of 23.55% and a return on equity of 46.97%. The company's revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.90 earnings per share. Equities analysts forecast that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Monday, May 19th. Allison Transmission's payout ratio is 12.50%.

Insider Transactions at Allison Transmission

In related news, VP Ryan A. Milburn sold 3,412 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total transaction of $359,078.88. Following the sale, the vice president owned 11,924 shares of the company's stock, valued at $1,254,881.76. This represents a 22.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Allison Transmission

A number of hedge funds have recently bought and sold shares of ALSN. 111 Capital bought a new stake in shares of Allison Transmission in the 4th quarter worth about $599,000. Jefferies Financial Group Inc. bought a new position in shares of Allison Transmission during the fourth quarter valued at approximately $901,000. Public Employees Retirement System of Ohio grew its stake in shares of Allison Transmission by 35.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 57,788 shares of the auto parts company's stock valued at $6,245,000 after buying an additional 14,994 shares during the last quarter. EAM Investors LLC bought a new position in shares of Allison Transmission during the fourth quarter valued at approximately $5,766,000. Finally, Teacher Retirement System of Texas grew its stake in shares of Allison Transmission by 14.5% during the fourth quarter. Teacher Retirement System of Texas now owns 53,014 shares of the auto parts company's stock valued at $5,729,000 after buying an additional 6,728 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.

Allison Transmission Company Profile

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.

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