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

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) have been assigned an average rating of "Hold" from the eight analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $98.13.

A number of brokerages have issued reports on ALSN. JPMorgan Chase & Co. decreased their target price on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Morgan Stanley increased their price target on Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Raymond James dropped their price objective on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Robert W. Baird reduced their target price on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Finally, The Goldman Sachs Group raised their price target on Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th.

Allison Transmission Stock Performance

NYSE:ALSN traded up $0.69 during mid-day trading on Wednesday, hitting $102.24. 692,211 shares of the stock were exchanged, compared to its average volume of 647,380. The firm's 50-day simple moving average is $96.63 and its 200 day simple moving average is $104.13. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of 12.30 and a beta of 1.00. Allison Transmission has a fifty-two week low of $71.49 and a fifty-two week high of $122.53. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its 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. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. The company had revenue of $766.00 million during the quarter, compared to the consensus estimate of $792.18 million. During the same quarter last year, the firm earned $1.90 earnings per share. The company's revenue was down 2.9% on a year-over-year basis. As a group, equities analysts anticipate that Allison Transmission will post 9.06 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were given a dividend of $0.27 per share. The ex-dividend date was Monday, May 19th. This represents a $1.08 annualized dividend and a dividend yield of 1.06%. Allison Transmission's dividend payout ratio is currently 12.50%.

Allison Transmission announced that its board has authorized a share repurchase plan on Thursday, February 20th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the auto parts company to repurchase up to 57.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its stock is undervalued.

Insider Activity at Allison Transmission

In related news, SVP John Coll sold 1,788 shares of Allison Transmission 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 sale, the senior vice president now directly owns 15,388 shares in the company, valued at $1,466,938.04. This trade represents a 10.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Ryan A. Milburn sold 3,412 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 11,924 shares of the company's stock, valued at approximately $1,254,881.76. This trade represents a 22.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Transce3nd LLC acquired a new stake in shares of Allison Transmission in the fourth quarter valued at about $25,000. SRH Advisors LLC bought a new stake in Allison Transmission in the fourth quarter valued at approximately $26,000. Kestra Investment Management LLC acquired a new stake in Allison Transmission during the 4th quarter valued at approximately $30,000. Vermillion Wealth Management Inc. bought a new position in Allison Transmission during the 4th quarter worth approximately $31,000. Finally, SVB Wealth LLC acquired a new position in shares of Allison Transmission in the 1st quarter worth approximately $33,000. 96.90% of the stock is owned by institutional investors and hedge funds.

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.