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

Key Points

• Allison Transmission has received a consensus recommendation of "Hold" from ten research firms, with price targets ranging around $98.38 for the next 12 months.
• Institutional investors own approximately 96.90% of Allison Transmission, with significant investments from entities like Norges Bank and Qube Research & Technologies.
• The company reported $2.29 EPS for the latest quarter, beating expectations, with a revenue of $814 million, although it indicated a slight year-over-year decline.

Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) has been given an average rating of "Hold" by the ten research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $98.3750.

Several equities analysts have commented on ALSN shares. Bank of America upped their price target on Allison Transmission from $74.00 to $79.00 and gave the company an "underperform" rating in a report on Monday, June 16th. Citigroup lowered their price objective on Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 24th. Raymond James Financial lowered their price objective on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a research note on Monday, July 21st. Weiss Ratings reiterated a "buy (b-)" rating on shares of Allison Transmission in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded Allison Transmission from a "strong sell" rating to a "hold" rating in a research note on Friday, September 19th.

Institutional Investors Weigh In On Allison Transmission

Large investors have recently modified their holdings of the stock. Norges Bank bought a new stake in Allison Transmission during the 2nd quarter worth approximately $100,347,000. Qube Research & Technologies Ltd grew its position in Allison Transmission by 128.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,215,897 shares of the auto parts company's stock worth $115,498,000 after acquiring an additional 683,035 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in Allison Transmission by 109.1% during the 1st 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 acquiring an additional 484,916 shares during the last quarter. Federated Hermes Inc. grew its position in Allison Transmission by 35.7% during the 2nd quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company's stock worth $146,740,000 after acquiring an additional 406,540 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Allison Transmission during the 2nd quarter worth approximately $31,740,000. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Trading Up 1.6%

Allison Transmission stock opened at $80.75 on Tuesday. The business has a 50 day moving average price of $87.17 and a two-hundred day moving average price of $92.14. The company has a quick ratio of 2.64, a current ratio of 3.36 and a debt-to-equity ratio of 1.37. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 9.18 and a beta of 1.01. Allison Transmission has a 12 month low of $79.36 and a 12 month high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.20 by $0.09. The firm had revenue of $814.00 million during the quarter, compared to analysts' expectations of $811.05 million. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The company's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.13 EPS. Allison Transmission has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Allison Transmission will post 9.06 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Wednesday, August 20th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Wednesday, August 20th. Allison Transmission's dividend payout ratio is currently 12.27%.

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.