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

Key Points

• Consensus "Hold": Eleven brokerages give Allison Transmission a consensus "Hold" (2 sell, 7 hold, 1 buy, 1 strong buy) with an average 12‑month price target of $112, even as Morgan Stanley, JPMorgan and Wells Fargo raised targets (to $117, $115 and $127 respectively) while Weiss and Zacks downgraded.
• Insider and institutional activity: Insider Eric C. Scroggins sold 1,313 shares for roughly $150,207, insiders now own 1.10% of the stock, and institutional investors hold 96.90% of shares outstanding.

Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) has received a consensus recommendation of "Hold" from the eleven brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $112.00.

ALSN has been the subject of a number of recent analyst reports. Morgan Stanley upped their target price on Allison Transmission from $109.00 to $117.00 and gave the company an "equal weight" rating in a research report on Monday, March 16th. JPMorgan Chase & Co. upped their target price on Allison Transmission from $87.00 to $115.00 and gave the company a "neutral" rating in a research report on Wednesday, January 14th. Weiss Ratings downgraded Allison Transmission from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, February 25th. Wells Fargo & Company raised their price objective on Allison Transmission from $98.00 to $127.00 and gave the company an "equal weight" rating in a research note on Thursday, February 26th. Finally, Zacks Research cut Allison Transmission from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 24th.

Insider Activity

In other news, insider Eric C. Scroggins sold 1,313 shares of the business's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $114.40, for a total value of $150,207.20. Following the transaction, the insider owned 17,654 shares in the company, valued at approximately $2,019,617.60. The trade was a 6.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Allison Transmission

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Corient Private Wealth LLC boosted its position in Allison Transmission by 37.9% during the fourth quarter. Corient Private Wealth LLC now owns 55,561 shares of the auto parts company's stock valued at $5,440,000 after acquiring an additional 15,267 shares during the last quarter. Rehmann Capital Advisory Group boosted its position in Allison Transmission by 6.8% during the fourth quarter. Rehmann Capital Advisory Group now owns 13,005 shares of the auto parts company's stock valued at $1,276,000 after acquiring an additional 831 shares during the last quarter. Villanova Investment Management Co LLC boosted its position in Allison Transmission by 0.4% during the fourth quarter. Villanova Investment Management Co LLC now owns 26,089 shares of the auto parts company's stock valued at $2,554,000 after acquiring an additional 106 shares during the last quarter. Kera Capital Partners Inc. grew its stake in Allison Transmission by 139.2% during the fourth quarter. Kera Capital Partners Inc. now owns 8,369 shares of the auto parts company's stock worth $910,000 after purchasing an additional 4,870 shares during the period. Finally, Cambient Family Office LLC acquired a new stake in Allison Transmission during the fourth quarter worth approximately $314,000. Institutional investors and hedge funds own 96.90% of the company's stock.

Allison Transmission Stock Performance

NYSE:ALSN opened at $117.54 on Tuesday. The stock has a fifty day moving average price of $116.49 and a 200-day moving average price of $100.15. The company has a market cap of $9.77 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 0.77 and a beta of 0.97. The company has a debt-to-equity ratio of 1.55, a quick ratio of 4.17 and a current ratio of 4.85. Allison Transmission has a fifty-two week low of $76.01 and a fifty-two week high of $128.85.

Allison Transmission Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Monday, March 9th were given a $0.29 dividend. This is an increase from Allison Transmission's previous quarterly dividend of $0.27. The ex-dividend date was Monday, March 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.0%. Allison Transmission's dividend payout ratio is presently 15.83%.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company's products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison's core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.

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