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

Key Points

• Consensus "Hold": Ten analysts give Allison Transmission a consensus rating of Hold (2 sell, 6 hold, 1 buy, 1 strong buy) with an average 12‑month price target of about $114.13.
• High institutional ownership: Hedge funds and other institutional investors own roughly 96.9% of the stock, with notable position increases by Fifth Third Bancorp and HSBC during the latest quarter.
• Insider selling: Insider Eric C. Scroggins sold 1,313 shares at an average of $114.40 (≈$150k), reducing his stake by 6.92%; insiders collectively own about 1.10%.

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) have been given a consensus rating of "Hold" by the ten research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $114.1250.

A number of equities research analysts have issued reports on the company. Oppenheimer upped their price objective on Allison Transmission from $115.00 to $135.00 and gave the company an "outperform" rating in a research report on Tuesday, February 24th. Citigroup upped their price objective on Allison Transmission from $130.00 to $135.00 and gave the company a "neutral" rating in a research report on Monday, April 13th. Wells Fargo & Company upped their price objective on Allison Transmission from $98.00 to $127.00 and gave the company an "equal weight" rating in a research report on Thursday, February 26th. Morgan Stanley upped their price objective 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. Finally, Weiss Ratings downgraded Allison Transmission from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, February 25th.

Insider Buying and Selling at Allison Transmission

In other news, insider Eric C. Scroggins sold 1,313 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $114.40, for a total value of $150,207.20. Following the sale, the insider directly owned 17,654 shares in the company, valued at approximately $2,019,617.60. This represents a 6.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Allison Transmission

Several hedge funds and other institutional investors have recently modified their holdings of the business. Fifth Third Bancorp raised its holdings in shares of Allison Transmission by 48,764.0% in the first quarter. Fifth Third Bancorp now owns 36,648 shares of the auto parts company's stock worth $4,290,000 after buying an additional 36,573 shares during the period. Cedar Mountain Advisors LLC purchased a new stake in shares of Allison Transmission in the first quarter worth approximately $27,000. Hsbc Holdings PLC raised its holdings in shares of Allison Transmission by 46.7% in the first quarter. Hsbc Holdings PLC now owns 223,911 shares of the auto parts company's stock worth $25,861,000 after buying an additional 71,229 shares during the period. Millstone Evans Group LLC purchased a new stake in shares of Allison Transmission in the first quarter worth approximately $26,000. Finally, Kestra Advisory Services LLC raised its holdings in shares of Allison Transmission by 3.6% in the first quarter. Kestra Advisory Services LLC now owns 11,455 shares of the auto parts company's stock worth $1,341,000 after buying an additional 394 shares during the period. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Trading Down 2.1%

Shares of ALSN stock opened at $131.48 on Friday. Allison Transmission has a 1 year low of $76.01 and a 1 year high of $137.62. The company has a debt-to-equity ratio of 1.55, a current ratio of 4.85 and a quick ratio of 4.17. The stock's 50 day simple moving average is $121.93 and its two-hundred day simple moving average is $105.48. The company has a market cap of $10.93 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 0.80 and a beta of 1.01.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Monday, March 9th were issued a $0.29 dividend. The ex-dividend date was Monday, March 9th. This is a positive change from Allison Transmission's previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. Allison Transmission's dividend payout ratio (DPR) is currently 15.83%.

Allison Transmission Company Profile

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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