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

Key Points

• Allison Transmission has a consensus “Hold” rating from eight analysts: six holds, one buy and one strong buy. The average 12-month price target is $131.17 versus a recent price of $118.80.
• Institutional investors own 96.9% of the company, with BlackRock initiating a $448.2 million position and several other major investors increasing their holdings.
• Allison recently exceeded quarterly expectations, reporting $2.73 in adjusted earnings per share on $1.57 billion in revenue, compared with estimates of $2.48 EPS and $1.50 billion in revenue; revenue rose 92.4% year over year.

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) have been given an average rating of "Hold" by the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $131.1667.

A number of analysts have recently weighed in on ALSN shares. Citigroup reduced their target price on shares of Allison Transmission from $135.00 to $125.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 14th. Weiss Ratings lowered shares of Allison Transmission from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday, July 16th. Morgan Stanley upped their price objective on shares of Allison Transmission from $126.00 to $130.00 and gave the stock an "equal weight" rating in a report on Friday, July 17th. JPMorgan Chase & Co. raised their target price on shares of Allison Transmission from $140.00 to $145.00 and gave the company a "neutral" rating in a research note on Monday, July 13th. Finally, Wells Fargo & Company lifted their target price on shares of Allison Transmission from $127.00 to $137.00 and gave the company an "equal weight" rating in a report on Wednesday, May 6th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Allison Transmission in the second quarter worth $448,232,000. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Allison Transmission by 16.4% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,313,661 shares of the auto parts company's stock valued at $324,407,000 after acquiring an additional 466,366 shares in the last quarter. Boston Partners increased its holdings in shares of Allison Transmission by 13.6% during the fourth quarter. Boston Partners now owns 2,316,240 shares of the auto parts company's stock valued at $226,879,000 after acquiring an additional 277,811 shares in the last quarter. Bank of Montreal Can raised its position in shares of Allison Transmission by 4,032.3% in the 4th quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company's stock worth $210,668,000 after purchasing an additional 2,099,797 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Allison Transmission by 85.2% in the 1st quarter. First Trust Advisors LP now owns 2,026,603 shares of the auto parts company's stock worth $237,234,000 after purchasing an additional 932,201 shares during the last quarter. Institutional investors own 96.90% of the company's stock.

Allison Transmission Trading Down 0.1%

ALSN opened at $118.80 on Monday. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07. Allison Transmission has a 52 week low of $76.01 and a 52 week high of $137.62. The stock has a market cap of $9.81 billion, a PE ratio of 18.89, a PEG ratio of 0.65 and a beta of 0.95. The business has a 50 day moving average of $117.12 and a 200-day moving average of $118.19.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share for the quarter, topping the consensus estimate of $2.48 by $0.25. The company had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.50 billion. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The firm's revenue for the quarter was up 92.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.29 earnings per share. Equities research analysts predict that Allison Transmission will post 9.76 earnings per share for the current fiscal year.

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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