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

Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) has received an average recommendation of "Hold" from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $99.00.

ALSN has been the subject of a number of analyst reports. Citigroup cut their price objective on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday, June 24th. The Goldman Sachs Group upped their price target on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. Wall Street Zen lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. JPMorgan Chase & Co. dropped their price target on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Morgan Stanley upped their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th.

Allison Transmission Trading Down 0.2%

Shares of NYSE:ALSN traded down $0.23 during trading on Friday, reaching $94.64. The stock had a trading volume of 711,424 shares, compared to its average volume of 672,585. The business has a fifty day moving average price of $99.32 and a 200-day moving average price of $101.38. The company has a quick ratio of 2.37, a current ratio of 3.05 and a debt-to-equity ratio of 1.44. The stock has a market cap of $7.97 billion, a P/E ratio of 10.95 and a beta of 0.96. Allison Transmission has a fifty-two week low of $74.31 and a fifty-two week high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.97 by $0.26. The business had revenue of $766.00 million during the quarter, compared to analyst estimates of $792.18 million. Allison Transmission had a net margin of 23.55% and a return on equity of 46.97%. The company's revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.90 earnings per share. As a group, analysts anticipate that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Monday, May 19th. Allison Transmission's payout ratio is currently 12.50%.

Insider Activity

In other news, VP Ryan A. Milburn sold 3,412 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total value of $359,078.88. Following the completion of the sale, the vice president owned 11,924 shares of the company's stock, valued at $1,254,881.76. This represents a 22.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Allison Transmission

Large investors have recently made changes to their positions in the business. 111 Capital acquired a new stake in shares of Allison Transmission in the fourth quarter worth $599,000. Jefferies Financial Group Inc. purchased a new position in shares of Allison Transmission in the fourth quarter valued at $901,000. Public Employees Retirement System of Ohio boosted its stake in shares of Allison Transmission by 35.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 57,788 shares of the auto parts company's stock valued at $6,245,000 after purchasing an additional 14,994 shares during the period. EAM Investors LLC purchased a new position in shares of Allison Transmission in the fourth quarter valued at $5,766,000. Finally, Teacher Retirement System of Texas boosted its stake in shares of Allison Transmission by 14.5% in the fourth quarter. Teacher Retirement System of Texas now owns 53,014 shares of the auto parts company's stock valued at $5,729,000 after purchasing an additional 6,728 shares during the period. Institutional investors and hedge funds own 96.90% of the company's stock.

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.