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

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

Several research firms have weighed in on ALSN. JPMorgan Chase & Co. lowered their price target on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Robert W. Baird lowered their price target on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Raymond James Financial lowered their price target on Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Wall Street Zen cut Allison Transmission from a "buy" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, Morgan Stanley raised their price target on Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th.

Insider Buying and Selling at Allison Transmission

In related news, VP Ryan A. Milburn sold 3,412 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total transaction of $359,078.88. Following the transaction, the vice president directly owned 11,924 shares in the company, valued at $1,254,881.76. This trade represents a 22.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Allison Transmission

Several institutional investors and hedge funds have recently bought and sold shares of ALSN. Proficio Capital Partners LLC bought a new position in Allison Transmission during the 4th quarter worth approximately $42,000. Jones Financial Companies Lllp lifted its stake in shares of Allison Transmission by 298.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,880 shares of the auto parts company's stock valued at $203,000 after purchasing an additional 1,408 shares during the period. Victory Capital Management Inc. raised its stake in Allison Transmission by 21.2% during the fourth quarter. Victory Capital Management Inc. now owns 297,113 shares of the auto parts company's stock valued at $32,106,000 after buying an additional 51,965 shares during the last quarter. Arizona State Retirement System raised its stake in Allison Transmission by 0.4% during the fourth quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company's stock valued at $2,733,000 after buying an additional 100 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Allison Transmission during the fourth quarter valued at $41,081,000. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Performance

NYSE:ALSN traded up $0.16 during trading on Friday, reaching $97.87. The company's stock had a trading volume of 828,293 shares, compared to its average volume of 669,187. The firm has a market cap of $8.25 billion, a price-to-earnings ratio of 11.33 and a beta of 0.96. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.37 and a current ratio of 3.05. The firm has a 50 day moving average of $99.21 and a 200-day moving average of $101.56. Allison Transmission has a 12 month low of $74.28 and a 12 month high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.26. The company had revenue of $766.00 million during the quarter, compared to the consensus estimate of $792.18 million. Allison Transmission had a return on equity of 46.97% and a net margin of 23.55%. The firm's quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.90 EPS. Research analysts expect that Allison Transmission will post 9.06 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.10%. Allison Transmission's dividend payout ratio is 12.50%.

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.