Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Allison Transmission Holdings, Inc. (NYSE:ALSN) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $131.1667.

Several equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Wells Fargo & Company increased their price target on Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. Morgan Stanley raised their price objective on Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Citigroup reduced their price objective on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. Finally, JPMorgan Chase & Co. upped their target price on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th.

Allison Transmission Stock Up 0.0%

ALSN opened at $125.88 on Monday. Allison Transmission has a 1 year low of $76.01 and a 1 year high of $137.62. The firm has a 50 day moving average price of $117.93 and a 200 day moving average price of $118.69. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81. The company has a market cap of $10.39 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 0.67 and a beta of 0.95.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.25. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the company posted $2.29 earnings per share. Allison Transmission’s revenue was up 92.4% compared to the same quarter last year. Sell-side analysts expect that Allison Transmission will post 9.94 earnings per share for the current year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. Allison Transmission’s dividend payout ratio (DPR) is presently 18.44%.

Insider Buying and Selling

In other Allison Transmission news, insider Eric C. Scroggins sold 1,050 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total value of $131,250.00. Following the completion of the transaction, the insider owned 16,604 shares in the company, valued at $2,075,500. This represents a 5.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

A number of hedge funds have recently made changes to their positions in the company. Freestone Grove Partners LP acquired a new position in shares of Allison Transmission during the second quarter worth $30,741,000. Man Group plc acquired a new stake in Allison Transmission during the 2nd quarter valued at $5,386,000. Jupiter Topco LLC purchased a new stake in Allison Transmission during the 2nd quarter worth $36,097,000. J. Goldman & Co LP purchased a new stake in Allison Transmission during the 2nd quarter worth $15,082,000. Finally, Hsbc Holdings PLC acquired a new position in Allison Transmission in the 2nd quarter worth $7,387,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

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.