Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives $114.13 Average PT from Brokerages

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have been given a consensus rating of “Hold” by the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $115.3750.

Several equities research analysts have recently weighed in on ALSN shares. Morgan Stanley increased their price objective on Allison Transmission from $109.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday, March 16th. Zacks Research downgraded Allison Transmission from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Wells Fargo & Company increased their price target on Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their price target on Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th.

Allison Transmission Price Performance

ALSN stock opened at $124.34 on Friday. The company has a market capitalization of $10.34 billion, a P/E ratio of 19.34, a PEG ratio of 0.68 and a beta of 1.01. Allison Transmission has a twelve month low of $76.01 and a twelve month high of $137.62. The business has a 50 day simple moving average of $122.33 and a 200-day simple moving average of $106.76. The company has a current ratio of 4.85, a quick ratio of 4.17 and a debt-to-equity ratio of 1.55.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Monday, May 4th. The auto parts company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.47. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. Allison Transmission had a return on equity of 37.93% and a net margin of 14.88%.The company’s revenue was up 83.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.23 earnings per share. As a group, equities analysts anticipate that Allison Transmission will post 9.68 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 18th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. Allison Transmission’s dividend payout ratio (DPR) is currently 18.04%.

Insider Buying and Selling at Allison Transmission

In related news, insider Eric C. Scroggins sold 1,313 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $114.40, for a total transaction of $150,207.20. Following the completion of the sale, the insider directly owned 17,654 shares of the company’s stock, valued at $2,019,617.60. This trade represents a 6.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Allison Transmission

Several hedge funds have recently modified their holdings of the stock. Inscription Capital LLC lifted its holdings in shares of Allison Transmission by 0.7% during the fourth quarter. Inscription Capital LLC now owns 14,337 shares of the auto parts company’s stock worth $1,404,000 after purchasing an additional 95 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Allison Transmission by 16.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 732 shares of the auto parts company’s stock worth $72,000 after purchasing an additional 105 shares during the period. Villanova Investment Management Co LLC lifted its holdings in shares of Allison Transmission by 0.4% during the fourth quarter. Villanova Investment Management Co LLC now owns 26,089 shares of the auto parts company’s stock worth $2,554,000 after purchasing an additional 106 shares during the period. Xponance LLC raised its position in Allison Transmission by 2.0% in the fourth quarter. Xponance LLC now owns 5,535 shares of the auto parts company’s stock worth $542,000 after acquiring an additional 107 shares in the last quarter. Finally, Kathmere Capital Management LLC raised its position in Allison Transmission by 4.6% in the fourth quarter. Kathmere Capital Management LLC now owns 2,643 shares of the auto parts company’s stock worth $259,000 after acquiring an additional 116 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

About Allison Transmission

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.