Allison Transmission Holdings, Inc. (NYSE:ALSN) Given Average Rating of “Hold” by Analysts

Allison Transmission Holdings, Inc. (NYSE:ALSN) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $97.3750.

Several research analysts have commented on ALSN shares. Zacks Research raised Allison Transmission from a “strong sell” rating to a “hold” rating in a research note on Friday, September 19th. Weiss Ratings restated a “buy (b-)” rating on shares of Allison Transmission in a report on Wednesday, October 8th. Wall Street Zen cut Allison Transmission from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. Citigroup cut their price target on Allison Transmission from $105.00 to $100.00 and set a “neutral” rating on the stock in a report on Tuesday, June 24th. Finally, JPMorgan Chase & Co. cut their price target on Allison Transmission from $95.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th.

Hedge Funds Weigh In On Allison Transmission

A number of large investors have recently modified their holdings of the company. Compound Planning Inc. lifted its holdings in shares of Allison Transmission by 5.3% in the 1st quarter. Compound Planning Inc. now owns 2,180 shares of the auto parts company’s stock worth $209,000 after purchasing an additional 109 shares in the last quarter. Callan Family Office LLC increased its holdings in Allison Transmission by 5.1% in the 1st quarter. Callan Family Office LLC now owns 2,606 shares of the auto parts company’s stock worth $249,000 after acquiring an additional 126 shares during the last quarter. KBC Group NV increased its holdings in Allison Transmission by 3.7% in the 1st quarter. KBC Group NV now owns 3,596 shares of the auto parts company’s stock worth $344,000 after acquiring an additional 127 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in Allison Transmission by 2.1% in the 2nd quarter. Verdence Capital Advisors LLC now owns 6,258 shares of the auto parts company’s stock worth $594,000 after acquiring an additional 131 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Allison Transmission by 9.8% in the 1st quarter. GAMMA Investing LLC now owns 1,550 shares of the auto parts company’s stock worth $148,000 after purchasing an additional 138 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Down 1.1%

Shares of NYSE ALSN opened at $80.80 on Tuesday. The company has a current ratio of 3.36, a quick ratio of 2.64 and a debt-to-equity ratio of 1.37. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 9.18 and a beta of 1.01. Allison Transmission has a 12 month low of $79.35 and a 12 month high of $122.53. The stock has a 50-day moving average price of $86.73 and a two-hundred day moving average price of $91.75.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Monday, August 4th. The auto parts company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.20 by $0.09. The firm had revenue of $814.00 million during the quarter, compared to the consensus estimate of $811.05 million. Allison Transmission had a return on equity of 45.56% and a net margin of 23.81%.The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.13 earnings per share. Allison Transmission has set its FY 2025 guidance at EPS. As a group, analysts forecast that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Wednesday, August 20th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Wednesday, August 20th. Allison Transmission’s dividend payout ratio (DPR) is currently 12.27%.

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.