Allison Transmission Holdings, Inc. (NYSE:ALSN – Get Free Report) has received an average rating of “Moderate Buy” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $131.57.
Several research firms have commented on ALSN. JPMorgan Chase & Co. decreased their price objective on shares of Allison Transmission from $145.00 to $142.00 and set a “neutral” rating on the stock in a report on Thursday, October 8th. Freedom Broker began coverage on shares of Allison Transmission in a report on Friday, October 2nd. They set a “buy” rating and a $144.00 target price for the company. Weiss Ratings upgraded shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Zacks Research raised shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Finally, Citigroup raised shares of Allison Transmission from a “neutral” rating to a “buy” rating and set a $135.00 price target on the stock in a report on Monday, October 12th.
View Our Latest Stock Report on ALSN
Allison Transmission Price Performance
Shares of NYSE ALSN opened at $107.86 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07. The business’s 50 day moving average price is $117.78 and its two-hundred day moving average price is $118.28. The company has a market cap of $8.91 billion, a PE ratio of 12.74, a price-to-earnings-growth ratio of 0.58 and a beta of 0.98. Allison Transmission has a twelve month low of $78.19 and a twelve month high of $137.62.
Allison Transmission (NYSE:ALSN – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.25. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the firm posted $2.29 earnings per share. The business’s revenue was up 92.4% on a year-over-year basis. On average, analysts predict that Allison Transmission will post 10.25 EPS for the current year.
Allison Transmission Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were paid a dividend of $0.29 per share. The ex-dividend date was Friday, August 21st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.1%. Allison Transmission’s dividend payout ratio (DPR) is 18.44%.
Insider Activity at Allison Transmission
In related news, insider Eric Scroggins sold 1,050 shares of Allison Transmission stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total transaction of $131,250.00. Following the completion of the sale, the insider directly owned 16,604 shares of the company’s stock, valued at approximately $2,075,500. This trade represents a 5.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David Graziosi sold 26,708 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $132.97, for a total value of $3,551,362.76. Following the completion of the sale, the chief executive officer owned 304,843 shares of the company’s stock, valued at $40,534,973.71. This trade represents a 8.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.10% of the company’s stock.
Hedge Funds Weigh In On Allison Transmission
Hedge funds have recently bought and sold shares of the business. Millstone Evans Group LLC bought a new stake in Allison Transmission in the first quarter valued at approximately $26,000. Cedar Mountain Advisors LLC bought a new stake in Allison Transmission in the first quarter valued at $27,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Allison Transmission during the first quarter valued at about $28,000. Mather Group LLC. raised its holdings in shares of Allison Transmission by 68.2% during the third quarter. Mather Group LLC. now owns 291 shares of the auto parts company’s stock valued at $33,000 after purchasing an additional 118 shares during the period. Finally, Persistent Asset Partners Ltd bought a new position in shares of Allison Transmission during the 2nd quarter worth about $43,000. 96.90% of the stock is owned by institutional investors.
About Allison Transmission
Allison Transmission, Inc designs and manufactures propulsion solutions for commercial, defense and off-highway vehicles. The company is best known for its fully automatic transmissions, which are used in applications including refuse collection, construction, distribution, emergency services, public transportation and mining.
Its product portfolio also includes electric and hybrid-electric propulsion systems, including the eGen Power electric axle and other electrification technologies.
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