Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN – Get Free Report) have been given a consensus recommendation of “Hold” by the eight analysts that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $127.1667.
ALSN has been the topic of several research reports. Citigroup boosted their target price on Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Morgan Stanley boosted their target price on Allison Transmission from $117.00 to $126.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Weiss Ratings lowered Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, June 18th. Wells Fargo & Company boosted their target price on Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Zacks Research lowered Allison Transmission from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th.
Read Our Latest Stock Report on ALSN
Insider Activity at Allison Transmission
Institutional Trading of Allison Transmission
A number of institutional investors have recently modified their holdings of ALSN. Fuller & Thaler Asset Management Inc. boosted its stake in Allison Transmission by 16.4% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,313,661 shares of the auto parts company’s stock worth $324,407,000 after purchasing an additional 466,366 shares during the period. Boston Partners boosted its stake in Allison Transmission by 13.6% in the 4th quarter. Boston Partners now owns 2,316,240 shares of the auto parts company’s stock worth $226,879,000 after purchasing an additional 277,811 shares during the period. Bank of Montreal Can boosted its stake in Allison Transmission by 4,032.3% in the 4th quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock worth $210,668,000 after purchasing an additional 2,099,797 shares during the period. First Trust Advisors LP boosted its stake in Allison Transmission by 85.2% in the 1st quarter. First Trust Advisors LP now owns 2,026,603 shares of the auto parts company’s stock worth $237,234,000 after purchasing an additional 932,201 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Allison Transmission by 18.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,915,887 shares of the auto parts company’s stock worth $181,741,000 after purchasing an additional 304,974 shares during the period. 96.90% of the stock is currently owned by hedge funds and other institutional investors.
Allison Transmission Stock Performance
ALSN stock opened at $120.23 on Friday. Allison Transmission has a 12-month low of $76.01 and a 12-month high of $137.62. The business has a 50 day moving average of $120.61 and a 200-day moving average of $114.85. The company has a quick ratio of 1.18, a current ratio of 1.85 and a debt-to-equity ratio of 2.23. The firm has a market cap of $9.97 billion, a PE ratio of 18.70, a P/E/G ratio of 0.65 and a beta of 0.94.
Allison Transmission (NYSE:ALSN – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The auto parts company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.47. Allison Transmission had a net margin of 14.88% and a return on equity of 37.50%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company posted $2.23 earnings per share. The firm’s quarterly revenue was up 83.6% compared to the same quarter last year. As a group, sell-side analysts expect that Allison Transmission will post 9.86 earnings per share for the current year.
Allison Transmission Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Monday, May 18th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Monday, May 18th. Allison Transmission’s dividend payout ratio is presently 18.04%.
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.
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