Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives $94.25 Consensus PT from Brokerages

Allison Transmission Holdings, Inc. (NYSE:ALSN) has received a consensus recommendation of “Hold” from the eight research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $94.25.

ALSN has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of Allison Transmission from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Robert W. Baird boosted their price objective on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Bank of America boosted their price objective on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. Finally, Oppenheimer boosted their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th.

Allison Transmission Trading Down 0.4 %

Shares of Allison Transmission stock opened at $119.20 on Friday. Allison Transmission has a 1 year low of $53.09 and a 1 year high of $122.53. The firm has a market cap of $10.33 billion, a PE ratio of 14.56, a PEG ratio of 2.13 and a beta of 0.98. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. The company has a 50 day simple moving average of $103.23 and a two-hundred day simple moving average of $88.56.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The firm had revenue of $824.00 million during the quarter, compared to analyst estimates of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.76 EPS. Analysts expect that Allison Transmission will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.84%. Allison Transmission’s dividend payout ratio is currently 12.18%.

Insider Activity at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $117.73, for a total transaction of $235,460.00. Following the transaction, the senior vice president now directly owns 8,420 shares of the company’s stock, valued at approximately $991,286.60. The trade was a 19.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas Eifert sold 1,741 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $100.00, for a total transaction of $174,100.00. Following the transaction, the vice president now directly owns 9,601 shares in the company, valued at approximately $960,100. The trade was a 15.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,741 shares of company stock worth $781,520 in the last three months. 0.93% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC increased its position in Allison Transmission by 24.3% during the 3rd quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock valued at $1,224,479,000 after purchasing an additional 2,493,310 shares during the period. Renaissance Technologies LLC grew its position in shares of Allison Transmission by 1.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,522,519 shares of the auto parts company’s stock worth $267,359,000 after buying an additional 39,700 shares during the period. Geode Capital Management LLC grew its position in shares of Allison Transmission by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock worth $188,511,000 after buying an additional 79,506 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Allison Transmission by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company’s stock worth $143,716,000 after buying an additional 41,168 shares during the period. Finally, State Street Corp grew its position in shares of Allison Transmission by 0.8% in the 3rd quarter. State Street Corp now owns 1,682,076 shares of the auto parts company’s stock worth $161,597,000 after buying an additional 13,252 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

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.