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

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $94.25.

Several analysts have issued reports on ALSN shares. Citigroup upped their target price on Allison Transmission from $115.00 to $125.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 20th. Robert W. Baird lifted their target price on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Bank of America upped their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. raised their price target on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, October 11th.

Insiders Place Their Bets

In other Allison Transmission news, CEO David S. Graziosi sold 5,326 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $120.12, for a total transaction of $639,759.12. Following the transaction, the chief executive officer now owns 168,833 shares in the company, valued at approximately $20,280,219.96. This represents a 3.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas Eifert sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $95.00, for a total value of $190,000.00. Following the completion of the transaction, the vice president now owns 9,601 shares of the company’s stock, valued at approximately $912,095. The trade was a 17.24 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,067 shares of company stock worth $1,239,319. 0.93% of the stock is currently owned by corporate insiders.

Institutional Trading of Allison Transmission

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quadrature Capital Ltd bought a new stake in Allison Transmission during the first quarter worth about $1,664,000. Price T Rowe Associates Inc. MD boosted its position in shares of Allison Transmission by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 48,486 shares of the auto parts company’s stock worth $3,936,000 after purchasing an additional 2,326 shares in the last quarter. Robotti Robert grew its stake in shares of Allison Transmission by 0.8% in the 1st quarter. Robotti Robert now owns 59,993 shares of the auto parts company’s stock worth $4,869,000 after buying an additional 485 shares during the last quarter. Caxton Associates LP increased its position in Allison Transmission by 419.0% during the 1st quarter. Caxton Associates LP now owns 37,654 shares of the auto parts company’s stock valued at $3,056,000 after buying an additional 30,399 shares in the last quarter. Finally, Bayesian Capital Management LP purchased a new position in Allison Transmission during the first quarter valued at $949,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $118.52 on Friday. The company’s fifty day moving average price is $105.08 and its 200-day moving average price is $89.37. 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 firm has a market capitalization of $10.27 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 2.12 and a beta of 0.98. Allison Transmission has a one year low of $53.09 and a one year high of $122.53.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The business had revenue of $824.00 million for the quarter, compared to the consensus estimate of $790.08 million. During the same quarter last year, the business posted $1.76 earnings per share. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities research analysts anticipate that Allison Transmission will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.84%. The ex-dividend date was Monday, November 18th. Allison Transmission’s dividend payout ratio (DPR) is currently 12.18%.

Allison Transmission Company Profile

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.