Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives $102.63 Average Target Price from Analysts

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have been given a consensus recommendation of “Hold” by the eight ratings firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $101.38.

Several equities research analysts have recently weighed in on ALSN shares. Morgan Stanley upped their price objective on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Bank of America lifted their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a report on Wednesday, October 30th. Citigroup lowered their target price on shares of Allison Transmission from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday. The Goldman Sachs Group boosted their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 12th. Finally, Robert W. Baird raised 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.

Insider Transactions at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction on Friday, November 15th. The stock was sold at an average price of $117.73, for a total transaction of $235,460.00. Following the completion of the sale, the senior vice president now directly owns 8,420 shares of the company’s stock, valued at $991,286.60. The trade was a 19.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David S. Graziosi sold 5,326 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $120.12, for a total value of $639,759.12. Following the completion of the transaction, the chief executive officer now directly owns 168,833 shares in the company, valued at $20,280,219.96. The trade was a 3.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,639 shares of company stock worth $2,683,537 in the last quarter. 1.10% of the stock is owned by company insiders.

Institutional Trading of Allison Transmission

A number of institutional investors and hedge funds have recently modified their holdings of ALSN. FMR LLC grew its holdings in Allison Transmission by 24.3% during the third 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 raised its holdings in shares of Allison Transmission by 1.1% during the second quarter. Renaissance Technologies LLC now owns 3,522,519 shares of the auto parts company’s stock worth $267,359,000 after acquiring an additional 39,700 shares during the period. Geode Capital Management LLC lifted its position in 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 valued at $188,511,000 after acquiring an additional 79,506 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in 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 purchasing an additional 41,168 shares during the period. Finally, State Street Corp increased its holdings in Allison Transmission by 0.8% during the 3rd quarter. State Street Corp now owns 1,682,076 shares of the auto parts company’s stock worth $161,597,000 after purchasing an additional 13,252 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

Allison Transmission Stock Up 1.0 %

Shares of ALSN stock opened at $117.47 on Friday. Allison Transmission has a one year low of $55.81 and a one year high of $122.53. 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 stock has a fifty day moving average price of $114.01 and a 200 day moving average price of $98.67. The stock has a market cap of $10.18 billion, a P/E ratio of 14.31, a price-to-earnings-growth ratio of 1.73 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The company had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the firm earned $1.76 EPS. Analysts predict that Allison Transmission will post 8.26 earnings per share for the current year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Monday, November 18th. Allison Transmission’s dividend payout ratio (DPR) is presently 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.