Allison Transmission Holdings, Inc. (NYSE:ALSN) Given Consensus Recommendation of “Hold” by Brokerages

Allison Transmission Holdings, Inc. (NYSE:ALSN) has received a consensus rating of “Hold” from the nine ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $120.2857.

ALSN has been the topic of a number of analyst reports. Morgan Stanley increased their price objective on shares of Allison Transmission from $117.00 to $126.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 13th. Weiss Ratings downgraded shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 21st. Citigroup increased their price objective on shares of Allison Transmission from $130.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Zacks Research downgraded shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, Oppenheimer increased their price objective on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 24th.

Insider Transactions at Allison Transmission

In other news, insider Eric C. Scroggins sold 1,313 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $114.40, for a total value of $150,207.20. Following the completion of the transaction, the insider owned 17,654 shares of the company’s stock, valued at approximately $2,019,617.60. This represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott A. Mell sold 2,270 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $125.00, for a total transaction of $283,750.00. Following the completion of the transaction, the chief financial officer directly owned 1,053 shares of the company’s stock, valued at $131,625. This trade represents a 68.31% decrease in their position. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ALSN. Rossby Financial LCC lifted its holdings in shares of Allison Transmission by 107.0% in the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 153 shares during the last quarter. Millstone Evans Group LLC acquired a new stake in shares of Allison Transmission during the first quarter valued at about $26,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Allison Transmission during the first quarter valued at about $27,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Allison Transmission during the first quarter valued at about $28,000. Finally, Larson Financial Group LLC boosted its stake in shares of Allison Transmission by 536.7% during the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 263 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Trading Up 4.0%

Shares of Allison Transmission stock opened at $116.15 on Wednesday. The company has a market capitalization of $9.63 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 0.60 and a beta of 0.94. The company has a quick ratio of 1.18, a current ratio of 1.85 and a debt-to-equity ratio of 2.23. Allison Transmission has a 12-month low of $76.01 and a 12-month high of $137.62. The firm’s 50-day moving average price is $121.14 and its two-hundred day moving average price is $110.70.

Allison Transmission (NYSE:ALSN) last announced 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. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.38 billion. Allison Transmission had a net margin of 14.88% and a return on equity of 37.50%. The business’s revenue for the quarter was up 83.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.23 earnings per share. On average, analysts forecast that Allison Transmission will post 9.96 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were issued a $0.29 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.0%. Allison Transmission’s dividend payout ratio is 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.