Analysts Set Allison Transmission Holdings, Inc. (NYSE:ALSN) Price Target at $99.25

Allison Transmission Holdings, Inc. (NYSE:ALSN) has received a consensus recommendation of “Hold” from the ten brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $102.00.

Several brokerages recently commented on ALSN. Morgan Stanley upped their target price on Allison Transmission from $97.00 to $109.00 and gave the company an “equal weight” rating in a research report on Friday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Allison Transmission in a research report on Wednesday. Raymond James Financial boosted their target price on shares of Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Monday, December 22nd. JPMorgan Chase & Co. raised their price target on shares of Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Finally, Citigroup increased their price objective on shares of Allison Transmission from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th.

Allison Transmission Price Performance

Shares of ALSN opened at $109.52 on Thursday. The business has a 50-day moving average of $97.51 and a 200-day moving average of $90.19. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.82 and a quick ratio of 3.06. The company has a market capitalization of $9.12 billion, a price-to-earnings ratio of 13.42 and a beta of 0.98. Allison Transmission has a 1 year low of $76.01 and a 1 year high of $120.28.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.32). The firm had revenue of $693.00 million during the quarter, compared to the consensus estimate of $779.97 million. Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. The company’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.27 earnings per share. As a group, equities research analysts anticipate that Allison Transmission will post 9.06 earnings per share for the current year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were issued a dividend of $0.27 per share. The ex-dividend date was Friday, November 21st. This represents a $1.08 annualized dividend and a dividend yield of 1.0%. Allison Transmission’s payout ratio is currently 13.24%.

Insiders Place Their Bets

In other news, SVP John Coll sold 1,791 shares of the stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total value of $176,932.89. Following the completion of the sale, the senior vice president directly owned 10,021 shares of the company’s stock, valued at $989,974.59. This represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Kathmere Capital Management LLC increased its position in shares of Allison Transmission by 4.6% during the fourth quarter. Kathmere Capital Management LLC now owns 2,643 shares of the auto parts company’s stock valued at $259,000 after acquiring an additional 116 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of Allison Transmission by 2.1% in the 2nd quarter. Verdence Capital Advisors LLC now owns 6,258 shares of the auto parts company’s stock worth $594,000 after buying an additional 131 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Allison Transmission by 3.9% in the 4th quarter. GAMMA Investing LLC now owns 3,514 shares of the auto parts company’s stock worth $344,000 after buying an additional 132 shares during the last quarter. M&T Bank Corp grew its position in Allison Transmission by 3.8% during the second quarter. M&T Bank Corp now owns 3,786 shares of the auto parts company’s stock valued at $360,000 after buying an additional 138 shares during the period. Finally, Tealwood Asset Management Inc. increased its holdings in Allison Transmission by 0.5% during the fourth quarter. Tealwood Asset Management Inc. now owns 29,006 shares of the auto parts company’s stock worth $2,840,000 after buying an additional 142 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

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.