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

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $100.75.

A number of research analysts recently weighed in on the company. Bank of America lifted their target price on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a report on Wednesday, October 30th. Robert W. Baird lifted their price objective on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group increased their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 12th. Citigroup cut their price target on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Morgan Stanley increased their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th.

Insider Activity

In related news, CEO David S. Graziosi sold 11,590 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $119.44, for a total value of $1,384,309.60. Following the completion of the transaction, the chief executive officer now owns 168,833 shares of the company’s stock, valued at approximately $20,165,413.52. This represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total value of $216,800.00. Following the sale, the senior vice president now owns 6,420 shares in the company, valued at $695,928. This represents a 23.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,639 shares of company stock worth $2,683,537 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

Several institutional investors have recently added to or reduced their stakes in ALSN. SRH Advisors LLC acquired a new position in Allison Transmission during the 4th quarter worth $26,000. Kestra Investment Management LLC bought a new position in shares of Allison Transmission during the fourth quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Allison Transmission in the fourth quarter worth about $31,000. Quarry LP increased its holdings in Allison Transmission by 46.7% in the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after buying an additional 114 shares during the last quarter. Finally, SJS Investment Consulting Inc. raised its stake in Allison Transmission by 1,650.0% during the fourth quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company’s stock valued at $45,000 after buying an additional 396 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Allison Transmission Trading Down 12.4 %

Shares of ALSN stock opened at $100.03 on Thursday. The firm’s 50-day simple moving average is $113.61 and its 200-day simple moving average is $103.66. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. Allison Transmission has a 1-year low of $61.04 and a 1-year high of $122.53. The firm has a market cap of $8.66 billion, a P/E ratio of 12.18, a PEG ratio of 1.82 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.11. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. As a group, equities analysts forecast that Allison Transmission will post 8.22 EPS for the current year.

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.