Allison Transmission Holdings Inc (ALSN) Receives Average Recommendation of “Hold” from Brokerages

Shares of Allison Transmission Holdings Inc (NYSE:ALSN) have been given an average rating of “Hold” by the sixteen research firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, seven have assigned a buy recommendation and one has assigned 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 $42.89.

ALSN has been the subject of several research analyst reports. Piper Jaffray Companies reaffirmed an “underweight” rating and issued a $25.00 target price (down from $31.00) on shares of Allison Transmission in a research report on Wednesday, August 30th. Deutsche Bank cut shares of Allison Transmission from a “hold” rating to a “sell” rating and dropped their target price for the stock from $43.00 to $33.00 in a research report on Tuesday, September 5th. ValuEngine raised shares of Allison Transmission from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Longbow Research cut shares of Allison Transmission from a “buy” rating to a “neutral” rating in a research report on Thursday, October 12th. Finally, J P Morgan Chase & Co raised their target price on shares of Allison Transmission from $39.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th.

In other Allison Transmission news, CFO David S. Graziosi sold 39,264 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $37.23, for a total transaction of $1,461,798.72. Following the completion of the sale, the chief financial officer now directly owns 233,387 shares in the company, valued at approximately $8,688,998.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Eric C. Scroggins sold 7,500 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $39.51, for a total transaction of $296,325.00. Following the sale, the vice president now owns 23,480 shares of the company’s stock, valued at $927,694.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 569,466 shares of company stock valued at $24,219,750. 7.90% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in ALSN. Atlantic Trust Group LLC bought a new stake in shares of Allison Transmission in the third quarter worth approximately $1,192,000. Burgundy Asset Management Ltd. grew its stake in shares of Allison Transmission by 6.6% in the third quarter. Burgundy Asset Management Ltd. now owns 5,114,840 shares of the auto parts company’s stock worth $191,960,000 after acquiring an additional 318,821 shares during the period. Algert Global LLC grew its stake in shares of Allison Transmission by 14.2% in the third quarter. Algert Global LLC now owns 67,346 shares of the auto parts company’s stock worth $2,527,000 after acquiring an additional 8,352 shares during the period. Neuberger Berman Group LLC grew its stake in shares of Allison Transmission by 0.4% in the third quarter. Neuberger Berman Group LLC now owns 2,732,598 shares of the auto parts company’s stock worth $102,554,000 after acquiring an additional 10,476 shares during the period. Finally, California Public Employees Retirement System grew its stake in shares of Allison Transmission by 5.3% in the third quarter. California Public Employees Retirement System now owns 433,842 shares of the auto parts company’s stock worth $16,282,000 after acquiring an additional 21,642 shares during the period.

Allison Transmission (ALSN) traded up $0.14 during trading hours on Monday, hitting $43.15. 1,318,183 shares of the stock traded hands, compared to its average volume of 1,327,481. Allison Transmission has a 12-month low of $32.80 and a 12-month high of $45.69. The company has a debt-to-equity ratio of 4.57, a quick ratio of 1.15 and a current ratio of 1.50. The stock has a market cap of $6,097.13, a PE ratio of 19.09, a price-to-earnings-growth ratio of 1.73 and a beta of 1.22.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Monday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.27. Allison Transmission had a net margin of 16.34% and a return on equity of 45.65%. The firm had revenue of $595.00 million during the quarter, compared to analysts’ expectations of $533.53 million. During the same period last year, the company posted $0.27 EPS. The company’s quarterly revenue was up 37.1% compared to the same quarter last year. equities research analysts expect that Allison Transmission will post 2.49 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Monday, November 20th were paid a $0.15 dividend. The ex-dividend date was Friday, November 17th. This represents a $0.60 annualized dividend and a dividend yield of 1.39%. Allison Transmission’s payout ratio is 26.55%.

Allison Transmission declared that its Board of Directors has initiated a stock buyback program on Wednesday, November 8th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the auto parts company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

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Allison Transmission Company Profile

Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).

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