Shares of Allison Transmission Holdings Inc (NYSE:ALSN) have been given an average rating of “Hold” by the sixteen analysts that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $45.75.
Several equities research analysts have recently commented on ALSN shares. Stifel Nicolaus raised their target price on shares of Allison Transmission from $53.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Zacks Investment Research cut shares of Allison Transmission from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. Bank of America lifted their price target on shares of Allison Transmission from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Tuesday, July 31st. Piper Jaffray Companies set a $26.00 price target on shares of Allison Transmission and gave the company a “sell” rating in a research report on Tuesday, July 31st. Finally, Credit Suisse Group lifted their price target on shares of Allison Transmission from $48.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, August 1st.
Shares of NYSE:ALSN traded down $0.03 on Wednesday, hitting $53.41. The company had a trading volume of 18,853 shares, compared to its average volume of 883,061. Allison Transmission has a 1 year low of $34.63 and a 1 year high of $53.55. The company has a current ratio of 1.43, a quick ratio of 1.05 and a debt-to-equity ratio of 4.19. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 20.12, a P/E/G ratio of 1.21 and a beta of 1.30.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Monday, August 20th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 17th. This represents a $0.60 dividend on an annualized basis and a yield of 1.12%. Allison Transmission’s dividend payout ratio (DPR) is currently 22.56%.
In other Allison Transmission news, Director Lawrence E. Dewey sold 111,459 shares of the firm’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $51.77, for a total transaction of $5,770,232.43. Following the completion of the sale, the director now directly owns 400,133 shares in the company, valued at approximately $20,714,885.41. 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 4,940 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $47.34, for a total transaction of $233,859.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 393,604 shares of company stock valued at $20,280,466. 8.40% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in ALSN. Townsend & Associates Inc bought a new stake in Allison Transmission during the 2nd quarter valued at about $111,000. Sun Life Financial INC bought a new stake in Allison Transmission during the 2nd quarter valued at about $115,000. Moneta Group Investment Advisors LLC increased its stake in Allison Transmission by 96.4% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 4,095 shares of the auto parts company’s stock valued at $166,000 after purchasing an additional 2,010 shares in the last quarter. Smithfield Trust Co. bought a new stake in Allison Transmission during the 1st quarter valued at about $189,000. Finally, Sigma Planning Corp bought a new stake in Allison Transmission during the 2nd quarter valued at about $232,000.
Allison Transmission Company Profile
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 13 transmission product lines with approximately 100 product models for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
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