Allison Transmission Holdings Inc (NYSE:ALSN) has been given an average recommendation of “Hold” by the ten research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $48.50.
ALSN has been the topic of several recent analyst reports. Morgan Stanley decreased their price objective on shares of Allison Transmission from $50.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 17th. Citigroup reduced their target price on shares of Allison Transmission from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Zacks Investment Research cut shares of Allison Transmission from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research report on Friday, January 3rd. TheStreet cut shares of Allison Transmission from a “b-” rating to a “c+” rating in a research report on Thursday, March 19th. Finally, Raymond James increased their target price on shares of Allison Transmission from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Monday, January 27th.
Hedge funds have recently made changes to their positions in the business. FMR LLC increased its holdings in Allison Transmission by 78.0% during the 4th quarter. FMR LLC now owns 10,904,548 shares of the auto parts company’s stock valued at $526,908,000 after acquiring an additional 4,779,836 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Allison Transmission by 1.0% during the fourth quarter. LSV Asset Management now owns 5,380,126 shares of the auto parts company’s stock valued at $259,967,000 after acquiring an additional 51,735 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Allison Transmission by 26.9% during the fourth quarter. Renaissance Technologies LLC now owns 4,873,319 shares of the auto parts company’s stock valued at $235,479,000 after acquiring an additional 1,032,059 shares during the period. Standard Life Aberdeen plc acquired a new position in shares of Allison Transmission during the fourth quarter valued at $182,424,000. Finally, FIL Ltd boosted its holdings in shares of Allison Transmission by 19.0% during the fourth quarter. FIL Ltd now owns 2,387,933 shares of the auto parts company’s stock valued at $115,386,000 after acquiring an additional 380,569 shares during the period. 96.99% of the stock is owned by institutional investors.
Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Wednesday, February 19th. The auto parts company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.18. The firm had revenue of $617.00 million for the quarter, compared to the consensus estimate of $596.79 million. Allison Transmission had a net margin of 22.39% and a return on equity of 81.36%. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 EPS. Sell-side analysts forecast that Allison Transmission will post 3.87 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Monday, March 9th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.14%. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.15. Allison Transmission’s dividend payout ratio is currently 13.99%.
About Allison Transmission
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 12 transmission product lines 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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