Allison Transmission (NYSE:ALSN) Price Target Raised to $115.00 at Oppenheimer

Allison Transmission (NYSE:ALSN) had its target price lifted by Oppenheimer from $90.00 to $115.00 in a research note released on Wednesday, Benzinga reports. They currently have an outperform rating on the auto parts company’s stock.

Other equities analysts have also recently issued research reports about the company. The Goldman Sachs Group boosted their target price on Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a research report on Monday, July 29th. Citigroup upped their price objective on Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday, October 9th. Robert W. Baird boosted their target price on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, October 11th. Finally, StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Allison Transmission presently has an average rating of “Hold” and a consensus target price of $91.00.

Allison Transmission Trading Up 7.9 %

NYSE:ALSN opened at $108.11 on Wednesday. Allison Transmission has a 12-month low of $50.13 and a 12-month high of $109.30. The company has a current ratio of 2.78, a quick ratio of 2.19 and a debt-to-equity ratio of 1.62. The stock’s 50 day simple moving average is $94.20 and its 200-day simple moving average is $83.94. The firm has a market cap of $9.46 billion, a P/E ratio of 14.43, a PEG ratio of 1.78 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The company had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. Allison Transmission’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.76 EPS. Equities analysts anticipate that Allison Transmission will post 7.85 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 19th. This represents a $1.00 annualized dividend and a dividend yield of 0.92%. Allison Transmission’s dividend payout ratio is currently 13.35%.

Insider Activity at Allison Transmission

In other news, VP Thomas Eifert sold 2,000 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $95.00, for a total value of $190,000.00. Following the completion of the transaction, the vice president now directly owns 9,601 shares of the company’s stock, valued at $912,095. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 5,741 shares of company stock valued at $546,060. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Allison Transmission

Several hedge funds and other institutional investors have recently bought and sold shares of ALSN. Private Advisor Group LLC boosted its stake in Allison Transmission by 4.4% in the 3rd quarter. Private Advisor Group LLC now owns 3,972 shares of the auto parts company’s stock worth $382,000 after buying an additional 167 shares during the last quarter. Quent Capital LLC boosted its holdings in shares of Allison Transmission by 24.0% in the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after purchasing an additional 172 shares during the last quarter. Miller Howard Investments Inc. NY grew its stake in shares of Allison Transmission by 2.1% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company’s stock valued at $676,000 after buying an additional 186 shares during the period. Americana Partners LLC increased its holdings in shares of Allison Transmission by 3.9% during the 2nd quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company’s stock worth $385,000 after buying an additional 191 shares during the last quarter. Finally, Raymond James Trust N.A. raised its position in shares of Allison Transmission by 4.1% in the 2nd quarter. Raymond James Trust N.A. now owns 5,072 shares of the auto parts company’s stock worth $385,000 after buying an additional 200 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

Allison Transmission Company Profile

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.