Allison Transmission (NYSE:ALSN) Price Target Raised to $108.00

Allison Transmission (NYSE:ALSN) had its target price boosted by Robert W. Baird from $103.00 to $108.00 in a report released on Wednesday, Benzinga reports. Robert W. Baird currently has a neutral rating on the auto parts company’s stock.

A number of other research firms have also issued reports on ALSN. JPMorgan Chase & Co. increased their target price on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. The Goldman Sachs Group increased their price target on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research report on Monday, July 29th. Finally, Citigroup boosted their price objective on Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $92.25.

Allison Transmission Stock Up 0.4 %

NYSE:ALSN opened at $107.27 on Wednesday. Allison Transmission has a 52 week low of $51.19 and a 52 week high of $109.30. The stock’s fifty day moving average is $94.90 and its two-hundred day moving average is $84.29. The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 1.89 and a beta of 0.99. The company has a quick ratio of 2.19, a current ratio of 2.78 and a debt-to-equity ratio of 1.62.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The company had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. Allison Transmission had a return on equity of 53.66% and a net margin of 22.66%. Allison Transmission’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the business posted $1.76 EPS. Research analysts anticipate that Allison Transmission will post 8.07 EPS for the current year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.93%. The ex-dividend date was Monday, August 19th. Allison Transmission’s payout ratio is 12.18%.

Insider Activity at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total transaction of $181,960.00. Following the sale, the senior vice president now owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Thomas Eifert sold 1,741 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the transaction, the vice president now owns 9,601 shares in the company, valued at $960,100. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP John Coll sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the completion of the sale, the senior vice president now owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,741 shares of company stock valued at $546,060 over the last three months. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Allison Transmission

A number of hedge funds have recently modified their holdings of the business. Diversified Trust Co acquired a new stake in Allison Transmission during the 1st quarter worth $372,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Allison Transmission by 108.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 259,311 shares of the auto parts company’s stock worth $21,046,000 after buying an additional 135,194 shares during the period. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of Allison Transmission during the first quarter worth about $1,342,000. Principal Financial Group Inc. increased its position in Allison Transmission by 23.6% in the 1st quarter. Principal Financial Group Inc. now owns 7,695 shares of the auto parts company’s stock valued at $625,000 after acquiring an additional 1,467 shares during the period. Finally, HB Wealth Management LLC raised its stake in Allison Transmission by 19.8% during the 1st quarter. HB Wealth Management LLC now owns 4,668 shares of the auto parts company’s stock valued at $379,000 after acquiring an additional 772 shares during the last quarter. 96.90% of the stock is currently 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.