Allison Transmission (NYSE:ALSN) PT Raised to $109.00 at Citigroup

Allison Transmission (NYSE:ALSN) had its target price increased by equities research analysts at Citigroup from $97.00 to $109.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the auto parts company’s stock. Citigroup’s price target indicates a potential upside of 9.77% from the stock’s previous close.

ALSN has been the subject of a number of other research reports. Robert W. Baird raised their target price on shares of Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. The Goldman Sachs Group raised their price objective on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research report on Monday, July 29th. StockNews.com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a report on Monday, September 2nd. Finally, Raymond James started coverage on Allison Transmission in a report on Friday, June 28th. They set an “outperform” rating and a $85.00 price target for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $83.71.

Allison Transmission Stock Up 1.5 %

Shares of NYSE:ALSN traded up $1.48 during trading on Wednesday, hitting $99.30. The stock had a trading volume of 551,380 shares, compared to its average volume of 627,028. 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 has a 12 month low of $50.13 and a 12 month high of $100.73. The company has a market capitalization of $8.69 billion, a PE ratio of 13.26, a PEG ratio of 1.64 and a beta of 0.99. The firm’s fifty day moving average is $89.51 and its 200 day moving average is $81.88.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.09. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The business had revenue of $816.00 million during the quarter, compared to the consensus estimate of $799.44 million. During the same quarter in the prior year, the company earned $1.92 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts anticipate that Allison Transmission will post 7.85 EPS for the current fiscal year.

Insider Buying and Selling at Allison Transmission

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

Institutional Investors Weigh In On Allison Transmission

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in shares of Allison Transmission by 1,200.0% during the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after purchasing an additional 336 shares during the period. Triad Wealth Partners LLC bought a new stake in Allison Transmission during the second quarter valued at about $33,000. Fifth Third Bancorp lifted its position in shares of Allison Transmission by 139.8% in the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after acquiring an additional 506 shares in the last quarter. Quent Capital LLC boosted its stake in shares of Allison Transmission by 24.0% in the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after acquiring an additional 172 shares during the period. Finally, Covestor Ltd grew its position in shares of Allison Transmission by 307.2% during the first quarter. Covestor Ltd now owns 965 shares of the auto parts company’s stock worth $78,000 after purchasing an additional 728 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

About Allison Transmission

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.