Allison Transmission (NYSE:ALSN) Given New $130.00 Price Target at Citigroup

Allison Transmission (NYSE:ALSN) had its target price upped by Citigroup from $125.00 to $130.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

A number of other brokerages also recently weighed in on ALSN. Bank of America upped their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. Oppenheimer upped their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Robert W. Baird increased their price objective on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Finally, StockNews.com downgraded shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Monday, December 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Allison Transmission currently has a consensus rating of “Hold” and an average price target of $94.88.

Allison Transmission Stock Performance

ALSN opened at $113.84 on Monday. Allison Transmission has a 52-week low of $54.97 and a 52-week high of $122.53. The firm has a market capitalization of $9.86 billion, a PE ratio of 13.87, a PEG ratio of 2.09 and a beta of 0.98. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83. The business’s 50-day simple moving average is $108.86 and its 200 day simple moving average is $91.83.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.26. The firm had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.76 earnings per share. As a group, sell-side analysts expect that Allison Transmission will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Monday, November 18th. Allison Transmission’s dividend payout ratio is currently 12.18%.

Insider Activity

In related news, CEO David S. Graziosi sold 5,326 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $120.12, for a total transaction of $639,759.12. Following the transaction, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at $20,280,219.96. This trade represents a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas Eifert sold 2,000 shares of Allison Transmission stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $95.00, for a total transaction of $190,000.00. Following the completion of the sale, the vice president now directly owns 9,601 shares in the company, valued at approximately $912,095. This represents a 17.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,380 shares of company stock worth $2,830,837 over the last three months. 0.93% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Allison Transmission

Hedge funds have recently bought and sold shares of the company. Quarry LP grew its stake in Allison Transmission by 46.7% during the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after acquiring an additional 114 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in Allison Transmission in the 2nd quarter worth approximately $33,000. Wilmington Savings Fund Society FSB purchased a new position in Allison Transmission in the 3rd quarter worth approximately $67,000. Venturi Wealth Management LLC grew its stake in Allison Transmission by 27.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock worth $71,000 after buying an additional 162 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in Allison Transmission in the 3rd quarter worth approximately $82,000. Hedge funds and other 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.