Allison Transmission (NYSE:ALSN) Price Target Raised to $125.00

Allison Transmission (NYSE:ALSN) had its target price hoisted by Citigroup from $115.00 to $125.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

ALSN has been the subject of a number of other reports. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Robert W. Baird boosted their price objective on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group boosted their price objective on Allison Transmission from $72.00 to $82.00 and gave the company a “sell” rating in a research report on Friday, November 1st. Bank of America boosted their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. Finally, Oppenheimer boosted their price objective on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $94.25.

Allison Transmission Trading Up 1.3 %

Allison Transmission stock opened at $119.66 on Wednesday. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. Allison Transmission has a 52 week low of $53.09 and a 52 week high of $121.36. The company has a market capitalization of $10.37 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 2.06 and a beta of 0.98. The stock has a 50-day moving average price of $102.59 and a 200 day moving average price of $88.07.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The company had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. During the same period in the previous year, the company posted $1.76 earnings per share. Allison Transmission’s revenue for the quarter was up 12.0% on a year-over-year basis. Sell-side analysts anticipate that Allison Transmission will post 8.21 EPS for the current year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Monday, November 18th. Allison Transmission’s payout ratio is 12.18%.

Insider Buying and Selling

In related news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the sale, the senior vice president now directly owns 12,420 shares in the company, valued at approximately $1,129,971.60. The trade was a 13.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas Eifert sold 1,741 shares of the business’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 in the company, valued at $960,100. This trade represents a 15.35 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,741 shares of company stock worth $781,520. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Allison Transmission

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP boosted 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 worth $34,000 after buying an additional 114 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Allison Transmission by 1,200.0% in 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 last quarter. Triad Wealth Partners LLC acquired a new position in shares of Allison Transmission in the 2nd quarter valued at $33,000. Venturi Wealth Management LLC lifted its stake in shares of Allison Transmission by 27.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock valued at $71,000 after purchasing an additional 162 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Allison Transmission in the 3rd quarter valued at $82,000. Institutional investors and hedge funds 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.