Allison Transmission (NYSE:ALSN) Price Target Raised to $109.00

Allison Transmission (NYSE:ALSN) had its price objective upped by Citigroup from $97.00 to $109.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

Other equities analysts have also recently issued research reports about the stock. Robert W. Baird lifted their target price on shares of Allison Transmission from $87.00 to $90.00 and gave the stock a neutral rating in a research report on Friday, July 26th. The Goldman Sachs Group upped their price objective on Allison Transmission from $63.00 to $72.00 and gave the company a sell rating in a research note on Monday, July 29th. StockNews.com cut Allison Transmission from a strong-buy rating to a buy rating in a research note on Monday, September 2nd. Finally, Raymond James assumed coverage on shares of Allison Transmission in a research report on Friday, June 28th. They set an outperform rating and a $85.00 price target for the company. One analyst has rated the stock with a sell rating, four have issued 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 stock currently has an average rating of Hold and a consensus target price of $86.86.

Allison Transmission Stock Up 2.1 %

ALSN stock opened at $100.25 on Wednesday. The stock’s 50 day moving average is $90.27 and its 200-day moving average is $82.26. Allison Transmission has a twelve month low of $50.13 and a twelve month high of $100.73. The firm has a market capitalization of $8.77 billion, a PE ratio of 13.38, a P/E/G ratio of 1.78 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 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. The firm had revenue of $816.00 million for the quarter, compared to the consensus estimate of $799.44 million. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.92 EPS. Sell-side analysts expect that Allison Transmission will post 7.85 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a $0.25 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.00%. Allison Transmission’s payout ratio is 13.35%.

Insider Activity at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of Allison Transmission 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 transaction, the senior vice president now directly owns 12,420 shares in the company, valued at approximately $1,129,971.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Thomas Eifert sold 1,741 shares of the business’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 transaction of $174,100.00. Following the completion of the transaction, the vice president now owns 9,601 shares of the company’s stock, valued at approximately $960,100. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Coll sold 2,000 shares of the 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 owns 12,420 shares in the company, valued at $1,129,971.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,741 shares of company stock worth $546,060. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in 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 worth $28,000 after acquiring an additional 336 shares during the last quarter. Triad Wealth Partners LLC purchased a new stake in Allison Transmission in the second quarter valued at approximately $33,000. Fifth Third Bancorp lifted its position in Allison Transmission by 139.8% during the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock valued at $66,000 after purchasing an additional 506 shares during the last quarter. Quent Capital LLC grew its stake in Allison Transmission by 24.0% in the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after buying an additional 172 shares in the last quarter. Finally, Covestor Ltd increased its holdings in shares of Allison Transmission by 307.2% in the 1st quarter. Covestor Ltd now owns 965 shares of the auto parts company’s stock worth $78,000 after buying an additional 728 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

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.