Allison Transmission (NYSE:ALSN) Price Target Raised to $94.00

Allison Transmission (NYSE:ALSN) had its target price upped by The Goldman Sachs Group from $82.00 to $94.00 in a research note issued to investors on Thursday,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the auto parts company’s stock.

Other equities analysts have also issued research reports about the stock. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. raised 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. Oppenheimer increased their price target on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Bank of America lifted their price objective on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. Finally, Citigroup increased their price target on shares of Allison Transmission from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Two investment 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 company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $96.38.

Allison Transmission Trading Up 0.0 %

Allison Transmission stock opened at $116.51 on Thursday. Allison Transmission has a 12-month low of $55.19 and a 12-month high of $122.53. The stock has a market capitalization of $10.09 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 2.03 and a beta of 0.98. The firm has a 50 day simple moving average of $110.27 and a 200-day simple moving average of $92.83. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $790.08 million. During the same quarter in the previous year, the business earned $1.76 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, equities research analysts expect that Allison Transmission will post 8.21 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were given a dividend of $0.25 per share. The ex-dividend date was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.86%. Allison Transmission’s payout ratio is currently 12.18%.

Insider Activity

In other Allison Transmission news, CEO David S. Graziosi sold 11,590 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $119.44, for a total value of $1,384,309.60. Following the sale, the chief executive officer now owns 168,833 shares of the company’s stock, valued at $20,165,413.52. This trade represents a 6.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $117.73, for a total value of $235,460.00. Following the completion of the transaction, the senior vice president now directly owns 8,420 shares in the company, valued at approximately $991,286.60. This represents a 19.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,380 shares of company stock valued at $2,830,837 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Allison Transmission

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Glenmede Trust Co. NA lifted its holdings in shares of Allison Transmission by 4.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company’s stock worth $9,333,000 after acquiring an additional 4,261 shares during the period. CWA Asset Management Group LLC acquired a new position in Allison Transmission in the third quarter worth about $947,000. Oppenheimer & Co. Inc. lifted its stake in Allison Transmission by 133.0% during the third quarter. Oppenheimer & Co. Inc. now owns 13,917 shares of the auto parts company’s stock worth $1,337,000 after purchasing an additional 7,944 shares during the period. Tri Ri Asset Management Corp acquired a new stake in Allison Transmission during the third quarter valued at approximately $5,932,000. Finally, Van ECK Associates Corp grew its stake in shares of Allison Transmission by 87.6% in the 2nd quarter. Van ECK Associates Corp now owns 65,578 shares of the auto parts company’s stock valued at $4,978,000 after purchasing an additional 30,629 shares during the period. 96.90% of the stock is currently owned by 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.