Allison Transmission (NYSE:ALSN) PT Raised to $100.00

Allison Transmission (NYSE:ALSN) had its price objective raised by JPMorgan Chase & Co. from $80.00 to $100.00 in a research note issued to investors on Friday, Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

ALSN has been the subject of several other research reports. Robert W. Baird raised their price target on Allison Transmission from $87.00 to $90.00 and gave the stock a neutral rating in a report on Friday, July 26th. The Goldman Sachs Group boosted their target price on shares of Allison Transmission from $63.00 to $72.00 and gave the stock a sell rating in a research report on Monday, July 29th. Raymond James started coverage on shares of Allison Transmission in a report on Friday, June 28th. They issued an outperform rating and a $85.00 price target for the company. Citigroup boosted their price objective on shares of Allison Transmission from $97.00 to $109.00 and gave the company a neutral rating in a report on Wednesday, October 9th. Finally, StockNews.com upgraded Allison Transmission from a buy rating to a strong-buy rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $86.86.

Allison Transmission Stock Down 0.4 %

NYSE:ALSN opened at $99.80 on Friday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78. The stock has a market capitalization of $8.73 billion, a P/E ratio of 13.32, a P/E/G ratio of 1.78 and a beta of 0.99. The company’s 50-day simple moving average is $90.62 and its 200-day simple moving average is $82.41. Allison Transmission has a fifty-two week low of $50.13 and a fifty-two week high of $100.73.

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

Allison Transmission Announces Dividend

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

Insiders Place Their Bets

In related news, SVP John Coll sold 2,000 shares of Allison Transmission 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 transaction, the senior vice president now directly owns 12,420 shares in the company, valued at approximately $1,129,971.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP John Coll sold 2,000 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total transaction of $181,960.00. Following the sale, the senior vice president now directly owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Thomas Eifert sold 1,741 shares of Allison Transmission stock in a transaction 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 directly owns 9,601 shares of the company’s stock, valued at $960,100. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,741 shares of company stock valued at $546,060. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

Several institutional investors have recently bought and sold shares of ALSN. Versant Capital Management Inc grew its position in shares of Allison Transmission by 1,200.0% in the second 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 purchased a new stake in Allison Transmission in the 2nd quarter valued at about $33,000. Fifth Third Bancorp boosted its position in shares of Allison Transmission by 139.8% during the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after purchasing an additional 506 shares during the period. Quent Capital LLC grew 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 valued at $68,000 after buying an additional 172 shares in the last quarter. Finally, Covestor Ltd grew its position in Allison Transmission by 307.2% in the 1st quarter. Covestor Ltd now owns 965 shares of the auto parts company’s stock valued at $78,000 after acquiring an additional 728 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

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.