Allison Transmission (NYSE:ALSN) Price Target Raised to $115.00

Allison Transmission (NYSE:ALSN) had its price target increased by Oppenheimer from $90.00 to $115.00 in a research note released on Wednesday, Benzinga reports. They currently have an outperform rating on the auto parts company’s stock.

Other analysts have also issued reports about the stock. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Citigroup lifted their target price on shares of Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. increased their price target on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, October 11th. Robert W. Baird lifted their price objective on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, The Goldman Sachs Group increased their target price on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $92.25.

Allison Transmission Stock Up 0.4 %

Shares of Allison Transmission stock opened at $107.27 on Wednesday. The company has a 50-day simple moving average of $94.90 and a two-hundred day simple moving average of $84.29. The stock has a market capitalization of $9.35 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 1.89 and a beta of 0.99. Allison Transmission has a 52-week low of $51.19 and a 52-week high of $109.30. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78.

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 53.66% and a net margin of 22.66%. The firm had revenue of $824.00 million for the quarter, compared to the consensus estimate of $790.08 million. During the same period in the prior year, the company posted $1.76 earnings per share. The company’s quarterly revenue was up 12.0% on a year-over-year basis. On average, analysts anticipate that Allison Transmission will post 8.07 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Monday, August 19th. Allison Transmission’s dividend payout ratio (DPR) is currently 12.18%.

Insider Activity

In related news, VP Thomas Eifert sold 1,741 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $100.00, for a total value of $174,100.00. Following the completion of the sale, the vice president now directly owns 9,601 shares of the company’s stock, valued at approximately $960,100. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was 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 owns 12,420 shares of the company’s stock, valued at $1,129,971.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 that occurred on Monday, October 7th. The shares were sold at an average price of $100.00, for a total value of $174,100.00. Following the sale, the vice president now directly owns 9,601 shares in the company, valued at $960,100. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,741 shares of company stock valued at $546,060 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Allison Transmission

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its position in shares of Allison Transmission by 1.1% during the second quarter. Renaissance Technologies LLC now owns 3,522,519 shares of the auto parts company’s stock worth $267,359,000 after acquiring an additional 39,700 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Allison Transmission by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company’s stock valued at $143,716,000 after purchasing an additional 41,168 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Allison Transmission by 5.9% in the second quarter. Federated Hermes Inc. now owns 906,370 shares of the auto parts company’s stock worth $68,793,000 after purchasing an additional 50,625 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Allison Transmission by 12.8% in the second quarter. Bank of New York Mellon Corp now owns 683,831 shares of the auto parts company’s stock worth $51,903,000 after buying an additional 77,649 shares in the last quarter. Finally, Copeland Capital Management LLC boosted its stake in Allison Transmission by 0.9% during the third quarter. Copeland Capital Management LLC now owns 636,205 shares of the auto parts company’s stock valued at $61,120,000 after buying an additional 5,489 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

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.