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

by · The Cerbat Gem

Allison Transmission (NYSE:ALSNFree Report) had its target price raised by JPMorgan Chase & Co. from $87.00 to $115.00 in a report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

Several other research firms have also issued reports on ALSN. Weiss Ratings lowered shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Zacks Research raised Allison Transmission from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. Citigroup lifted their price target on Allison Transmission from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday. Wells Fargo & Company initiated coverage on Allison Transmission in a research report on Thursday, November 13th. They set an “equal weight” rating and a $85.00 price objective for the company. Finally, Raymond James Financial lifted their target price on Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a research report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $99.25.

Get Our Latest Analysis on ALSN

Allison Transmission Stock Down 1.0%

Shares of NYSE ALSN opened at $110.39 on Wednesday. The stock has a market capitalization of $9.19 billion, a P/E ratio of 13.53 and a beta of 0.98. The stock’s fifty day moving average is $94.70 and its 200 day moving average is $89.76. Allison Transmission has a 52 week low of $76.01 and a 52 week high of $121.81. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.06 and a current ratio of 3.82.

Allison Transmission (NYSE:ALSNGet Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.95 by ($0.32). Allison Transmission had a return on equity of 40.46% and a net margin of 22.78%.The firm had revenue of $693.00 million for the quarter, compared to the consensus estimate of $779.97 million. During the same period in the prior year, the company earned $2.27 EPS. The company’s revenue for the quarter was down 15.9% compared to the same quarter last year. Sell-side analysts forecast that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.08 annualized dividend and a dividend yield of 1.0%. Allison Transmission’s dividend payout ratio (DPR) is 13.24%.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 1,791 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total value of $176,932.89. Following the completion of the transaction, the senior vice president owned 10,021 shares of the company’s stock, valued at $989,974.59. This represents a 15.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Allison Transmission

Hedge funds and other institutional investors have recently made changes to their positions in the company. Kendall Capital Management increased its stake in shares of Allison Transmission by 4.5% in the fourth quarter. Kendall Capital Management now owns 16,730 shares of the auto parts company’s stock valued at $1,638,000 after buying an additional 720 shares during the period. Blue Trust Inc. increased its position in Allison Transmission by 3.6% in the 4th quarter. Blue Trust Inc. now owns 4,531 shares of the auto parts company’s stock valued at $444,000 after acquiring an additional 159 shares during the period. Linden Thomas Advisory Services LLC increased its position in Allison Transmission by 2.0% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 28,613 shares of the auto parts company’s stock valued at $2,801,000 after acquiring an additional 566 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Allison Transmission by 138.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,772 shares of the auto parts company’s stock valued at $565,000 after acquiring an additional 3,349 shares during the last quarter. Finally, AMI Investment Management Inc. lifted its holdings in shares of Allison Transmission by 3.3% during the fourth quarter. AMI Investment Management Inc. now owns 30,201 shares of the auto parts company’s stock worth $2,957,000 after purchasing an additional 970 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Company Profile

(Get Free Report)

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.

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