Allison Transmission (NYSE:ALSN) PT Raised to $90.00

Allison Transmission (NYSE:ALSN) had its price objective lifted by Robert W. Baird from $87.00 to $90.00 in a research note published on Friday morning, Benzinga reports. The firm currently has a neutral rating on the auto parts company’s stock.

A number of other research analysts have also recently commented on the company. Citigroup began coverage on Allison Transmission in a research note on Wednesday, June 26th. They set a neutral rating and a $80.00 target price on the stock. The Goldman Sachs Group upped their target price on Allison Transmission from $55.00 to $63.00 and gave the company a sell rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. increased their price objective on Allison Transmission from $70.00 to $78.00 and gave the stock a neutral rating in a research note on Monday, April 15th. StockNews.com raised Allison Transmission from a buy rating to a strong-buy rating in a research note on Friday. Finally, Raymond James began coverage on Allison Transmission in a research note on Friday, June 28th. They issued an outperform rating and a $85.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $75.63.

Allison Transmission Trading Up 4.0 %

Shares of ALSN stock opened at $87.75 on Friday. The company has a market cap of $7.68 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 1.55 and a beta of 1.00. The stock’s 50 day simple moving average is $76.69 and its two-hundred day simple moving average is $73.69. Allison Transmission has a 1 year low of $50.13 and a 1 year high of $88.63. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.51 and a quick ratio of 1.95.

Allison Transmission (NYSE:ALSN) last released its earnings results on Thursday, July 25th. The auto parts company reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.09. The firm had revenue of $816.00 million for the quarter, compared to analysts’ expectations of $799.44 million. Allison Transmission had a return on equity of 54.59% and a net margin of 21.95%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.92 earnings per share. Research analysts predict that Allison Transmission will post 7.69 earnings per share for the current year.

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.00 annualized dividend and a yield of 1.14%. Allison Transmission’s dividend payout ratio (DPR) is presently 13.35%.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total transaction of $940,235.52. Following the sale, the vice president now owns 4,624 shares of the company’s stock, valued at approximately $344,395.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP John Coll sold 2,000 shares of the stock in a transaction on Friday, June 28th. The stock was sold at an average price of $75.06, for a total transaction of $150,120.00. Following the completion of the sale, the senior vice president now owns 14,420 shares in the company, valued at approximately $1,082,365.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Rafael Basso sold 12,624 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $74.48, for a total value of $940,235.52. Following the sale, the vice president now owns 4,624 shares of the company’s stock, valued at approximately $344,395.52. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Quent Capital LLC lifted its holdings in shares of Allison Transmission by 24.0% during the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after purchasing an additional 172 shares during the last quarter. Legacy Financial Advisors Inc. lifted its holdings in shares of Allison Transmission by 2.7% during the 4th quarter. Legacy Financial Advisors Inc. now owns 6,813 shares of the auto parts company’s stock valued at $396,000 after purchasing an additional 180 shares during the last quarter. Miller Howard Investments Inc. NY lifted its holdings in shares of Allison Transmission by 2.1% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company’s stock valued at $676,000 after purchasing an additional 186 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of Allison Transmission by 4.1% during the 2nd quarter. Raymond James Trust N.A. now owns 5,072 shares of the auto parts company’s stock valued at $385,000 after purchasing an additional 200 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its holdings in shares of Allison Transmission by 0.8% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 26,798 shares of the auto parts company’s stock valued at $2,034,000 after purchasing an additional 210 shares during the last quarter. Hedge funds and other 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.