Allison Transmission (NYSE:ALSN) Price Target Raised to $125.00 at Citigroup

Allison Transmission (NYSE:ALSN) had its target price boosted by Citigroup from $115.00 to $125.00 in a research report released on Wednesday morning,Benzinga reports. Citigroup currently has a neutral rating on the auto parts company’s stock.

Other equities research analysts also recently issued reports about the company. Bank of America upped their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. Robert W. Baird raised their price target on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. The Goldman Sachs Group raised their target price on shares of Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a report on Friday, November 1st. Finally, Oppenheimer upped their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $94.25.

Allison Transmission Stock Down 0.6 %

Shares of ALSN stock opened at $115.30 on Wednesday. The company’s fifty day simple moving average is $101.37 and its two-hundred day simple moving average is $87.67. Allison Transmission has a 52 week low of $53.00 and a 52 week high of $121.36. The stock has a market cap of $9.99 billion, a P/E ratio of 14.04, a PEG ratio of 2.06 and a beta of 0.98. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48.

Allison Transmission (NYSE:ALSN) last posted its earnings results 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. The company had revenue of $824.00 million for the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.76 earnings per share. Analysts predict 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 will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th will be paid a $0.25 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.87%. Allison Transmission’s dividend payout ratio is currently 12.18%.

Insider Transactions at Allison Transmission

In other 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 transaction of $174,100.00. Following the transaction, the vice president now directly owns 9,601 shares in the company, valued at approximately $960,100. This trade represents a 15.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Coll sold 2,000 shares of the business’s 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 of the company’s stock, valued at $1,129,971.60. This trade represents a 13.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,741 shares of company stock valued at $781,520. 0.93% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ALSN. TD Private Client Wealth LLC raised its stake in shares of Allison Transmission by 26.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,380 shares of the auto parts company’s stock worth $325,000 after acquiring an additional 708 shares in the last quarter. Geode Capital Management LLC grew its holdings in Allison Transmission by 4.2% in the third quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock worth $188,511,000 after purchasing an additional 79,506 shares during the last quarter. Vestcor Inc increased its position in shares of Allison Transmission by 5.5% during the third quarter. Vestcor Inc now owns 8,750 shares of the auto parts company’s stock worth $841,000 after purchasing an additional 459 shares in the last quarter. Barclays PLC lifted its holdings in shares of Allison Transmission by 23.4% during the 3rd quarter. Barclays PLC now owns 61,449 shares of the auto parts company’s stock valued at $5,902,000 after purchasing an additional 11,666 shares during the last quarter. Finally, XTX Topco Ltd boosted its position in shares of Allison Transmission by 100.7% in the 3rd quarter. XTX Topco Ltd now owns 17,819 shares of the auto parts company’s stock worth $1,712,000 after purchasing an additional 8,941 shares in the last quarter. 96.90% of the stock is currently 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.