Citigroup Has Lowered Expectations for Allison Transmission (NYSE:ALSN) Stock Price

Allison Transmission (NYSE:ALSN) had its price target dropped by stock analysts at Citigroup from $130.00 to $120.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. Citigroup’s price objective would suggest a potential upside of 3.49% from the stock’s current price.

Other analysts have also issued reports about the stock. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 26th. Bank of America increased their price target on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, October 11th. Morgan Stanley lifted their target price on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Finally, Oppenheimer raised their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $101.38.

Allison Transmission Trading Up 3.3 %

Shares of Allison Transmission stock traded up $3.71 on Tuesday, reaching $115.95. The company had a trading volume of 257,287 shares, compared to its average volume of 403,228. The firm has a market cap of $10.04 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 2.03 and a beta of 1.00. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. The firm’s 50-day moving average price is $113.91 and its two-hundred day moving average price is $98.13. Allison Transmission has a 1 year low of $55.81 and a 1 year high of $122.53.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The company had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. During the same period last year, the company earned $1.76 earnings per share. Allison Transmission’s revenue was up 12.0% on a year-over-year basis. As a group, research analysts predict that Allison Transmission will post 8.21 earnings per share for the current fiscal year.

Insider Transactions at Allison Transmission

In other news, CEO David S. Graziosi sold 5,326 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $120.12, for a total value of $639,759.12. Following the sale, the chief executive officer now directly owns 168,833 shares in the company, valued at approximately $20,280,219.96. This trade represents a 3.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John Coll sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total transaction of $216,800.00. Following the transaction, the senior vice president now owns 6,420 shares of the company’s stock, valued at approximately $695,928. This trade represents a 23.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,639 shares of company stock valued at $2,683,537. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Allison Transmission during the fourth quarter valued at $31,000. Quarry LP grew its stake in Allison Transmission by 46.7% during the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 114 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Allison Transmission in the third quarter valued at about $67,000. City State Bank acquired a new stake in shares of Allison Transmission during the fourth quarter worth about $76,000. Finally, Venturi Wealth Management LLC increased its holdings in Allison Transmission by 27.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock worth $71,000 after buying an additional 162 shares during the period. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

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.