Allison Transmission (NYSE:ALSN) Price Target Raised to $100.00 at Morgan Stanley

Allison Transmission (NYSE:ALSN - Free Report) had its price target boosted by Morgan Stanley from $94.00 to $100.00 in a research report released on Tuesday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the auto parts company's stock.

Several other research analysts have also recently weighed in on ALSN. JPMorgan Chase & Co. decreased their price target on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Robert W. Baird decreased their target price on Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Raymond James dropped their price target on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. StockNews.com raised shares of Allison Transmission from a "hold" rating to a "buy" rating in a report on Friday, May 2nd. Finally, Citigroup dropped their target price on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $98.63.

Allison Transmission Stock Down 0.8 %

Shares of NYSE:ALSN traded down $0.83 on Tuesday, hitting $97.89. 22,967 shares of the company traded hands, compared to its average volume of 637,265. The stock has a 50 day simple moving average of $93.68 and a 200-day simple moving average of $105.37. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. The company has a market cap of $8.25 billion, a PE ratio of 11.78 and a beta of 0.97. Allison Transmission has a 52 week low of $71.49 and a 52 week high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.97 by $0.26. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. The business had revenue of $766.00 million during the quarter, compared to analyst estimates of $792.18 million. During the same period last year, the business earned $1.90 EPS. Allison Transmission's revenue was down 2.9% compared to the same quarter last year. As a group, research analysts expect that Allison Transmission will post 9.06 earnings per share for the current year.

Allison Transmission declared that its Board of Directors has approved a share buyback program on Thursday, February 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the auto parts company to reacquire up to 57.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board believes its shares are undervalued.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.08 dividend on an annualized basis and a yield of 1.10%. Allison Transmission's dividend payout ratio (DPR) is presently 12.50%.

Insider Activity at Allison Transmission

In other news, SVP John Coll sold 1,788 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total value of $170,450.04. Following the transaction, the senior vice president now directly owns 15,388 shares in the company, valued at approximately $1,466,938.04. This represents a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Ryan A. Milburn sold 4,546 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $96.20, for a total transaction of $437,325.20. Following the completion of the transaction, the vice president now owns 14,138 shares in the company, valued at $1,360,075.60. This represents a 24.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC lifted its position in shares of Allison Transmission by 23.4% in the 3rd quarter. Barclays PLC now owns 61,449 shares of the auto parts company's stock worth $5,902,000 after purchasing an additional 11,666 shares during the period. World Investment Advisors LLC purchased a new stake in Allison Transmission during the third quarter worth $29,000. Wilmington Savings Fund Society FSB bought a new stake in Allison Transmission during the 3rd quarter valued at $67,000. Franklin Resources Inc. increased its holdings in shares of Allison Transmission by 46.8% in the 3rd quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company's stock valued at $24,955,000 after acquiring an additional 79,745 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Allison Transmission by 36.7% in the 4th quarter. GAMMA Investing LLC now owns 1,412 shares of the auto parts company's stock worth $153,000 after acquiring an additional 379 shares in the last quarter. 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.