Allison Transmission (NYSE:ALSN - Free Report) had its price target raised by Robert W. Baird from $84.00 to $87.00 in a research note released on Friday, Benzinga reports. They currently have a neutral rating on the auto parts company's stock.
Several other research analysts have also recently weighed in on ALSN. StockNews.com upgraded Allison Transmission from a buy rating to a strong-buy rating in a report on Wednesday, February 14th. Oppenheimer lifted their price target on Allison Transmission from $67.00 to $90.00 and gave the stock an outperform rating in a report on Tuesday, March 26th. Morgan Stanley initiated coverage on shares of Allison Transmission in a report on Monday, January 8th. They issued an equal weight rating and a $62.00 price objective for the company. The Goldman Sachs Group lifted their target price on shares of Allison Transmission from $55.00 to $63.00 and gave the stock a sell rating in a research note on Tuesday, April 16th. Finally, JPMorgan Chase & Co. raised their price target on shares of Allison Transmission from $70.00 to $78.00 and gave the stock a neutral rating in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $68.25.
Check Out Our Latest Analysis on ALSN
Allison Transmission Price Performance
Shares of ALSN traded down $5.74 during mid-day trading on Friday, hitting $74.52. 1,656,431 shares of the company were exchanged, compared to its average volume of 679,988. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 1.48 and a beta of 1.03. Allison Transmission has a 1-year low of $44.68 and a 1-year high of $83.42. The company has a 50 day moving average of $77.83 and a 200-day moving average of $64.33. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.94 and a current ratio of 2.49.
Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.88 by $0.02. The firm had revenue of $789.00 million during the quarter, compared to analysts' expectations of $772.37 million. Allison Transmission had a return on equity of 60.35% and a net margin of 22.17%. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.85 earnings per share. Analysts expect that Allison Transmission will post 7.74 EPS for the current fiscal year.
Allison Transmission Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given a $0.25 dividend. This is a positive change from Allison Transmission's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.00 dividend on an annualized basis and a yield of 1.34%. Allison Transmission's payout ratio is presently 13.44%.
Insider Transactions at Allison Transmission
In related news, VP Ryan A. Milburn sold 2,598 shares of the business's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $75.40, for a total value of $195,889.20. Following the sale, the vice president now owns 14,456 shares in the company, valued at approximately $1,089,982.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Allison Transmission news, CEO David S. Graziosi sold 76,318 shares of the firm's stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total value of $5,385,761.26. Following the completion of the transaction, the chief executive officer now owns 125,479 shares of the company's stock, valued at approximately $8,855,053.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Ryan A. Milburn sold 2,598 shares of the company's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $75.40, for a total value of $195,889.20. Following the sale, the vice president now directly owns 14,456 shares in the company, valued at approximately $1,089,982.40. The disclosure for this sale can be found here. Insiders sold a total of 87,843 shares of company stock worth $6,244,562 over the last ninety days. Company insiders own 1.10% of the company's stock.
Institutional Investors Weigh In On Allison Transmission
Several large investors have recently bought and sold shares of ALSN. Norges Bank purchased a new stake in shares of Allison Transmission during the 4th quarter worth $56,334,000. Federated Hermes Inc. increased its holdings in shares of Allison Transmission by 62.5% in the 3rd quarter. Federated Hermes Inc. now owns 799,312 shares of the auto parts company's stock valued at $47,207,000 after acquiring an additional 307,322 shares during the last quarter. Vision One Management Partners LP acquired a new stake in shares of Allison Transmission during the 4th quarter worth about $17,848,000. Prevatt Capital Ltd acquired a new stake in shares of Allison Transmission during the 4th quarter worth about $14,538,000. Finally, Invesco Ltd. lifted its stake in Allison Transmission by 17.8% during the third quarter. Invesco Ltd. now owns 1,477,554 shares of the auto parts company's stock worth $87,264,000 after purchasing an additional 222,863 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company's stock.
About Allison Transmission
(
Get Free Report)
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.
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