Allison Transmission (NYSE:ALSN) Given New $120.00 Price Target at Citigroup

Allison Transmission (NYSE:ALSN) had its price objective trimmed by Citigroup from $130.00 to $120.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the auto parts company’s stock.

Several other research analysts also recently weighed in on ALSN. Bank of America upped their price target on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 26th. The Goldman Sachs Group boosted their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. increased their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, October 11th. Finally, 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 report on Tuesday, December 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Allison Transmission has a consensus rating of “Hold” and a consensus price target of $101.38.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $116.03 on Tuesday. The company has a market capitalization of $10.05 billion, a P/E ratio of 14.13, a P/E/G ratio of 2.03 and a beta of 1.00. Allison Transmission has a 1-year low of $55.81 and a 1-year high of $122.53. The firm’s 50 day simple moving average is $114.04 and its two-hundred day simple moving average is $98.42. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25.

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

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a yield of 0.86%. Allison Transmission’s dividend payout ratio (DPR) is presently 12.18%.

Insider Activity

In related news, SVP John Coll sold 2,000 shares of the stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total value of $216,800.00. Following the sale, the senior vice president now directly owns 6,420 shares of the company’s stock, valued at $695,928. This represents a 23.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David S. Graziosi sold 11,590 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $119.44, for a total value of $1,384,309.60. Following the transaction, the chief executive officer now owns 168,833 shares of the company’s stock, valued at $20,165,413.52. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,639 shares of company stock valued at $2,683,537 in the last ninety days. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Allison Transmission

Several hedge funds and other institutional investors have recently modified their holdings of the business. World Investment Advisors LLC bought a new position in Allison Transmission in the 3rd quarter valued at $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Allison Transmission during the fourth quarter worth $31,000. Quarry LP boosted its stake in shares of Allison Transmission by 46.7% during the third 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 period. Wilmington Savings Fund Society FSB bought a new position in shares of Allison Transmission in the third quarter worth about $67,000. Finally, Venturi Wealth Management LLC increased its stake 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.