Allison Transmission (NYSE:ALSN) PT Raised to $78.00

Allison Transmission (NYSE:ALSN) had its target price hoisted by JPMorgan Chase & Co. from $70.00 to $78.00 in a research report report published on Monday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the auto parts company’s stock.

Other analysts have also issued research reports about the company. Robert W. Baird upped their price objective on Allison Transmission from $63.00 to $68.00 and gave the stock a neutral rating in a research report on Wednesday, February 14th. StockNews.com raised Allison Transmission from a buy rating to a strong-buy rating in a research report on Wednesday, February 14th. The Goldman Sachs Group upped their price objective on Allison Transmission from $48.00 to $55.00 and gave the stock a sell rating in a research report on Thursday, February 15th. Oppenheimer increased their target price on Allison Transmission from $67.00 to $90.00 and gave the company an outperform rating in a report on Tuesday, March 26th. Finally, Morgan Stanley started coverage on Allison Transmission in a report on Monday, January 8th. They issued an equal weight rating and a $62.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Allison Transmission has an average rating of Hold and a consensus target price of $64.88.

Allison Transmission Stock Up 0.1 %

Allison Transmission stock opened at $80.96 on Monday. Allison Transmission has a fifty-two week low of $44.68 and a fifty-two week high of $83.42. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.94 and a current ratio of 2.49. The firm has a 50 day moving average price of $75.26 and a 200 day moving average price of $63.13. The company has a market capitalization of $7.09 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 1.51 and a beta of 1.03.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Tuesday, February 13th. The auto parts company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.49. Allison Transmission had a return on equity of 60.35% and a net margin of 22.17%. The business had revenue of $775.00 million for the quarter, compared to analyst estimates of $744.00 million. During the same quarter in the prior year, the company earned $1.52 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. Research analysts expect that Allison Transmission will post 7.64 earnings per share for the current year.

Allison Transmission Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.24%. The ex-dividend date was Friday, March 1st. This is an increase from Allison Transmission’s previous quarterly dividend of $0.23. Allison Transmission’s dividend payout ratio is currently 13.44%.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Dana Jh Pittard sold 2,686 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $72.84, for a total value of $195,648.24. Following the completion of the transaction, the vice president now owns 5,143 shares in the company, valued at $374,616.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Dana Jh Pittard sold 2,686 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $72.84, for a total transaction of $195,648.24. Following the completion of the sale, the vice president now owns 5,143 shares in the company, valued at $374,616.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David S. Graziosi sold 76,318 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the sale, the chief executive officer now owns 125,479 shares of the company’s stock, valued at approximately $8,855,053.03. The disclosure for this sale can be found here. Insiders sold 87,843 shares of company stock worth $6,244,562 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Allison Transmission

Several hedge funds have recently made changes to their positions in ALSN. ICA Group Wealth Management LLC acquired a new stake in shares of Allison Transmission during the fourth quarter worth about $25,000. Global Retirement Partners LLC raised its holdings in Allison Transmission by 1,706.7% during the third quarter. Global Retirement Partners LLC now owns 542 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 512 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in Allison Transmission by 256.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock worth $34,000 after purchasing an additional 426 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in Allison Transmission by 222.5% during the third quarter. Loomis Sayles & Co. L P now owns 603 shares of the auto parts company’s stock worth $36,000 after purchasing an additional 416 shares in the last quarter. Finally, Quent Capital LLC raised its holdings in Allison Transmission by 42.3% during the fourth quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock worth $41,000 after purchasing an additional 210 shares in the last quarter. Institutional investors and hedge funds 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.