The Goldman Sachs Group Raises Allison Transmission (NYSE:ALSN) Price Target to $63.00

Allison Transmission (NYSE:ALSN) had its target price increased by The Goldman Sachs Group from $55.00 to $63.00 in a research note released on Tuesday, Benzinga reports. The Goldman Sachs Group currently has a sell rating on the auto parts company’s stock.

A number of other research analysts also recently issued reports on the company. Robert W. Baird lifted their price target on Allison Transmission from $63.00 to $68.00 and gave the company a neutral rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. lifted their price target on Allison Transmission from $70.00 to $78.00 and gave the company a neutral rating in a report on Monday. Morgan Stanley started coverage on Allison Transmission in a report on Monday, January 8th. They issued an equal weight rating and a $62.00 price target on the stock. Oppenheimer lifted their price target on Allison Transmission from $67.00 to $90.00 and gave the company an outperform rating in a report on Tuesday, March 26th. Finally, StockNews.com upgraded Allison Transmission from a buy rating to a strong-buy rating in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and an average price target of $65.88.

Allison Transmission Trading Down 0.9 %

ALSN opened at $80.27 on Tuesday. The stock’s fifty day moving average is $75.64 and its two-hundred day moving average is $63.28. The company has a market capitalization of $7.03 billion, a P/E ratio of 10.79, a PEG ratio of 1.51 and a beta of 1.03. Allison Transmission has a 52 week low of $44.68 and a 52 week high of $83.42. The company has a quick ratio of 1.94, a current ratio of 2.49 and a debt-to-equity ratio of 2.03.

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

Allison Transmission Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a $0.25 dividend. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, March 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.25%. Allison Transmission’s dividend payout ratio (DPR) is presently 13.44%.

Insider Transactions at Allison Transmission

In other Allison Transmission news, CEO David S. Graziosi sold 76,318 shares of Allison Transmission 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 completion of the sale, 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 legal filing with the SEC, which is accessible through this hyperlink. In other news, VP Niekerk Teresa Van sold 6,241 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $74.87, for a total value of $467,263.67. Following the completion of the transaction, the vice president now owns 21,112 shares of the company’s stock, valued at approximately $1,580,655.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO David S. Graziosi sold 76,318 shares of the business’s stock in a transaction dated 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 directly 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 valued at $6,244,562 in the last quarter. 0.93% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Allison Transmission

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Allison Transmission by 0.3% in the third quarter. Vanguard Group Inc. now owns 11,928,508 shares of the auto parts company’s stock valued at $402,707,000 after purchasing an additional 39,841 shares in the last quarter. BlackRock Inc. grew its position in shares of Allison Transmission by 0.5% in the first quarter. BlackRock Inc. now owns 4,116,493 shares of the auto parts company’s stock valued at $186,230,000 after purchasing an additional 21,742 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Allison Transmission by 1.1% in the first quarter. Renaissance Technologies LLC now owns 3,517,819 shares of the auto parts company’s stock valued at $159,146,000 after purchasing an additional 38,500 shares in the last quarter. London Co. of Virginia grew its position in shares of Allison Transmission by 1.1% in the third quarter. London Co. of Virginia now owns 2,414,094 shares of the auto parts company’s stock valued at $142,576,000 after purchasing an additional 26,316 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Allison Transmission by 18.9% in the fourth quarter. AQR Capital Management LLC now owns 2,244,170 shares of the auto parts company’s stock valued at $92,639,000 after purchasing an additional 357,322 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

About Allison Transmission

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.