Robert W. Baird Increases Allison Transmission (NYSE:ALSN) Price Target to $87.00

Allison Transmission (NYSE:ALSN) had its target price hoisted by equities research analysts at Robert W. Baird from $84.00 to $87.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. Robert W. Baird’s target price points to a potential upside of 16.79% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Oppenheimer upped their price objective on shares of Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Morgan Stanley assumed coverage on shares of Allison Transmission in a research report on Monday, January 8th. They issued an “equal weight” rating and a $62.00 price objective for the company. The Goldman Sachs Group upped their price objective on shares of Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research report on Tuesday, April 16th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. increased their price target on shares of Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $68.25.

Allison Transmission Stock Down 7.2 %

Shares of Allison Transmission stock opened at $74.49 on Friday. The company has a fifty day moving average price of $77.83 and a 200 day moving average price of $64.36. The company has a current ratio of 2.49, a quick ratio of 1.94 and a debt-to-equity ratio of 2.03. Allison Transmission has a twelve month low of $44.68 and a twelve month high of $83.42. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 1.48 and a beta of 1.03.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.02. The company had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $772.37 million. Allison Transmission had a net margin of 21.80% and a return on equity of 58.05%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.85 EPS. Equities research analysts forecast that Allison Transmission will post 7.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO David S. Graziosi sold 76,318 shares of the stock in a transaction dated Tuesday, February 20th. The shares were 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 in the company, valued at $8,855,053.03. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO David S. Graziosi sold 76,318 shares of the stock in a transaction dated Tuesday, February 20th. The shares were 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 in the company, valued at $8,855,053.03. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Niekerk Teresa Van sold 6,241 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $74.87, for a total transaction of $467,263.67. Following the sale, the vice president now owns 21,112 shares in the company, valued at approximately $1,580,655.44. The disclosure for this sale can be found here. Insiders have sold a total of 87,843 shares of company stock worth $6,244,562 over the last quarter. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Allison Transmission

Several large investors have recently made changes to their positions in the company. London Co. of Virginia increased its stake 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 during the period. Dimensional Fund Advisors LP increased its stake in shares of Allison Transmission by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,863,151 shares of the auto parts company’s stock valued at $108,345,000 after purchasing an additional 118,648 shares during the period. Boston Partners increased its stake in shares of Allison Transmission by 1.7% in the third quarter. Boston Partners now owns 1,747,514 shares of the auto parts company’s stock valued at $102,250,000 after purchasing an additional 29,912 shares during the period. Invesco Ltd. increased its stake in shares of Allison Transmission by 17.8% in the third quarter. Invesco Ltd. now owns 1,477,554 shares of the auto parts company’s stock valued at $87,264,000 after purchasing an additional 222,863 shares during the period. Finally, Norges Bank acquired a new stake in shares of Allison Transmission in the fourth quarter valued at approximately $56,334,000. Institutional investors and hedge funds 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.