The Goldman Sachs Group Issues Positive Forecast for Allison Transmission (NYSE:ALSN) Stock Price

Allison Transmission (NYSE:ALSN) had its target price raised by The Goldman Sachs Group from $80.00 to $90.00 in a report released on Tuesday,Benzinga reports. They currently have a sell rating on the auto parts company’s stock.

ALSN has been the subject of several other research reports. JPMorgan Chase & Co. dropped their price target on Allison Transmission from $110.00 to $98.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Morgan Stanley raised their price target on Allison Transmission from $94.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 6th. Wall Street Zen raised Allison Transmission from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Raymond James lowered their price objective on Allison Transmission from $115.00 to $110.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Finally, Robert W. Baird lowered their price objective on Allison Transmission from $123.00 to $100.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Allison Transmission currently has an average rating of “Hold” and a consensus price target of $98.13.

Allison Transmission Stock Performance

Allison Transmission stock opened at $104.55 on Tuesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. The stock has a fifty day moving average of $95.52 and a two-hundred day moving average of $105.16. The company has a market capitalization of $8.81 billion, a price-to-earnings ratio of 12.58 and a beta of 0.97. Allison Transmission has a fifty-two week low of $71.49 and a fifty-two week high of $122.53.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.26. The company had revenue of $766.00 million during the quarter, compared to the consensus estimate of $792.18 million. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. Allison Transmission’s revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.90 earnings per share. On average, analysts anticipate that Allison Transmission will post 9.06 EPS for the current fiscal year.

Allison Transmission announced that its board has initiated a share buyback plan on Thursday, February 20th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Monday, May 19th. Allison Transmission’s dividend payout ratio is currently 12.50%.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 1,788 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total transaction of $170,450.04. Following the completion of the sale, the senior vice president now owns 15,388 shares of the company’s stock, valued at approximately $1,466,938.04. The trade was a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ryan A. Milburn sold 4,546 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $96.20, for a total value of $437,325.20. Following the sale, the vice president now directly owns 14,138 shares of the company’s stock, valued at approximately $1,360,075.60. This trade represents a 24.33% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,746 shares of company stock valued at $966,854. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Arizona State Retirement System boosted its position in shares of Allison Transmission by 0.4% in the fourth quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company’s stock worth $2,733,000 after buying an additional 100 shares during the period. Vident Advisory LLC boosted its position in shares of Allison Transmission by 1.0% in the fourth quarter. Vident Advisory LLC now owns 10,182 shares of the auto parts company’s stock worth $1,100,000 after buying an additional 102 shares during the period. Amalgamated Bank boosted its position in shares of Allison Transmission by 1.6% in the fourth quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company’s stock worth $690,000 after buying an additional 103 shares during the period. Compound Planning Inc. boosted its position in shares of Allison Transmission by 5.3% in the first quarter. Compound Planning Inc. now owns 2,180 shares of the auto parts company’s stock worth $209,000 after buying an additional 109 shares during the period. Finally, Callan Family Office LLC boosted its position in shares of Allison Transmission by 5.1% in the first quarter. Callan Family Office LLC now owns 2,606 shares of the auto parts company’s stock worth $249,000 after buying an additional 126 shares during the period. 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.