Allison Transmission (NYSE:ALSN) Price Target Raised to $115.00 at JPMorgan Chase & Co.

Allison Transmission (NYSE:ALSN) had its price objective upped by JPMorgan Chase & Co. from $87.00 to $115.00 in a research report released on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the auto parts company’s stock.

Other equities analysts also recently issued reports about the stock. Zacks Research upgraded shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a report on Friday, September 19th. Citigroup boosted their target price on Allison Transmission from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday. Wells Fargo & Company assumed coverage on Allison Transmission in a report on Thursday, November 13th. They issued an “equal weight” rating and a $85.00 price target on the stock. Raymond James Financial raised their price target on Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 22nd. Finally, Weiss Ratings downgraded Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $99.25.

Allison Transmission Stock Performance

NYSE ALSN opened at $108.02 on Wednesday. The business’s 50 day moving average price is $93.53 and its 200-day moving average price is $89.50. Allison Transmission has a fifty-two week low of $76.01 and a fifty-two week high of $121.81. The company has a market cap of $8.99 billion, a P/E ratio of 13.24 and a beta of 0.98. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.06 and a current ratio of 3.82.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $1.63 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.32). Allison Transmission had a return on equity of 40.46% and a net margin of 22.78%.The firm had revenue of $693.00 million for the quarter, compared to analysts’ expectations of $779.97 million. During the same period in the previous year, the firm earned $2.27 earnings per share. The firm’s quarterly revenue was down 15.9% compared to the same quarter last year. Sell-side analysts predict that Allison Transmission will post 9.06 earnings per share for the current year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.08 annualized dividend and a yield of 1.0%. Allison Transmission’s dividend payout ratio is 13.24%.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 1,791 shares of Allison Transmission stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total transaction of $176,932.89. Following the completion of the sale, the senior vice president directly owned 10,021 shares of the company’s stock, valued at $989,974.59. The trade was a 15.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Allison Transmission

Several institutional investors have recently made changes to their positions in the company. Signaturefd LLC grew its stake in Allison Transmission by 38.7% during the 2nd quarter. Signaturefd LLC now owns 853 shares of the auto parts company’s stock worth $81,000 after buying an additional 238 shares during the last quarter. Mackenzie Financial Corp raised its stake in Allison Transmission by 2,937.4% in the second quarter. Mackenzie Financial Corp now owns 185,345 shares of the auto parts company’s stock valued at $17,606,000 after buying an additional 179,243 shares during the last quarter. Arcus Capital Partners LLC acquired a new stake in Allison Transmission in the second quarter worth about $381,000. Pallas Capital Advisors LLC boosted its holdings in Allison Transmission by 146.3% in the second quarter. Pallas Capital Advisors LLC now owns 10,433 shares of the auto parts company’s stock worth $991,000 after acquiring an additional 6,197 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Allison Transmission during the second quarter worth about $1,041,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.