Allison Transmission (NYSE:ALSN) Given New $109.00 Price Target at Morgan Stanley

Allison Transmission (NYSE:ALSN) had its price target upped by Morgan Stanley from $97.00 to $109.00 in a research report report published on Friday morning,Benzinga reports. They currently have an equal weight rating on the auto parts company’s stock.

ALSN has been the subject of several other reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Allison Transmission in a report on Wednesday. JPMorgan Chase & Co. increased their price target on Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Raymond James Financial boosted their price objective on Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a research note on Monday, December 22nd. Citigroup increased their target price on shares of Allison Transmission from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Finally, Wells Fargo & Company lifted their target price on shares of Allison Transmission from $85.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Allison Transmission presently has a consensus rating of “Hold” and a consensus target price of $102.00.

Allison Transmission Price Performance

ALSN opened at $109.52 on Friday. Allison Transmission has a fifty-two week low of $76.01 and a fifty-two week high of $120.28. The firm has a 50-day moving average of $97.51 and a 200 day moving average of $90.22. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.06 and a current ratio of 3.82. The firm has a market cap of $9.12 billion, a P/E ratio of 13.42 and a beta of 0.98.

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

Allison Transmission Dividend Announcement

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

Insider Activity at Allison Transmission

In other news, SVP John Coll sold 1,791 shares of the firm’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total value of $176,932.89. Following the completion of the transaction, the senior vice president directly owned 10,021 shares in the company, valued at approximately $989,974.59. This trade represents a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

Several institutional investors and hedge funds have recently bought and sold shares of the company. Rossby Financial LCC grew its position in shares of Allison Transmission by 107.0% during the 3rd quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 153 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in Allison Transmission during the second quarter valued at $28,000. Cullen Frost Bankers Inc. grew its position in Allison Transmission by 3,108.3% during the second quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock worth $37,000 after buying an additional 373 shares in the last quarter. Employees Retirement System of Texas bought a new position in Allison Transmission in the 2nd quarter worth about $38,000. Finally, True Wealth Design LLC raised its holdings in shares of Allison Transmission by 93.2% in the 3rd quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 218 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Company Profile

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.