Citigroup Begins Coverage on Allison Transmission (NYSE:ALSN)

Citigroup began coverage on shares of Allison Transmission (NYSE:ALSN) in a research note published on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $80.00 target price on the auto parts company’s stock.

ALSN has been the topic of a number of other reports. Oppenheimer boosted their price target on Allison Transmission from $67.00 to $90.00 and gave the stock an outperform rating in a report on Tuesday, March 26th. JPMorgan Chase & Co. boosted their price target on Allison Transmission from $70.00 to $78.00 and gave the stock a neutral rating in a report on Monday, April 15th. Robert W. Baird boosted their price target on Allison Transmission from $84.00 to $87.00 and gave the stock a neutral rating in a report on Friday, April 26th. The Goldman Sachs Group boosted their price target on Allison Transmission from $55.00 to $63.00 and gave the stock a sell rating in a report on Tuesday, April 16th. Finally, StockNews.com raised Allison Transmission from a buy rating to a strong-buy rating in a report on Friday, June 7th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Allison Transmission currently has an average rating of Hold and an average price target of $75.25.

Allison Transmission Stock Up 2.2 %

ALSN stock opened at $75.90 on Wednesday. Allison Transmission has a twelve month low of $50.13 and a twelve month high of $83.42. The company has a quick ratio of 1.95, a current ratio of 2.51 and a debt-to-equity ratio of 1.79. The stock has a market cap of $6.64 billion, a P/E ratio of 10.13, a PEG ratio of 1.38 and a beta of 1.02. The business’s 50-day moving average price is $75.26 and its 200-day moving average price is $70.75.

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 $1.89 by $0.01. Allison Transmission had a return on equity of 55.83% and a net margin of 21.80%. The firm had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $772.37 million. During the same period in the previous year, the firm earned $1.85 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities research analysts forecast that Allison Transmission will post 7.56 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Friday, May 17th. Allison Transmission’s payout ratio is 13.35%.

Insiders Place Their Bets

In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of Allison Transmission stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total value of $940,235.52. Following the sale, the vice president now owns 4,624 shares of the company’s stock, valued at approximately $344,395.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

Large investors have recently modified their holdings of the stock. SRS Capital Advisors Inc. increased its position in shares of Allison Transmission by 256.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 426 shares during the last quarter. Quent Capital LLC increased its position in shares of Allison Transmission by 42.3% during the 4th quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock valued at $41,000 after purchasing an additional 210 shares during the last quarter. TFO Wealth Partners LLC increased its position in shares of Allison Transmission by 8,975.0% during the 4th quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock valued at $42,000 after purchasing an additional 718 shares during the last quarter. Headlands Technologies LLC increased its position in shares of Allison Transmission by 237.4% during the 4th quarter. Headlands Technologies LLC now owns 1,110 shares of the auto parts company’s stock valued at $65,000 after purchasing an additional 781 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in shares of Allison Transmission by 20.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company’s stock valued at $71,000 after purchasing an additional 212 shares during the last quarter. 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.