Allison Transmission (NYSE:ALSN) Price Target Lowered to $120.00 at Citigroup

Allison Transmission (NYSE:ALSN) had its price target lowered by Citigroup from $130.00 to $120.00 in a research report report published on Tuesday,Benzinga reports. The firm currently has a neutral rating on the auto parts company’s stock.

Several other equities analysts have also issued reports on ALSN. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 26th. JPMorgan Chase & Co. lifted their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, October 11th. Bank of America increased their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. Morgan Stanley lifted their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Finally, Oppenheimer increased their price objective on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $101.38.

Allison Transmission Price Performance

NYSE ALSN opened at $116.03 on Tuesday. The company has a market cap of $10.05 billion, a PE ratio of 14.13, a P/E/G ratio of 2.03 and a beta of 1.00. The firm’s 50 day moving average price is $114.04 and its 200-day moving average price is $98.42. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83. Allison Transmission has a 52-week low of $55.81 and a 52-week high of $122.53.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The business had revenue of $824.00 million for the quarter, compared to analysts’ expectations of $790.08 million. During the same quarter last year, the firm earned $1.76 EPS. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. Sell-side analysts forecast that Allison Transmission will post 8.21 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend was Monday, November 18th. Allison Transmission’s payout ratio is 12.18%.

Insider Buying and Selling

In other news, CEO David S. Graziosi sold 11,590 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $119.44, for a total value of $1,384,309.60. Following the sale, the chief executive officer now owns 168,833 shares in the company, valued at $20,165,413.52. This represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total transaction of $216,800.00. Following the transaction, the senior vice president now directly owns 6,420 shares of the company’s stock, valued at approximately $695,928. This trade represents a 23.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,639 shares of company stock worth $2,683,537 in the last 90 days. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Allison Transmission

Several hedge funds have recently added to or reduced their stakes in ALSN. World Investment Advisors LLC purchased a new position in shares of Allison Transmission during the 3rd quarter valued at about $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Allison Transmission during the fourth quarter valued at approximately $31,000. Quarry LP raised its position in Allison Transmission by 46.7% during the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after acquiring an additional 114 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Allison Transmission in the third quarter valued at approximately $67,000. Finally, Venturi Wealth Management LLC boosted its position in Allison Transmission by 27.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock worth $71,000 after purchasing an additional 162 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

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.