Allison Transmission (NYSE:ALSN) Price Target Raised to $127.00 at Wells Fargo & Company

Allison Transmission (NYSE:ALSN) had its price target boosted by Wells Fargo & Company from $98.00 to $127.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an equal weight rating on the auto parts company’s stock.

A number of other research firms have also commented on ALSN. Oppenheimer raised their price objective on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a research note on Tuesday. Zacks Research raised Allison Transmission from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Citigroup increased their target price on shares of Allison Transmission from $110.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Finally, Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 11th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Allison Transmission currently has an average rating of “Hold” and an average price target of $111.11.

Allison Transmission Stock Performance

Allison Transmission stock opened at $124.94 on Thursday. Allison Transmission has a 12 month low of $76.01 and a 12 month high of $125.66. The company has a fifty day moving average price of $109.36 and a two-hundred day moving average price of $94.63. The company has a debt-to-equity ratio of 1.55, a current ratio of 4.85 and a quick ratio of 3.06. The company has a market cap of $10.35 billion, a PE ratio of 17.05, a P/E/G ratio of 0.81 and a beta of 0.97.

Allison Transmission Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Monday, March 9th will be paid a $0.29 dividend. This is an increase from Allison Transmission’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, March 9th. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. Allison Transmission’s payout ratio is 13.24%.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 1,791 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were 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 owned 10,021 shares in the company, valued at approximately $989,974.59. The trade was a 15.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ALSN. Rossby Financial LCC lifted its position in Allison Transmission by 107.0% in the 3rd quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 153 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Allison Transmission by 536.7% in the 4th quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after buying an additional 263 shares during the last quarter. Transamerica Financial Advisors LLC lifted its stake in Allison Transmission by 2,112.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock valued at $35,000 after acquiring an additional 338 shares during the last quarter. Employees Retirement System of Texas bought a new position in Allison Transmission during the second quarter worth about $38,000. Finally, True Wealth Design LLC boosted its stake in shares of Allison Transmission by 93.2% during the 3rd quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 218 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 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.