Allison Transmission (NYSE:ALSN) Price Target Raised to $130.00

Allison Transmission (NYSE:ALSN) had its price objective boosted by Morgan Stanley from $126.00 to $130.00 in a report issued on Friday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the auto parts company’s stock.

A number of other equities research analysts also recently weighed in on ALSN. JPMorgan Chase & Co. boosted their price target on Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Citigroup dropped their target price on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Wells Fargo & Company raised their target price on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Finally, Zacks Research lowered Allison Transmission from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $131.17.

Allison Transmission Trading Down 0.2%

ALSN opened at $113.43 on Friday. Allison Transmission has a 12-month low of $76.01 and a 12-month high of $137.62. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.85 and a quick ratio of 1.18. The stock has a market capitalization of $9.41 billion, a PE ratio of 17.64, a P/E/G ratio of 0.61 and a beta of 0.95. The firm’s fifty day moving average price is $116.08 and its 200 day moving average price is $116.64.

Allison Transmission (NYSE:ALSN) last released its earnings results on Monday, May 4th. The auto parts company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.47. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. Allison Transmission had a net margin of 14.88% and a return on equity of 37.50%. The company’s revenue was up 83.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.23 EPS. As a group, research analysts expect that Allison Transmission will post 9.91 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were given a dividend of $0.29 per share. The ex-dividend date was Monday, May 18th. This represents a $1.16 annualized dividend and a dividend yield of 1.0%. Allison Transmission’s dividend payout ratio is currently 18.04%.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, CFO Scott A. Mell sold 2,270 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $125.00, for a total value of $283,750.00. Following the completion of the transaction, the chief financial officer owned 1,053 shares in the company, valued at approximately $131,625. This represents a 68.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Allison Transmission

A number of hedge funds have recently made changes to their positions in ALSN. Millstone Evans Group LLC bought a new position in Allison Transmission in the 1st quarter worth approximately $26,000. Cedar Mountain Advisors LLC acquired a new stake in Allison Transmission in the 1st quarter valued at approximately $27,000. Cassaday & Co Wealth Management LLC bought a new stake in Allison Transmission during the 1st quarter valued at $28,000. Larson Financial Group LLC raised its stake in Allison Transmission by 536.7% during the 4th quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 263 shares in the last quarter. Finally, Transamerica Financial Advisors LLC boosted its position in Allison Transmission by 2,112.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock worth $35,000 after acquiring an additional 338 shares during the period. 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.