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

Allison Transmission (NYSE:ALSN) had its price objective boosted by Citigroup from $110.00 to $130.00 in a research report report published on Wednesday,Benzinga reports. They currently have a neutral rating on the auto parts company’s stock.

Other research analysts have also recently issued reports about the company. Zacks Research raised Allison Transmission from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. JPMorgan Chase & Co. boosted their target price on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Raymond James Financial upped their target price on shares of Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a report on Monday, December 22nd. Morgan Stanley lifted their price target on shares of Allison Transmission from $97.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Finally, Wells Fargo & Company boosted their price objective on shares of Allison Transmission from $85.00 to $98.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Allison Transmission has an average rating of “Hold” and a consensus price target of $111.11.

Allison Transmission Price Performance

NYSE ALSN opened at $125.41 on Wednesday. The stock has a market capitalization of $10.39 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 0.82 and a beta of 0.97. Allison Transmission has a 1-year low of $76.01 and a 1-year high of $126.31. 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 business’s fifty day moving average price is $109.89 and its 200-day moving average price is $94.89.

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Monday, March 9th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, March 9th. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.27. Allison Transmission’s payout ratio is 14.73%.

Insider Buying and Selling at Allison Transmission

In related 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 value of $176,932.89. Following the completion of the transaction, the senior vice president owned 10,021 shares of the company’s stock, valued at approximately $989,974.59. This represents a 15.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

Several large investors have recently made changes to their positions in ALSN. Jane Street Group LLC grew its position in shares of Allison Transmission by 341.3% during the first quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock worth $27,617,000 after purchasing an additional 223,253 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Allison Transmission by 5.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock worth $20,560,000 after purchasing an additional 11,542 shares during the period. Focus Partners Advisor Solutions LLC grew its holdings in Allison Transmission by 145.6% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 5,644 shares of the auto parts company’s stock valued at $536,000 after buying an additional 3,346 shares in the last quarter. Brighton Jones LLC bought a new stake in shares of Allison Transmission during the second quarter valued at approximately $231,000. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of Allison Transmission by 5.3% in the second quarter. Nisa Investment Advisors LLC now owns 34,127 shares of the auto parts company’s stock worth $3,242,000 after buying an additional 1,718 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.