Allison Transmission (NYSE:ALSN) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Allison Transmission (NYSE:ALSN) had its price objective increased by The Goldman Sachs Group from $72.00 to $82.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has a sell rating on the auto parts company’s stock.

A number of other brokerages have also issued reports on ALSN. Bank of America boosted their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. Robert W. Baird increased their target price on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Oppenheimer raised their price target on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price objective on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Finally, StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $92.25.

Allison Transmission Stock Up 0.4 %

ALSN opened at $107.27 on Friday. Allison Transmission has a 52 week low of $51.19 and a 52 week high of $109.30. The business has a 50 day moving average price of $94.90 and a two-hundred day moving average price of $84.35. The company has a quick ratio of 2.19, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. The company has a market cap of $9.29 billion, a PE ratio of 13.07, a P/E/G ratio of 1.92 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $790.08 million. During the same quarter in the prior year, the business earned $1.76 earnings per share. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, research analysts anticipate that Allison Transmission will post 8.13 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Monday, August 19th. Allison Transmission’s dividend payout ratio (DPR) is presently 12.18%.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the transaction, the senior vice president now owns 12,420 shares in the company, valued at approximately $1,129,971.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the sale, the senior vice president now owns 12,420 shares in the company, valued at approximately $1,129,971.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Thomas Eifert sold 1,741 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the transaction, the vice president now directly owns 9,601 shares of the company’s stock, valued at approximately $960,100. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,741 shares of company stock worth $546,060 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

A number of hedge funds have recently added to or reduced their stakes in the business. Diversified Trust Co purchased a new position in Allison Transmission during the first quarter worth approximately $372,000. Allspring Global Investments Holdings LLC grew its position in Allison Transmission by 108.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 259,311 shares of the auto parts company’s stock valued at $21,046,000 after acquiring an additional 135,194 shares during the period. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Allison Transmission during the first quarter worth about $1,342,000. Principal Financial Group Inc. raised its holdings in shares of Allison Transmission by 23.6% in the 1st quarter. Principal Financial Group Inc. now owns 7,695 shares of the auto parts company’s stock worth $625,000 after purchasing an additional 1,467 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Allison Transmission by 27.2% in the 1st quarter. Van ECK Associates Corp now owns 34,949 shares of the auto parts company’s stock valued at $2,836,000 after purchasing an additional 7,473 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

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.