The Goldman Sachs Group Increases Allison Transmission (NYSE:ALSN) Price Target to $94.00

Allison Transmission (NYSE:ALSN) had its price objective lifted by The Goldman Sachs Group from $82.00 to $94.00 in a research report report published on Thursday,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the auto parts company’s stock.

A number of other research firms have also recently issued reports on ALSN. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Bank of America raised their price objective 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. Robert W. Baird upped their target price on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Oppenheimer increased their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted 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. Two 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, Allison Transmission has a consensus rating of “Hold” and a consensus target price of $96.38.

Allison Transmission Price Performance

Shares of Allison Transmission stock opened at $116.51 on Thursday. The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 2.03 and a beta of 0.98. The firm’s 50-day moving average price is $110.27 and its two-hundred day moving average price is $92.83. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. Allison Transmission has a 1-year low of $55.19 and a 1-year high of $122.53.

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 analysts’ consensus estimates 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 analyst estimates of $790.08 million. During the same period in the prior year, the company earned $1.76 EPS. Allison Transmission’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities analysts predict that Allison Transmission will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

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

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $117.73, for a total value of $235,460.00. Following the completion of the sale, the senior vice president now owns 8,420 shares of the company’s stock, valued at approximately $991,286.60. This represents a 19.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David S. Graziosi sold 5,326 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $120.12, for a total value of $639,759.12. Following the completion of the transaction, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at approximately $20,280,219.96. The trade was a 3.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,380 shares of company stock valued at $2,830,837. 1.10% of the stock is currently owned by insiders.

Institutional Trading of Allison Transmission

Several hedge funds have recently bought and sold shares of ALSN. Cetera Advisors LLC lifted its position in Allison Transmission by 10.1% in the 1st quarter. Cetera Advisors LLC now owns 4,461 shares of the auto parts company’s stock valued at $362,000 after acquiring an additional 408 shares in the last quarter. Diversified Trust Co raised its stake in shares of Allison Transmission by 38.8% in the 2nd quarter. Diversified Trust Co now owns 6,366 shares of the auto parts company’s stock valued at $483,000 after purchasing an additional 1,781 shares during the period. Triad Wealth Partners LLC bought a new stake in shares of Allison Transmission in the second quarter valued at about $33,000. Blue Trust Inc. boosted its position in shares of Allison Transmission by 25.3% during the second quarter. Blue Trust Inc. now owns 1,873 shares of the auto parts company’s stock worth $152,000 after buying an additional 378 shares during the period. Finally, Raymond James & Associates grew its holdings in shares of Allison Transmission by 9.9% during the second quarter. Raymond James & Associates now owns 187,422 shares of the auto parts company’s stock worth $14,225,000 after buying an additional 16,893 shares in the last quarter. 96.90% of the stock is currently 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.