Allison Transmission (NYSE:ALSN) Given New $100.00 Price Target at Robert W. Baird

Allison Transmission (NYSE:ALSN - Free Report) had its price objective lowered by Robert W. Baird from $123.00 to $100.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the auto parts company's stock.

A number of other research analysts also recently weighed in on ALSN. Morgan Stanley raised their price target on Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a research note on Tuesday, December 17th. StockNews.com raised shares of Allison Transmission from a "hold" rating to a "buy" rating in a research note on Friday, April 11th. Citigroup lowered their target price on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Raymond James cut their price target on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $97.88.

Allison Transmission Stock Up 0.7 %

ALSN traded up $0.62 during trading on Tuesday, hitting $88.80. The company had a trading volume of 632,211 shares, compared to its average volume of 643,686. The firm's 50-day moving average price is $95.97 and its 200 day moving average price is $105.98. The company has a market capitalization of $7.57 billion, a PE ratio of 10.69 and a beta of 0.95. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. Allison Transmission has a one year low of $71.49 and a one year high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. As a group, equities analysts expect that Allison Transmission will post 9.06 earnings per share for the current year.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from Allison Transmission's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.22%. Allison Transmission's dividend payout ratio is 13.00%.

Allison Transmission announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 20th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the auto parts company to buy up to 57.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $96.20, for a total transaction of $437,325.20. Following the completion of the sale, the vice president now directly owns 14,138 shares in the company, valued at $1,360,075.60. This represents a 24.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Coll sold 1,788 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the sale, the senior vice president now owns 15,388 shares of the company's stock, valued at approximately $1,466,938.04. This represents a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Allison Transmission

A number of institutional investors have recently added to or reduced their stakes in the stock. Transce3nd LLC bought a new stake in Allison Transmission during the 4th quarter worth $25,000. SRH Advisors LLC acquired a new stake in shares of Allison Transmission during the fourth quarter valued at about $26,000. Kestra Investment Management LLC bought a new stake in shares of Allison Transmission during the fourth quarter worth about $30,000. Vermillion Wealth Management Inc. acquired a new position in shares of Allison Transmission in the fourth quarter valued at approximately $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Allison Transmission in the 4th quarter valued at approximately $31,000. 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.