Allison Transmission (NYSE:ALSN) Price Target Raised to $112.00

Allison Transmission (NYSE:ALSN - Free Report) had its target price lifted by Morgan Stanley from $110.00 to $112.00 in a research report sent to investors on Tuesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the auto parts company's stock.

ALSN has been the topic of a number of other research reports. Citigroup lifted their price target on shares of Allison Transmission from $125.00 to $130.00 and gave the stock a "neutral" rating in a report on Monday, December 9th. Bank of America boosted their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the company an "underperform" rating in a report on Wednesday, October 30th. Oppenheimer boosted their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. The Goldman Sachs Group boosted their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the company a "sell" rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Allison Transmission from $80.00 to $100.00 and gave the company a "neutral" rating in a report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Allison Transmission currently has a consensus rating of "Hold" and a consensus price target of $102.63.

Allison Transmission Price Performance

Allison Transmission stock traded down $2.33 during mid-day trading on Tuesday, reaching $112.21. The company had a trading volume of 619,427 shares, compared to its average volume of 613,435. Allison Transmission has a fifty-two week low of $55.19 and a fifty-two week high of $122.53. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. The company has a market cap of $9.72 billion, a P/E ratio of 13.95, a P/E/G ratio of 2.03 and a beta of 0.98. The business has a fifty day simple moving average of $110.57 and a 200 day simple moving average of $93.23.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued 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. The company had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. Allison Transmission's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.76 earnings per share. On average, equities research analysts predict that Allison Transmission will post 8.21 earnings per share for the current year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Monday, November 18th. Allison Transmission's dividend payout ratio (DPR) is currently 12.18%.

Insider Transactions at Allison Transmission

In other Allison Transmission news, CEO David S. Graziosi sold 11,590 shares of the company's stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $119.44, for a total value of $1,384,309.60. Following the completion of the sale, the chief executive officer now directly owns 168,833 shares of the company's stock, valued at approximately $20,165,413.52. This represents a 6.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Thomas Eifert sold 1,741 shares of the company's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the sale, the vice president now directly owns 9,601 shares of the company's stock, valued at $960,100. The trade was a 15.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,380 shares of company stock valued at $2,830,837 over the last three months. Corporate insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Allison Transmission

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its stake in Allison Transmission by 24.3% in the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company's stock valued at $1,224,479,000 after acquiring an additional 2,493,310 shares during the last quarter. Jennison Associates LLC purchased a new position in Allison Transmission in the third quarter valued at about $52,156,000. Loomis Sayles & Co. L P boosted its stake in Allison Transmission by 252.5% in the third quarter. Loomis Sayles & Co. L P now owns 593,044 shares of the auto parts company's stock valued at $56,974,000 after acquiring an additional 424,813 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Allison Transmission by 34.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company's stock valued at $87,896,000 after acquiring an additional 233,214 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in Allison Transmission by 257.8% in the second quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company's stock valued at $24,245,000 after acquiring an additional 230,152 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Allison Transmission Company Profile

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.