The Goldman Sachs Group Increases Allison Transmission (NYSE:ALSN) Price Target to $63.00

Allison Transmission (NYSE:ALSN) had its price objective increased by The Goldman Sachs Group from $55.00 to $63.00 in a report released on Tuesday, Benzinga reports. They currently have a sell rating on the auto parts company’s stock.

A number of other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Allison Transmission from $70.00 to $78.00 and gave the stock a neutral rating in a research note on Monday, April 15th. Robert W. Baird upped their target price on shares of Allison Transmission from $63.00 to $68.00 and gave the company a neutral rating in a research note on Wednesday, February 14th. Oppenheimer upped their target price on shares of Allison Transmission from $67.00 to $90.00 and gave the company an outperform rating in a research note on Tuesday, March 26th. StockNews.com upgraded shares of Allison Transmission from a buy rating to a strong-buy rating in a research note on Wednesday, February 14th. Finally, Morgan Stanley began coverage on shares of Allison Transmission in a research note on Monday, January 8th. They set an equal weight rating and a $62.00 target price for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and an average price target of $65.88.

Allison Transmission Price Performance

Shares of Allison Transmission stock opened at $78.38 on Tuesday. The firm has a fifty day simple moving average of $76.69 and a 200-day simple moving average of $63.65. The company has a current ratio of 2.49, a quick ratio of 1.94 and a debt-to-equity ratio of 2.03. Allison Transmission has a 1-year low of $44.68 and a 1-year high of $83.42. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 1.47 and a beta of 1.03.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Tuesday, February 13th. The auto parts company reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.49. Allison Transmission had a net margin of 22.17% and a return on equity of 60.35%. The business had revenue of $775.00 million during the quarter, compared to analysts’ expectations of $744.00 million. During the same period in the previous year, the company earned $1.52 earnings per share. Allison Transmission’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, sell-side analysts expect that Allison Transmission will post 7.76 earnings per share for the current year.

Allison Transmission Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were paid a $0.25 dividend. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.28%. Allison Transmission’s dividend payout ratio is currently 13.44%.

Insider Activity

In other news, CEO David S. Graziosi sold 76,318 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total value of $5,385,761.26. Following the completion of the transaction, the chief executive officer now owns 125,479 shares in the company, valued at approximately $8,855,053.03. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO David S. Graziosi sold 76,318 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total value of $5,385,761.26. Following the completion of the transaction, the chief executive officer now owns 125,479 shares in the company, valued at approximately $8,855,053.03. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Ryan A. Milburn sold 2,598 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $75.40, for a total transaction of $195,889.20. Following the completion of the sale, the vice president now directly owns 14,456 shares in the company, valued at approximately $1,089,982.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 87,843 shares of company stock worth $6,244,562. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Allison Transmission

Large investors have recently made changes to their positions in the company. ICA Group Wealth Management LLC bought a new stake in shares of Allison Transmission in the 4th quarter worth about $25,000. Global Retirement Partners LLC grew its holdings in shares of Allison Transmission by 1,706.7% in the 3rd quarter. Global Retirement Partners LLC now owns 542 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 512 shares during the last quarter. SRS Capital Advisors Inc. grew its holdings in shares of Allison Transmission by 256.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock worth $34,000 after purchasing an additional 426 shares during the last quarter. Loomis Sayles & Co. L P grew its holdings in Allison Transmission by 222.5% during the 3rd quarter. Loomis Sayles & Co. L P now owns 603 shares of the auto parts company’s stock worth $36,000 after acquiring an additional 416 shares during the last quarter. Finally, Quent Capital LLC grew its holdings in Allison Transmission by 42.3% during the 4th quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock worth $41,000 after acquiring an additional 210 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

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.