Allison Transmission (NYSE:ALSN) PT Raised to $87.00 at Robert W. Baird

Allison Transmission (NYSE:ALSN) had its target price raised by Robert W. Baird from $84.00 to $87.00 in a report released on Friday morning, Benzinga reports. Robert W. Baird currently has a neutral rating on the auto parts company’s stock.

Several other research firms have also recently weighed in on ALSN. Oppenheimer boosted their price target on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an outperform rating in a report on Tuesday, March 26th. JPMorgan Chase & Co. boosted their price target on shares of Allison Transmission from $70.00 to $78.00 and gave the stock a neutral rating in a report on Monday, April 15th. StockNews.com upgraded shares of Allison Transmission from a buy rating to a strong-buy rating in a report on Wednesday, February 14th. The Goldman Sachs Group boosted their target price on shares of Allison Transmission from $55.00 to $63.00 and gave the company a sell rating in a research note on Tuesday, April 16th. Finally, Morgan Stanley began coverage on shares of Allison Transmission in a research note on Monday, January 8th. They issued an equal weight rating and a $62.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $68.25.

Allison Transmission Stock Down 7.2 %

Shares of NYSE ALSN opened at $74.52 on Friday. The stock has a market capitalization of $6.53 billion, a P/E ratio of 9.95, a P/E/G ratio of 1.48 and a beta of 1.03. The company has a 50-day moving average price of $77.83 and a 200-day moving average price of $64.33. Allison Transmission has a 1 year low of $44.68 and a 1 year high of $83.42. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.49 and a quick ratio of 1.94.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Thursday, April 25th. The auto parts company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.02. Allison Transmission had a net margin of 21.80% and a return on equity of 58.05%. The firm had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $772.37 million. During the same period last year, the company earned $1.85 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. On average, equities research analysts forecast that Allison Transmission will post 7.74 EPS for the current fiscal year.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 4th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.34%. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.23. Allison Transmission’s payout ratio is 13.35%.

Insider Activity

In other news, VP Ryan A. Milburn sold 2,598 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $75.40, for a total value of $195,889.20. Following the sale, the vice president now owns 14,456 shares of the company’s stock, valued at $1,089,982.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, VP Dana Jh Pittard sold 2,686 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $72.84, for a total transaction of $195,648.24. Following the sale, the vice president now owns 5,143 shares of the company’s stock, valued at approximately $374,616.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ryan A. Milburn sold 2,598 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $75.40, for a total transaction of $195,889.20. Following 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. Insiders have sold a total of 87,843 shares of company stock valued at $6,244,562 over the last quarter. Company insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Legacy Financial Advisors Inc. increased its holdings in Allison Transmission by 2.7% during the 4th quarter. Legacy Financial Advisors Inc. now owns 6,813 shares of the auto parts company’s stock worth $396,000 after acquiring an additional 180 shares during the period. Quent Capital LLC increased 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 period. Victory Capital Management Inc. grew its stake in Allison Transmission by 0.6% in the 3rd quarter. Victory Capital Management Inc. now owns 36,447 shares of the auto parts company’s stock worth $2,153,000 after buying an additional 211 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Allison Transmission by 20.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company’s stock worth $71,000 after buying an additional 212 shares in the last quarter. Finally, M&T Bank Corp grew its stake in Allison Transmission by 4.6% in the 3rd quarter. M&T Bank Corp now owns 5,774 shares of the auto parts company’s stock worth $341,000 after buying an additional 256 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

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.