Allison Transmission (NYSE:ALSN) Price Target Raised to $130.00

Allison Transmission (NYSE:ALSN) had its target price upped by equities researchers at Citigroup from $110.00 to $130.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the auto parts company’s stock. Citigroup’s price objective suggests a potential upside of 5.24% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Oppenheimer raised their price objective on Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a research report on Tuesday. Wells Fargo & Company boosted their target price on shares of Allison Transmission from $85.00 to $98.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Raymond James Financial increased their price objective on shares of Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 22nd. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 11th. Finally, Morgan Stanley increased their price objective on shares of Allison Transmission from $97.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $107.89.

Allison Transmission Trading Up 1.3%

Allison Transmission stock traded up $1.53 during trading hours on Wednesday, reaching $123.52. The stock had a trading volume of 678,776 shares, compared to its average volume of 849,343. The company has a fifty day simple moving average of $108.36 and a 200-day simple moving average of $94.22. Allison Transmission has a 52 week low of $76.01 and a 52 week high of $125.66. The stock has a market cap of $10.28 billion, a PE ratio of 16.84, a PEG ratio of 1.22 and a beta of 0.97. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.82 and a quick ratio of 3.06.

Insider Activity

In other news, SVP John Coll sold 1,791 shares of Allison Transmission stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total transaction of $176,932.89. Following the completion of the sale, the senior vice president directly owned 10,021 shares in the company, valued at approximately $989,974.59. This trade represents a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Allison Transmission

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC boosted its stake in Allison Transmission by 341.3% in the first quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock valued at $27,617,000 after acquiring an additional 223,253 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Allison Transmission by 5.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock valued at $20,560,000 after acquiring an additional 11,542 shares during the last quarter. Focus Partners Advisor Solutions LLC raised its stake in shares of Allison Transmission by 145.6% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 5,644 shares of the auto parts company’s stock valued at $536,000 after buying an additional 3,346 shares during the last quarter. Brighton Jones LLC acquired a new stake in shares of Allison Transmission during the 2nd quarter worth approximately $231,000. Finally, Nisa Investment Advisors LLC increased its holdings in Allison Transmission by 5.3% in the second quarter. Nisa Investment Advisors LLC now owns 34,127 shares of the auto parts company’s stock valued at $3,242,000 after buying an additional 1,718 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.