Allison Transmission (NYSE:ALSN – Get Rating) had its price objective trimmed by Citigroup from $55.00 to $52.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has a neutral rating on the auto parts company’s stock.
A number of other equities analysts have also recently commented on ALSN. Robert W. Baird lifted their target price on Allison Transmission from $48.00 to $51.00 and gave the stock a neutral rating in a report on Thursday, February 16th. The Goldman Sachs Group upped their price objective on Allison Transmission from $33.00 to $37.00 and gave the stock a sell rating in a research note on Friday, February 17th. Morgan Stanley boosted their price objective on shares of Allison Transmission from $39.00 to $40.00 and gave the stock an underweight rating in a research note on Thursday, April 20th. Finally, StockNews.com cut Allison Transmission from a strong-buy rating to a buy rating in a research note on Friday, April 14th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $44.67.
Allison Transmission Price Performance
ALSN opened at $46.88 on Friday. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.80 and a quick ratio of 1.34. Allison Transmission has a 1 year low of $32.63 and a 1 year high of $50.64. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 1.10 and a beta of 0.98. The stock’s 50 day simple moving average is $45.82 and its 200 day simple moving average is $43.52.
Allison Transmission Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 17th. Investors of record on Monday, March 6th were paid a $0.23 dividend. This is a boost from Allison Transmission’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, March 3rd. This represents a $0.92 annualized dividend and a dividend yield of 1.96%. Allison Transmission’s payout ratio is 16.64%.
Insider Activity at Allison Transmission
In other Allison Transmission news, VP Ryan A. Milburn sold 2,050 shares of the firm’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $48.36, for a total value of $99,138.00. Following the sale, the vice president now directly owns 13,827 shares in the company, valued at $668,673.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Allison Transmission news, CEO David S. Graziosi sold 16,954 shares of the firm’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $48.20, for a total value of $817,182.80. Following the completion of the transaction, the chief executive officer now directly owns 176,392 shares in the company, valued at $8,502,094.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Ryan A. Milburn sold 2,050 shares of the business’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $48.36, for a total transaction of $99,138.00. Following the sale, the vice president now directly owns 13,827 shares in the company, valued at $668,673.72. The disclosure for this sale can be found here. Insiders sold a total of 39,350 shares of company stock valued at $1,901,900 over the last three months. 1.10% of the stock is owned by insiders.
Hedge Funds Weigh In On Allison Transmission
Large investors have recently bought and sold shares of the stock. AMI Investment Management Inc. boosted its stake in Allison Transmission by 7.1% in the first quarter. AMI Investment Management Inc. now owns 97,189 shares of the auto parts company’s stock valued at $3,816,000 after acquiring an additional 6,438 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Allison Transmission by 5.1% during the first quarter. JPMorgan Chase & Co. now owns 334,703 shares of the auto parts company’s stock worth $13,140,000 after purchasing an additional 16,209 shares during the period. Raymond James & Associates increased its holdings in shares of Allison Transmission by 267.3% in the first quarter. Raymond James & Associates now owns 33,711 shares of the auto parts company’s stock valued at $1,323,000 after purchasing an additional 24,534 shares during the last quarter. Citigroup Inc. lifted its position in Allison Transmission by 1.5% during the first quarter. Citigroup Inc. now owns 74,855 shares of the auto parts company’s stock worth $2,938,000 after acquiring an additional 1,127 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Allison Transmission by 31.6% in the first quarter. PNC Financial Services Group Inc. now owns 13,096 shares of the auto parts company’s stock valued at $514,000 after acquiring an additional 3,142 shares during the period. 99.89% of the stock is currently owned by institutional investors and hedge funds.
Allison Transmission Company Profile
Allison Transmission Holdings, Inc engages in the design and manufacture of vehicle propulsion solutions for commercial and defense vehicles. The company also manufactures medium and heavy duty fully automatic transmissions and electrified propulsion systems. Its products are used in a variety of applications, including on-highway trucks, buses, motorhomes, off-highway vehicles and equipment, and defense vehicles.
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