Allison Transmission (NYSE:ALSN) PT Raised to $63.00

Allison Transmission (NYSE:ALSN) had its price target lifted by equities research analysts at The Goldman Sachs Group from $55.00 to $63.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “sell” rating on the auto parts company’s stock. The Goldman Sachs Group’s price target would suggest a potential downside of 21.03% from the stock’s previous close.

ALSN has been the subject of a number of other research reports. Oppenheimer boosted their price target on Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Morgan Stanley assumed coverage on Allison Transmission in a report on Monday, January 8th. They set an “equal weight” rating and a $62.00 target price for the company. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 14th. Robert W. Baird upped their target price on Allison Transmission from $63.00 to $68.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. upped their target price on Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Allison Transmission currently has a consensus rating of “Hold” and an average target price of $65.88.

Allison Transmission Stock Down 0.6 %

Shares of NYSE:ALSN opened at $79.78 on Tuesday. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.49 and a quick ratio of 1.94. The firm has a market capitalization of $6.99 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 1.50 and a beta of 1.03. The business has a 50 day simple moving average of $76.01 and a two-hundred day simple moving average of $63.40. Allison Transmission has a 1 year low of $44.68 and a 1 year high of $83.42.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Tuesday, February 13th. The auto parts company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.49. The firm had revenue of $775.00 million during the quarter, compared to analyst estimates of $744.00 million. Allison Transmission had a return on equity of 60.35% and a net margin of 22.17%. Allison Transmission’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.52 earnings per share. On average, equities analysts predict that Allison Transmission will post 7.72 EPS for the current year.

Insider Transactions at Allison Transmission

In related news, CEO David S. Graziosi sold 76,318 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total value of $5,385,761.26. Following the transaction, the chief executive officer now directly owns 125,479 shares of the company’s stock, valued at approximately $8,855,053.03. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CEO David S. Graziosi sold 76,318 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total value of $5,385,761.26. Following the transaction, the chief executive officer now directly owns 125,479 shares of the company’s stock, valued at approximately $8,855,053.03. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Ryan A. Milburn sold 2,598 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 14,456 shares in the company, valued at $1,089,982.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,843 shares of company stock valued at $6,244,562. Corporate insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

Several hedge funds have recently made changes to their positions in ALSN. NewEdge Wealth LLC boosted its holdings in Allison Transmission by 9.1% in the fourth quarter. NewEdge Wealth LLC now owns 519,845 shares of the auto parts company’s stock valued at $30,229,000 after purchasing an additional 43,243 shares during the last quarter. Estate Counselors LLC purchased a new stake in Allison Transmission in the fourth quarter valued at $1,127,000. Schroder Investment Management Group boosted its holdings in Allison Transmission by 137.9% in the third quarter. Schroder Investment Management Group now owns 133,529 shares of the auto parts company’s stock valued at $7,886,000 after purchasing an additional 77,402 shares during the last quarter. Federated Hermes Inc. boosted its holdings in Allison Transmission by 62.5% in the third quarter. Federated Hermes Inc. now owns 799,312 shares of the auto parts company’s stock valued at $47,207,000 after purchasing an additional 307,322 shares during the last quarter. Finally, London Co. of Virginia boosted its stake in shares of Allison Transmission by 1.1% during the 3rd quarter. London Co. of Virginia now owns 2,414,094 shares of the auto parts company’s stock worth $142,576,000 after acquiring an additional 26,316 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

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.