Allison Transmission (NYSE:ALSN) Given New $120.00 Price Target at Citigroup

Allison Transmission (NYSE:ALSN) had its price objective lowered by Citigroup from $130.00 to $120.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the auto parts company’s stock. Citigroup’s price target indicates a potential upside of 3.49% from the company’s current price.

A number of other brokerages also recently issued reports on ALSN. Morgan Stanley upped their price target on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Robert W. Baird boosted their target price on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Bank of America raised their price target on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 26th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $101.38.

Allison Transmission Price Performance

NYSE:ALSN traded up $3.71 during mid-day trading on Tuesday, reaching $115.95. The stock had a trading volume of 257,287 shares, compared to its average volume of 403,228. Allison Transmission has a one year low of $55.81 and a one year high of $122.53. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83. The firm has a 50 day moving average price of $113.91 and a two-hundred day moving average price of $98.13. The stock has a market capitalization of $10.04 billion, a P/E ratio of 14.12, a P/E/G ratio of 2.03 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.26. The business had revenue of $824.00 million during the quarter, compared to analyst estimates of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The company’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.76 earnings per share. As a group, analysts expect that Allison Transmission will post 8.21 earnings per share for the current year.

Insider Buying and Selling at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total value of $216,800.00. Following the completion of the sale, the senior vice president now directly owns 6,420 shares of the company’s stock, valued at approximately $695,928. This represents a 23.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David S. Graziosi sold 1,723 shares of Allison Transmission stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total transaction of $207,207.98. Following the transaction, the chief executive officer now directly owns 168,833 shares in the company, valued at $20,303,856.58. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,639 shares of company stock valued at $2,683,537. 1.10% of the stock is owned by company insiders.

Institutional Trading of Allison Transmission

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALSN. World Investment Advisors LLC purchased a new position in shares of Allison Transmission during the third quarter valued at about $29,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Allison Transmission during the 4th quarter valued at approximately $31,000. Quarry LP increased its stake in Allison Transmission by 46.7% in the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after acquiring an additional 114 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Allison Transmission during the 3rd quarter worth approximately $67,000. Finally, Venturi Wealth Management LLC boosted its position in shares of Allison Transmission by 27.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock valued at $71,000 after acquiring an additional 162 shares during 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.