Allison Transmission (NYSE:ALSN) Price Target Increased to $78.00 by Analysts at JPMorgan Chase & Co.

Allison Transmission (NYSE:ALSN) had its price objective raised by JPMorgan Chase & Co. from $70.00 to $78.00 in a report published on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the auto parts company’s stock.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley assumed coverage on shares of Allison Transmission in a research report on Monday, January 8th. They issued an equal weight rating and a $62.00 price target for the company. StockNews.com raised shares of Allison Transmission from a buy rating to a strong-buy rating in a research report on Wednesday, February 14th. Robert W. Baird lifted their price objective on shares of Allison Transmission from $63.00 to $68.00 and gave the stock a neutral rating in a research report on Wednesday, February 14th. Oppenheimer lifted their price objective on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an outperform rating in a research report on Tuesday, March 26th. Finally, The Goldman Sachs Group lifted their price objective on shares of Allison Transmission from $48.00 to $55.00 and gave the stock a sell rating in a research report on Thursday, February 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Allison Transmission has a consensus rating of Hold and an average target price of $65.88.

Allison Transmission Stock Down 0.5 %

Shares of NYSE ALSN opened at $79.39 on Monday. The company has a 50 day simple moving average of $76.36 and a 200-day simple moving average of $63.51. The company has a market capitalization of $6.96 billion, a P/E ratio of 10.67, a P/E/G ratio of 1.48 and a beta of 1.03. 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 has a 1 year low of $44.68 and a 1 year high of $83.42.

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

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, March 4th were paid a dividend of $0.25 per share. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.26%. The ex-dividend date was Friday, March 1st. Allison Transmission’s dividend payout ratio (DPR) is currently 13.44%.

Insider Buying and Selling

In related news, VP Dana Jh Pittard sold 2,686 shares of Allison Transmission stock in a transaction 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 directly owns 5,143 shares in the company, valued at approximately $374,616.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Allison Transmission news, VP Dana Jh Pittard sold 2,686 shares of Allison Transmission stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $72.84, for a total value of $195,648.24. Following the transaction, the vice president now directly owns 5,143 shares in the company, valued at $374,616.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David S. Graziosi sold 76,318 shares of Allison Transmission stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the completion of the transaction, the chief executive officer now owns 125,479 shares in the company, valued at $8,855,053.03. The disclosure for this sale can be found here. Insiders have sold 87,843 shares of company stock worth $6,244,562 in the last ninety days. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. NewEdge Wealth LLC increased its stake 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 period. Estate Counselors LLC acquired a new position in shares of Allison Transmission during the fourth quarter worth about $1,127,000. Schroder Investment Management Group increased its stake in shares of Allison Transmission by 137.9% during the third quarter. Schroder Investment Management Group now owns 133,529 shares of the auto parts company’s stock worth $7,886,000 after acquiring an additional 77,402 shares during the period. Federated Hermes Inc. increased its stake in shares of Allison Transmission by 62.5% during the third quarter. Federated Hermes Inc. now owns 799,312 shares of the auto parts company’s stock worth $47,207,000 after acquiring an additional 307,322 shares during the period. Finally, Gotham Asset Management LLC increased its stake in shares of Allison Transmission by 45.4% during the third quarter. Gotham Asset Management LLC now owns 63,633 shares of the auto parts company’s stock worth $3,758,000 after acquiring an additional 19,875 shares during the period. 96.90% of the stock is currently 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.