Robert W. Baird Raises Allison Transmission (NYSE:ALSN) Price Target to $87.00

Allison Transmission (NYSE:ALSN) had its target price lifted by Robert W. Baird from $84.00 to $87.00 in a research note released on Friday, Benzinga reports. The brokerage currently has a neutral rating on the auto parts company’s stock.

A number of other brokerages have also recently issued reports on ALSN. Morgan Stanley began coverage on shares of Allison Transmission in a report on Monday, January 8th. They issued an equal weight rating and a $62.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on Allison Transmission from $70.00 to $78.00 and gave the stock a neutral rating in a research report on Monday, April 15th. The Goldman Sachs Group increased their price target on Allison Transmission from $55.00 to $63.00 and gave the stock a sell rating in a research note on Tuesday, April 16th. Oppenheimer upped their target price on Allison Transmission from $67.00 to $90.00 and gave the stock an outperform rating in a research report on Tuesday, March 26th. Finally, StockNews.com upgraded shares of Allison Transmission from a buy rating to a strong-buy rating in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Allison Transmission presently has an average rating of Hold and an average target price of $71.71.

Allison Transmission Trading Up 2.1 %

Shares of ALSN opened at $76.09 on Friday. Allison Transmission has a 12 month low of $45.36 and a 12 month high of $83.42. The stock’s 50-day moving average is $77.94 and its two-hundred day moving average is $64.51. 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 stock has a market cap of $6.67 billion, a PE ratio of 10.16, a P/E/G ratio of 1.38 and a beta of 1.03.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.01. The firm had revenue of $789.00 million during the quarter, compared to the consensus estimate of $772.37 million. Allison Transmission had a return on equity of 58.05% and a net margin of 21.80%. Allison Transmission’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.85 earnings per share. Equities analysts forecast that Allison Transmission will post 7.71 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, March 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.31%. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.23. Allison Transmission’s dividend payout ratio (DPR) is 13.35%.

Insider Activity 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 shares were sold at an average price of $70.57, for a total value of $5,385,761.26. Following the completion of the sale, the chief executive officer now directly owns 125,479 shares in the company, valued at $8,855,053.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Ryan A. Milburn sold 2,598 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $75.40, for a total transaction of $195,889.20. Following the transaction, the vice president now directly owns 14,456 shares in the company, valued at $1,089,982.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David S. Graziosi sold 76,318 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total transaction 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 $8,855,053.03. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 87,843 shares of company stock valued at $6,244,562. Insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

Large investors have recently made changes to their positions in the company. Global Retirement Partners LLC grew its stake in Allison Transmission by 1,706.7% in the third quarter. Global Retirement Partners LLC now owns 542 shares of the auto parts company’s stock valued at $32,000 after acquiring an additional 512 shares during the period. SRS Capital Advisors Inc. grew its position in Allison Transmission by 256.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock worth $34,000 after buying an additional 426 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in Allison Transmission by 222.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 603 shares of the auto parts company’s stock valued at $36,000 after buying an additional 416 shares during the period. Quent Capital LLC boosted its holdings in shares of Allison Transmission by 42.3% in the 4th quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock valued at $41,000 after purchasing an additional 210 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in Allison Transmission by 1,538.6% during the third quarter. IFP Advisors Inc now owns 721 shares of the auto parts company’s stock worth $43,000 after acquiring an additional 677 shares in the last quarter. Institutional investors and hedge funds 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.