Allison Transmission (NYSE:ALSN – Get Free Report) had its price objective raised by stock analysts at Citigroup from $97.00 to $109.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the auto parts company’s stock. Citigroup’s price objective indicates a potential upside of 11.02% from the stock’s current price.
ALSN has been the subject of a number of other research reports. StockNews.com cut Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 2nd. Robert W. Baird lifted their price objective on Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. The Goldman Sachs Group raised their target price on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a report on Monday, July 29th. Finally, Raymond James initiated coverage on Allison Transmission in a report on Friday, June 28th. They set an “outperform” rating and a $85.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Allison Transmission has an average rating of “Hold” and a consensus target price of $83.71.
Check Out Our Latest Report on Allison Transmission
Allison Transmission Price Performance
Allison Transmission (NYSE:ALSN – Get Free Report) last released its earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.09. The company had revenue of $816.00 million during the quarter, compared to analyst estimates of $799.44 million. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.92 earnings per share. Equities analysts forecast that Allison Transmission will post 7.85 EPS for the current fiscal year.
Insider Activity at Allison Transmission
In other Allison Transmission news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the sale, the senior vice president now directly owns 12,420 shares of the company’s stock, valued at approximately $1,129,971.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Allison Transmission news, VP Thomas Eifert sold 1,741 shares of Allison Transmission stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the sale, the vice president now directly owns 9,601 shares of the company’s stock, valued at approximately $960,100. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $90.98, for a total value of $181,960.00. Following the sale, the senior vice president now directly owns 12,420 shares in the company, valued at $1,129,971.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,741 shares of company stock worth $546,060 over the last three months. Company insiders own 1.10% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc lifted its holdings in Allison Transmission by 1,200.0% during the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after buying an additional 336 shares in the last quarter. Triad Wealth Partners LLC acquired a new position in Allison Transmission during the 2nd quarter worth $33,000. Fifth Third Bancorp lifted its holdings in Allison Transmission by 139.8% during the 2nd quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after buying an additional 506 shares in the last quarter. Quent Capital LLC lifted its holdings in Allison Transmission by 24.0% during the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after buying an additional 172 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in Allison Transmission by 307.2% during the 1st quarter. Covestor Ltd now owns 965 shares of the auto parts company’s stock worth $78,000 after buying an additional 728 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.
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