Allison Transmission (NYSE:ALSN) Earns Neutral Rating from Analysts at Citigroup

Citigroup initiated coverage on shares of Allison Transmission (NYSE:ALSN) in a research report released on Wednesday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $80.00 target price on the auto parts company’s stock.

A number of other equities research analysts have also recently commented on ALSN. The Goldman Sachs Group lifted their target price on Allison Transmission from $55.00 to $63.00 and gave the stock a sell rating in a research note on Tuesday, April 16th. Robert W. Baird lifted their price objective on shares of Allison Transmission from $84.00 to $87.00 and gave the stock a neutral rating in a research report on Friday, April 26th. JPMorgan Chase & Co. increased their target price on shares of Allison Transmission from $70.00 to $78.00 and gave the company a neutral rating in a research report on Monday, April 15th. StockNews.com upgraded shares of Allison Transmission from a buy rating to a strong-buy rating in a research note on Friday, June 7th. Finally, Oppenheimer upped their price objective on Allison Transmission from $67.00 to $90.00 and gave the company an outperform rating in a research note on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $75.25.

Allison Transmission Stock Up 2.1 %

ALSN opened at $75.87 on Wednesday. Allison Transmission has a fifty-two week low of $50.13 and a fifty-two week high of $83.42. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.51 and a quick ratio of 1.95. The company’s 50-day moving average is $75.26 and its 200 day moving average is $70.64. The firm has a market capitalization of $6.64 billion, a P/E ratio of 10.13, a PEG ratio of 1.38 and a beta of 1.02.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. The firm had revenue of $789.00 million for the quarter, compared to the consensus estimate of $772.37 million. Allison Transmission had a return on equity of 55.83% and a net margin of 21.80%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.85 EPS. Research analysts expect that Allison Transmission will post 7.56 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. Allison Transmission’s payout ratio is 13.35%.

Insider Transactions at Allison Transmission

In related news, VP Rafael Basso sold 12,624 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total transaction of $940,235.52. Following the sale, the vice president now directly owns 4,624 shares in the company, valued at approximately $344,395.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

Hedge funds have recently bought and sold shares of the company. SRS Capital Advisors Inc. boosted its holdings in Allison Transmission by 256.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 426 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 worth $41,000 after purchasing an additional 210 shares in the last quarter. TFO Wealth Partners LLC increased its position in shares of Allison Transmission by 8,975.0% during the 4th quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock valued at $42,000 after purchasing an additional 718 shares during the last quarter. Headlands Technologies LLC increased its position in shares of Allison Transmission by 237.4% during the 4th quarter. Headlands Technologies LLC now owns 1,110 shares of the auto parts company’s stock valued at $65,000 after purchasing an additional 781 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Allison Transmission by 20.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company’s stock valued at $71,000 after buying an additional 212 shares in the last quarter. Hedge funds and other 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.