Citigroup Has Lowered Expectations for Allison Transmission (NYSE:ALSN) Stock Price

Allison Transmission (NYSE:ALSN) had its price objective lowered by Citigroup from $135.00 to $125.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the auto parts company’s stock. Citigroup’s target price points to a potential upside of 8.71% from the company’s current price.

Several other equities research analysts also recently weighed in on the stock. Zacks Research downgraded shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Morgan Stanley increased their price objective on Allison Transmission from $117.00 to $126.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 13th. Wells Fargo & Company lifted their target price on Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. upped their price target on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday. Finally, Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Allison Transmission presently has an average rating of “Moderate Buy” and an average target price of $130.50.

Allison Transmission Trading Down 0.9%

NYSE:ALSN traded down $0.99 during trading hours on Tuesday, reaching $114.99. 131,404 shares of the stock were exchanged, compared to its average volume of 993,051. Allison Transmission has a twelve month low of $76.01 and a twelve month high of $137.62. The business has a 50-day moving average of $116.98 and a two-hundred day moving average of $116.25. The company has a market capitalization of $9.54 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 0.62 and a beta of 0.95. The company has a quick ratio of 1.18, a current ratio of 1.85 and a debt-to-equity ratio of 2.23.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.47. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.Allison Transmission’s revenue for the quarter was up 83.6% on a year-over-year basis. During the same period last year, the business posted $2.23 EPS. On average, equities analysts predict that Allison Transmission will post 9.86 EPS for the current year.

Insiders Place Their Bets

In other Allison Transmission news, CFO Scott A. Mell sold 2,270 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $125.00, for a total value of $283,750.00. Following the sale, the chief financial officer directly owned 1,053 shares in the company, valued at $131,625. This trade represents a 68.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Wedge Capital Management L L P NC raised its stake in Allison Transmission by 7.9% during the 2nd quarter. Wedge Capital Management L L P NC now owns 146,537 shares of the auto parts company’s stock worth $16,521,000 after acquiring an additional 10,725 shares in the last quarter. Wasatch Advisors LP boosted its stake in Allison Transmission by 105.7% in the second quarter. Wasatch Advisors LP now owns 1,510,496 shares of the auto parts company’s stock valued at $170,293,000 after acquiring an additional 776,169 shares in the last quarter. Dudley & Shanley Inc. boosted its stake in Allison Transmission by 0.3% in the second quarter. Dudley & Shanley Inc. now owns 165,037 shares of the auto parts company’s stock valued at $18,606,000 after acquiring an additional 440 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Allison Transmission in the second quarter valued at $11,329,000. Finally, BankChampaign National Association purchased a new position in shares of Allison Transmission during the first quarter worth about $812,000. 96.90% of the stock is owned by hedge funds and other institutional investors.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.