Allison Transmission (NYSE:ALSN) Given New $78.00 Price Target at JPMorgan Chase & Co.

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

ALSN has been the subject of a number of other research reports. Robert W. Baird lifted their target price on Allison Transmission from $63.00 to $68.00 and gave the stock a neutral rating in a report on Wednesday, February 14th. StockNews.com raised Allison Transmission from a buy rating to a strong-buy rating in a research note on Wednesday, February 14th. The Goldman Sachs Group boosted their price target on Allison Transmission from $48.00 to $55.00 and gave the company a sell rating in a research note on Thursday, February 15th. Morgan Stanley started coverage on Allison Transmission in a research note on Monday, January 8th. They issued an equal weight rating and a $62.00 price target for the company. Finally, Oppenheimer boosted their price target 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 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.com, the stock presently has a consensus rating of Hold and a consensus price target of $65.88.

Allison Transmission Stock Down 0.6 %

ALSN opened at $79.78 on Monday. Allison Transmission has a fifty-two week low of $44.68 and a fifty-two week high of $83.42. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.94 and a current ratio of 2.49. The company has a market capitalization of $6.99 billion, a P/E ratio of 10.72, a P/E/G ratio of 1.50 and a beta of 1.03. The stock has a fifty day moving average of $76.01 and a 200-day moving average of $63.40.

Allison Transmission (NYSE:ALSN) last posted its earnings results 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. Allison Transmission had a return on equity of 60.35% and a net margin of 22.17%. The company had revenue of $775.00 million during the quarter, compared to the consensus estimate of $744.00 million. During the same quarter last year, the firm earned $1.52 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. On average, equities analysts expect that Allison Transmission will post 7.72 EPS for the current year.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, March 4th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Friday, March 1st. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. Allison Transmission’s payout ratio is currently 13.44%.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Ryan A. Milburn sold 2,598 shares of Allison Transmission stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $75.40, for a total value of $195,889.20. Following the transaction, the vice president now owns 14,456 shares in the company, valued at $1,089,982.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, VP Niekerk Teresa Van sold 6,241 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $74.87, for a total transaction of $467,263.67. Following the sale, the vice president now directly owns 21,112 shares in the company, valued at $1,580,655.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 value of $195,889.20. Following the sale, the vice president now owns 14,456 shares in the company, valued at $1,089,982.40. The disclosure for this sale can be found here. Insiders have sold a total of 87,843 shares of company stock worth $6,244,562 over the last 90 days. Insiders own 0.93% of the company’s stock.

Institutional Trading of Allison Transmission

Hedge funds and other institutional investors have recently made changes to their positions in the company. ICA Group Wealth Management LLC bought a new stake in shares of Allison Transmission during the fourth quarter worth about $25,000. Global Retirement Partners LLC boosted its holdings 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 last quarter. SRS Capital Advisors Inc. boosted its holdings in Allison Transmission by 256.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock valued at $34,000 after acquiring an additional 426 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in Allison Transmission by 222.5% in the third quarter. Loomis Sayles & Co. L P now owns 603 shares of the auto parts company’s stock valued at $36,000 after acquiring an additional 416 shares during the last quarter. Finally, Quent Capital LLC boosted its holdings in Allison Transmission by 42.3% in the fourth quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock valued at $41,000 after acquiring an additional 210 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Company Profile

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.