Allison Transmission (NYSE:ALSN) Price Target Lowered to $108.00 at Citigroup

Allison Transmission (NYSE:ALSN) had its price target decreased by Citigroup from $115.00 to $108.00 in a research report released on Monday morning,Benzinga reports. Citigroup currently has a neutral rating on the auto parts company’s stock.

Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. decreased their price objective on Allison Transmission from $129.00 to $110.00 and set a “neutral” rating on the stock in a report on Tuesday, March 18th. The Goldman Sachs Group boosted their price target on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 12th. Morgan Stanley increased their price objective on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Finally, StockNews.com downgraded shares of Allison Transmission from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Allison Transmission presently has a consensus rating of “Hold” and an average price target of $101.13.

Allison Transmission Stock Performance

Shares of NYSE ALSN opened at $98.96 on Monday. Allison Transmission has a one year low of $71.49 and a one year high of $122.53. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. The business has a fifty day simple moving average of $103.81 and a 200 day simple moving average of $106.54. The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of 11.91 and a beta of 0.95.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. Sell-side analysts expect that Allison Transmission will post 9.06 EPS for the current year.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Monday, March 3rd. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.25. Allison Transmission’s payout ratio is currently 13.00%.

Allison Transmission announced that its Board of Directors has approved a share repurchase program on Thursday, February 20th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the auto parts company to repurchase up to 57.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Allison Transmission

In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the sale, the vice president now directly owns 14,138 shares in the company, valued at approximately $1,360,075.60. This trade represents a 24.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

A number of large investors have recently added to or reduced their stakes in the company. Transce3nd LLC bought a new stake in shares of Allison Transmission in the fourth quarter valued at about $25,000. SRH Advisors LLC acquired a new stake in Allison Transmission in the 4th quarter valued at approximately $26,000. Kestra Investment Management LLC bought a new stake in Allison Transmission in the 4th quarter valued at approximately $30,000. Vermillion Wealth Management Inc. acquired a new position in Allison Transmission during the 4th quarter worth approximately $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Allison Transmission during the 4th quarter worth approximately $31,000. 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.