Allison Transmission (NYSE:ALSN – Get Free Report) had its target price lowered by stock analysts at Citigroup from $105.00 to $100.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the auto parts company’s stock. Citigroup’s target price suggests a potential upside of 7.57% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. Robert W. Baird cut their price objective on Allison Transmission from $123.00 to $100.00 and set a “neutral” rating on the stock in a report on Tuesday, April 15th. Bank of America boosted their price objective on Allison Transmission from $74.00 to $79.00 and gave the company an “underperform” rating in a report on Monday, June 16th. Wall Street Zen downgraded Allison Transmission from a “buy” rating to a “hold” rating in a report on Sunday. The Goldman Sachs Group upped their price target on Allison Transmission from $80.00 to $90.00 and gave the stock a “sell” rating in a report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. cut their price target on Allison Transmission from $110.00 to $98.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $99.00.
Allison Transmission Price Performance
Allison Transmission (NYSE:ALSN – Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.26. The firm had revenue of $766.00 million for the quarter, compared to the consensus estimate of $792.18 million. Allison Transmission had a return on equity of 46.97% and a net margin of 23.55%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.90 EPS. Equities analysts expect that Allison Transmission will post 9.06 EPS for the current year.
Insider Activity at Allison Transmission
In other Allison Transmission news, SVP John Coll sold 1,788 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total transaction of $170,450.04. Following the completion of the sale, the senior vice president now directly owns 15,388 shares of the company’s stock, valued at $1,466,938.04. This represents a 10.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ryan A. Milburn sold 3,412 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total value of $359,078.88. Following the sale, the vice president now directly owns 11,924 shares of the company’s stock, valued at approximately $1,254,881.76. This represents a 22.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.
Institutional Investors Weigh In On Allison Transmission
Large investors have recently bought and sold shares of the stock. 111 Capital acquired a new stake in shares of Allison Transmission during the fourth quarter worth $599,000. Jefferies Financial Group Inc. acquired a new position in shares of Allison Transmission during the fourth quarter worth about $901,000. Public Employees Retirement System of Ohio lifted its stake in shares of Allison Transmission by 35.0% during the fourth quarter. Public Employees Retirement System of Ohio now owns 57,788 shares of the auto parts company’s stock worth $6,245,000 after purchasing an additional 14,994 shares in the last quarter. EAM Investors LLC acquired a new position in shares of Allison Transmission during the fourth quarter worth about $5,766,000. Finally, Teacher Retirement System of Texas lifted its stake in shares of Allison Transmission by 14.5% during the fourth quarter. Teacher Retirement System of Texas now owns 53,014 shares of the auto parts company’s stock worth $5,729,000 after purchasing an additional 6,728 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.
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.
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