Citigroup Boosts Allison Transmission (NYSE:ALSN) Price Target to $130.00

Allison Transmission (NYSE:ALSN) had its price objective lifted by Citigroup from $110.00 to $130.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the auto parts company’s stock. Citigroup’s target price suggests a potential upside of 4.05% from the company’s current price.

Other analysts have also issued reports about the stock. Zacks Research raised shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Wells Fargo & Company increased their price objective on Allison Transmission from $85.00 to $98.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Raymond James Financial lifted their target price on Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a report on Monday, December 22nd. Morgan Stanley upped their target price on Allison Transmission from $97.00 to $109.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Finally, Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 11th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $111.11.

Allison Transmission Price Performance

NYSE:ALSN opened at $124.94 on Wednesday. The company has a quick ratio of 3.06, a current ratio of 4.85 and a debt-to-equity ratio of 1.55. The business’s 50-day moving average price is $109.36 and its 200 day moving average price is $94.63. Allison Transmission has a 52-week low of $76.01 and a 52-week high of $125.66. The firm has a market cap of $10.35 billion, a P/E ratio of 17.05, a PEG ratio of 0.81 and a beta of 0.97.

Insider Activity

In other news, SVP John Coll sold 1,791 shares of the stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total value of $176,932.89. Following the completion of the sale, the senior vice president directly owned 10,021 shares of the company’s stock, valued at $989,974.59. This represents a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Allison Transmission

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALSN. Jane Street Group LLC raised its position in Allison Transmission by 341.3% during the first quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock valued at $27,617,000 after acquiring an additional 223,253 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Allison Transmission by 5.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock worth $20,560,000 after purchasing an additional 11,542 shares during the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in shares of Allison Transmission by 145.6% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 5,644 shares of the auto parts company’s stock valued at $536,000 after purchasing an additional 3,346 shares in the last quarter. Brighton Jones LLC acquired a new stake in shares of Allison Transmission in the 2nd quarter valued at $231,000. Finally, Nisa Investment Advisors LLC boosted its holdings in Allison Transmission by 5.3% in the second quarter. Nisa Investment Advisors LLC now owns 34,127 shares of the auto parts company’s stock worth $3,242,000 after purchasing an additional 1,718 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Company Profile

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.