Allison Transmission (NYSE:ALSN) Given New $130.00 Price Target at Morgan Stanley

Allison Transmission (NYSE:ALSN) had its target price hoisted by Morgan Stanley from $126.00 to $130.00 in a research report report published on Friday morning,Benzinga reports. They currently have an equal weight rating on the auto parts company’s stock.

A number of other research firms have also recently commented on ALSN. Zacks Research cut shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Citigroup decreased their target price on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday. Wells Fargo & Company increased their price target on Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. increased their price objective on shares of Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 13th. Finally, Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.17.

Allison Transmission Trading Down 1.8%

ALSN opened at $113.43 on Friday. The stock has a 50-day moving average of $116.08 and a 200 day moving average of $116.52. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 2.23. Allison Transmission has a 12 month low of $76.01 and a 12 month high of $137.62. The firm has a market cap of $9.41 billion, a P/E ratio of 17.64, a P/E/G ratio of 0.63 and a beta of 0.95.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Monday, May 4th. The auto parts company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.47. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate 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 was up 83.6% on a year-over-year basis. During the same period last year, the company earned $2.23 earnings per share. As a group, research analysts forecast that Allison Transmission will post 9.84 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, May 18th. Allison Transmission’s payout ratio is 18.04%.

Insider Transactions at Allison Transmission

In other news, CFO Scott A. Mell sold 2,270 shares of Allison Transmission stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $125.00, for a total value of $283,750.00. Following the sale, the chief financial officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Millstone Evans Group LLC purchased a new stake in shares of Allison Transmission during the 1st quarter valued at approximately $26,000. Cedar Mountain Advisors LLC acquired a new position in shares of Allison Transmission in the 1st quarter valued at $27,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Allison Transmission during the 1st quarter worth $28,000. Larson Financial Group LLC lifted its holdings in shares of Allison Transmission by 536.7% in the 4th quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 263 shares during the last quarter. Finally, Transamerica Financial Advisors LLC grew its position in Allison Transmission by 2,112.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock valued at $35,000 after acquiring an additional 338 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.