3 days Ago By ABMN Staff
Allison Transmission ( NYSE:ALSN – Get Free Report ) had its price target dropped by equities research analysts at Robert W. Baird from $123.00 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. Robert W.
Baird’s target price would indicate a potential upside of 13.77% from the company’s current price. Several other research analysts have also commented on ALSN.
JPMorgan Chase & Co. decreased their price target on shares of Allison Transmission from $110.00 to $98.
00 and set a “neutral” rating for the company in a report on Friday, April 11th. Morgan Stanley raised their target price on Allison Transmission from $110.00 to $112.
00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Raymond James lowered their price target on shares of Allison Transmission from $115.00 to $110.
00 and set an “outperform” rating for the company in a research report on Monday. StockNews.com upgraded Allison Transmission from a “hold” rating to a “buy” rating in a research report on Friday, April 11th.
Finally, Citigroup reduced their price target on Allison Transmission from $108.00 to $95.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th.
Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $97.88.
Check Out Our Latest Report on Allison Transmission Allison Transmission Trading Down 1.3 % Allison Transmission ( NYSE:ALSN – Get Free Report ) last posted its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.
01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.11.
Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%.
Equities analysts forecast that Allison Transmission will post 9.06 earnings per share for the current fiscal year. Allison Transmission declared that its Board of Directors has initiated a share buyback program on Thursday, February 20th that authorizes the company to repurchase $5.
00 billion in shares. This repurchase authorization authorizes the auto parts company to purchase up to 57.1% of its shares through open market purchases.
Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued. Insider Buying and Selling at Allison Transmission In other news, SVP John Coll sold 1,788 shares of the business’s stock in a transaction 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 owns 15,388 shares in the company, valued at $1,466,938.
04. The trade was a 10.41 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the SEC, which is available through this link . Also, VP Ryan A. Milburn sold 4,546 shares of the business’s stock in a transaction dated Thursday, March 6th.
The stock was sold at an average price of $96.20, for a total value of $437,325.20.
Following the transaction, the vice president now owns 14,138 shares of the company’s stock, valued at $1,360,075.60. The trade was a 24.
33 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Company insiders own 1.
10% of the company’s stock. Institutional Investors Weigh In On Allison Transmission Several institutional investors and hedge funds have recently added to or reduced their stakes in ALSN. Smith Group Asset Management LLC bought a new stake in shares of Allison Transmission in the 4th quarter valued at about $2,161,000.
Allspring Global Investments Holdings LLC raised its stake in Allison Transmission by 18.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 293,753 shares of the auto parts company’s stock valued at $31,643,000 after buying an additional 46,435 shares during the period.
Teacher Retirement System of Texas increased its holdings in shares of Allison Transmission by 14.5% during the 4th quarter. Teacher Retirement System of Texas now owns 53,014 shares of the auto parts company’s stock worth $5,729,000 after acquiring an additional 6,728 shares during the last quarter.
Convergence Investment Partners LLC raised its stake in Allison Transmission by 115.6% in the 4th quarter. Convergence Investment Partners LLC now owns 13,950 shares of the auto parts company’s stock valued at $1,507,000 after acquiring an additional 7,479 shares during the period.
Finally, Franklin Resources Inc. lifted its holdings in Allison Transmission by 46.8% during the 3rd quarter.
Franklin Resources Inc. now owns 250,050 shares of the auto parts company’s stock valued at $24,955,000 after purchasing an additional 79,745 shares during the last quarter. 96.
90% of the stock is owned by institutional investors. Allison Transmission Company Profile ( Get Free Report ) 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. See Also Receive News & Ratings for Allison Transmission Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission and related companies with MarketBeat.
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