Citigroup Inc. Boosts Allison Transmission Holdings, Inc. (ALSN) Price Target to $50.00

Allison Transmission Holdings, Inc. (NYSE:ALSN) had its price target increased by Citigroup Inc. from $45.00 to $50.00 in a report issued on Thursday. The firm currently has a buy rating on the auto parts company’s stock.

ALSN has been the subject of a number of other research reports. Buckingham Research began coverage on Allison Transmission Holdings in a research note on Tuesday, September 5th. They set a neutral rating and a $36.00 price objective for the company. ValuEngine upgraded Allison Transmission Holdings from a hold rating to a buy rating in a research report on Friday, September 1st. Robert W. Baird reiterated a buy rating and issued a $52.00 target price on shares of Allison Transmission Holdings in a research report on Wednesday. Piper Jaffray Companies reiterated an underweight rating and issued a $25.00 target price (down previously from $31.00) on shares of Allison Transmission Holdings in a research report on Wednesday, August 30th. Finally, Deutsche Bank AG decreased their target price on Allison Transmission Holdings from $44.00 to $43.00 and set a hold rating for the company in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Allison Transmission Holdings presently has an average rating of Hold and an average target price of $43.40.

Shares of Allison Transmission Holdings (NYSE:ALSN) traded down $0.40 during mid-day trading on Thursday, hitting $43.68. 2,059,661 shares of the company were exchanged, compared to its average volume of 2,065,270. Allison Transmission Holdings has a 12 month low of $28.29 and a 12 month high of $45.69. The company has a quick ratio of 0.96, a current ratio of 1.50 and a debt-to-equity ratio of 4.57. The stock has a market cap of $6,192.12, a PE ratio of 19.33, a P/E/G ratio of 1.80 and a beta of 1.24.

Allison Transmission Holdings (NYSE:ALSN) last issued its quarterly earnings data on Monday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.27. Allison Transmission Holdings had a return on equity of 45.65% and a net margin of 16.34%. The firm had revenue of $595.00 million during the quarter, compared to analyst estimates of $533.53 million. During the same quarter last year, the firm earned $0.27 EPS. Allison Transmission Holdings’s quarterly revenue was up 37.1% on a year-over-year basis. sell-side analysts anticipate that Allison Transmission Holdings will post 2.43 EPS for the current fiscal year.

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In related news, SVP Randall R. Kirk sold 7,541 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $34.27, for a total value of $258,430.07. Following the sale, the senior vice president now owns 84,494 shares of the company’s stock, valued at approximately $2,895,609.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO David S. Graziosi sold 39,264 shares of the firm’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $37.23, for a total value of $1,461,798.72. Following the completion of the sale, the chief financial officer now directly owns 233,387 shares in the company, valued at approximately $8,688,998.01. The disclosure for this sale can be found here. Company insiders own 7.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. USA Financial Portformulas Corp lifted its holdings in shares of Allison Transmission Holdings by 1.7% in the 2nd quarter. USA Financial Portformulas Corp now owns 20,373 shares of the auto parts company’s stock worth $764,000 after purchasing an additional 345 shares during the last quarter. EagleClaw Capital Managment LLC lifted its holdings in shares of Allison Transmission Holdings by 5.1% in the 2nd quarter. EagleClaw Capital Managment LLC now owns 10,400 shares of the auto parts company’s stock worth $390,000 after purchasing an additional 500 shares during the last quarter. C M Bidwell & Associates Ltd. raised its stake in Allison Transmission Holdings by 0.5% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 111,390 shares of the auto parts company’s stock valued at $4,178,000 after acquiring an additional 565 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Allison Transmission Holdings by 12.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock valued at $201,000 after acquiring an additional 607 shares in the last quarter. Finally, ETRADE Capital Management LLC raised its stake in Allison Transmission Holdings by 4.9% during the 2nd quarter. ETRADE Capital Management LLC now owns 30,296 shares of the auto parts company’s stock valued at $1,136,000 after acquiring an additional 1,410 shares in the last quarter.

About Allison Transmission Holdings

Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).

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