Allison Transmission (NYSE:ALSN) Lowered to “Buy” Rating by StockNews.com

StockNews.com cut shares of Allison Transmission (NYSE:ALSN) from a strong-buy rating to a buy rating in a report released on Thursday morning.

Other equities analysts also recently issued research reports about the company. Bank of America increased their price target on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group increased their target price on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 12th. Oppenheimer boosted their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Robert W. Baird increased their price objective on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Finally, Citigroup dropped their target price on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $100.75.

Allison Transmission Price Performance

NYSE:ALSN opened at $101.66 on Thursday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. The company has a 50 day moving average price of $113.25 and a 200-day moving average price of $103.64. Allison Transmission has a 1-year low of $67.61 and a 1-year high of $122.53. The firm has a market cap of $8.81 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 1.82 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.11. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. Equities research analysts forecast that Allison Transmission will post 8.22 EPS for the current year.

Insider Activity

In related news, CEO David S. Graziosi sold 5,326 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $120.12, for a total value of $639,759.12. Following the completion of the sale, the chief executive officer now owns 168,833 shares of the company’s stock, valued at approximately $20,280,219.96. This trade represents a 3.06 % 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. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $108.40, for a total value of $216,800.00. Following the transaction, the senior vice president now owns 6,420 shares in the company, valued at approximately $695,928. The trade was a 23.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,639 shares of company stock worth $2,448,077 over the last three months. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Allison Transmission

Hedge funds have recently modified their holdings of the company. SRH Advisors LLC acquired a new position in Allison Transmission in the 4th quarter valued at about $26,000. World Investment Advisors LLC acquired a new position in Allison Transmission in the third quarter valued at approximately $29,000. Kestra Investment Management LLC acquired a new position in Allison Transmission in the fourth quarter valued at approximately $30,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Allison Transmission in the fourth quarter worth approximately $31,000. Finally, Quarry LP increased its stake in Allison Transmission by 46.7% during the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after acquiring an additional 114 shares during 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, 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.