Allison Transmission (NYSE:ALSN) Lifted to Strong-Buy at StockNews.com

Allison Transmission (NYSE:ALSN) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.

ALSN has been the subject of a number of other reports. Robert W. Baird increased their target price on shares of Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Raymond James began coverage on shares of Allison Transmission in a report on Friday, June 28th. They issued an “outperform” rating and a $85.00 price objective for the company. The Goldman Sachs Group increased their target price on Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a research report on Monday, July 29th. Finally, Citigroup assumed coverage on Allison Transmission in a research report on Wednesday, June 26th. They set a “neutral” rating and a $80.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $79.57.

Allison Transmission Trading Down 0.3 %

ALSN traded down $0.25 on Tuesday, hitting $86.10. 320,552 shares of the company were exchanged, compared to its average volume of 630,337. The company has a debt-to-equity ratio of 1.62, a quick ratio of 1.95 and a current ratio of 2.78. Allison Transmission has a 12 month low of $50.13 and a 12 month high of $89.63. The firm has a fifty day simple moving average of $80.29 and a two-hundred day simple moving average of $77.11. The stock has a market capitalization of $7.53 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.09. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The firm had revenue of $816.00 million for the quarter, compared to analysts’ expectations of $799.44 million. During the same quarter last year, the business earned $1.92 earnings per share. The business’s revenue was up 4.2% on a year-over-year basis. Sell-side analysts expect that Allison Transmission will post 7.89 earnings per share for the current year.

Insider Activity at Allison Transmission

In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total value of $940,235.52. Following the sale, the vice president now directly owns 4,624 shares of the company’s stock, valued at $344,395.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of Allison Transmission stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $74.48, for a total value of $940,235.52. Following the completion of the transaction, the vice president now directly owns 4,624 shares of the company’s stock, valued at $344,395.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $75.06, for a total transaction of $150,120.00. Following the completion of the transaction, the senior vice president now owns 14,420 shares in the company, valued at approximately $1,082,365.20. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Allison Transmission

A number of institutional investors and hedge funds have recently modified their holdings of ALSN. Versant Capital Management Inc grew its stake in shares of Allison Transmission by 1,200.0% in the second quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 336 shares during the period. Triad Wealth Partners LLC bought a new position in Allison Transmission during the second quarter valued at approximately $33,000. SRS Capital Advisors Inc. boosted its holdings in Allison Transmission by 256.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock worth $34,000 after purchasing an additional 426 shares during the last quarter. TFO Wealth Partners LLC grew its position in Allison Transmission by 8,975.0% in the 4th quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 718 shares during the period. Finally, Headlands Technologies LLC raised its stake in Allison Transmission by 237.4% during the 4th quarter. Headlands Technologies LLC now owns 1,110 shares of the auto parts company’s stock valued at $65,000 after buying an additional 781 shares during the last quarter. 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.