Allison Transmission (NYSE:ALSN) Downgraded 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 research note issued to investors on Thursday morning.

Other research analysts have also recently issued reports about the stock. Morgan Stanley raised their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Citigroup decreased their price objective on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday. Bank of America boosted their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group raised their target price on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 12th. Finally, Robert W. Baird upped their price target on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $100.75.

Allison Transmission Trading Up 3.2 %

Allison Transmission stock opened at $104.88 on Thursday. Allison Transmission has a 1 year low of $67.61 and a 1 year high of $122.53. The firm’s 50 day moving average price is $112.69 and its two-hundred day moving average price is $103.85. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 1.82 and a beta of 1.00. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83.

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

Insider Activity at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total transaction of $216,800.00. Following the transaction, the senior vice president now owns 6,420 shares in the company, valued at $695,928. This represents a 23.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David S. Graziosi sold 11,590 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $119.44, for a total transaction of $1,384,309.60. Following the transaction, the chief executive officer now owns 168,833 shares in the company, valued at $20,165,413.52. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,639 shares of company stock valued at $2,448,077. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

Hedge funds have recently bought and sold shares of the business. Transce3nd LLC acquired a new stake in shares of Allison Transmission in the fourth quarter worth about $25,000. SRH Advisors LLC bought a new position in shares of Allison Transmission in the 4th quarter valued at approximately $26,000. World Investment Advisors LLC acquired a new stake in Allison Transmission in the 3rd quarter worth approximately $29,000. Kestra Investment Management LLC bought a new stake in Allison Transmission during the fourth quarter worth approximately $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Allison Transmission during the fourth quarter valued at approximately $31,000. 96.90% of the stock is owned by institutional investors and hedge funds.

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.