Allison Transmission (NYSE:ALSN) Rating Increased to Buy at StockNews.com

Allison Transmission (NYSE:ALSN) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday.

Several other brokerages have also recently weighed in on ALSN. JPMorgan Chase & Co. reduced their price target on shares of Allison Transmission from $110.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday. Morgan Stanley upped their price objective on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Citigroup reduced their target price on shares of Allison Transmission from $108.00 to $95.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Finally, The Goldman Sachs Group raised their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $98.00.

Allison Transmission Price Performance

NYSE ALSN opened at $88.65 on Friday. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. Allison Transmission has a 12 month low of $71.49 and a 12 month high of $122.53. The company’s 50 day moving average is $98.58 and its two-hundred day moving average is $106.25. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 10.67 and a beta of 0.95.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.11. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. As a group, research analysts anticipate that Allison Transmission will post 9.06 earnings per share for the current year.

Allison Transmission announced that its Board of Directors has approved a share buyback program on Thursday, February 20th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $96.20, for a total value of $437,325.20. Following the completion of the transaction, the vice president now directly owns 14,138 shares of the company’s stock, valued at approximately $1,360,075.60. The trade was a 24.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP John Coll sold 1,788 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total transaction of $170,450.04. Following the sale, the senior vice president now owns 15,388 shares in the company, valued at approximately $1,466,938.04. This represents a 10.41 % decrease in their position. 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

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its holdings in Allison Transmission by 1.9% during the fourth quarter. FMR LLC now owns 12,993,015 shares of the auto parts company’s stock valued at $1,404,025,000 after purchasing an additional 247,318 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Allison Transmission by 3.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,652,996 shares of the auto parts company’s stock worth $286,683,000 after purchasing an additional 76,840 shares during the last quarter. Loomis Sayles & Co. L P lifted its stake in Allison Transmission by 301.1% in the 4th quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company’s stock valued at $257,046,000 after buying an additional 1,785,687 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Allison Transmission by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock worth $188,511,000 after buying an additional 79,506 shares during the last quarter. Finally, State Street Corp increased its stake in Allison Transmission by 0.8% during the 3rd quarter. State Street Corp now owns 1,682,076 shares of the auto parts company’s stock worth $161,597,000 after buying an additional 13,252 shares in the last quarter. Institutional investors and hedge funds 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.