Allison Transmission (NYSE:ALSN) Raised to “Strong-Buy” at StockNews.com

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

ALSN has been the subject of several other reports. Robert W. Baird boosted their target price on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Morgan Stanley increased their target price on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. The Goldman Sachs Group raised their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research note on Thursday, December 12th. Oppenheimer raised their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Citigroup lifted their target price on Allison Transmission from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $102.63.

Allison Transmission Trading Up 0.7 %

Allison Transmission stock opened at $109.14 on Thursday. Allison Transmission has a 52 week low of $55.19 and a 52 week high of $122.53. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of 13.29, a P/E/G ratio of 2.03 and a beta of 0.98. The company has a 50 day moving average price of $111.76 and a 200 day moving average price of $94.68.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.01 by $0.26. The business had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company posted $1.76 earnings per share. Research analysts forecast that Allison Transmission will post 8.21 EPS for the current year.

Insider Transactions at Allison Transmission

In other news, CEO David S. Graziosi sold 11,590 shares of the 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 completion of the sale, the chief executive officer now owns 168,833 shares of the company’s stock, valued at $20,165,413.52. This represents a 6.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Coll sold 2,000 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $117.73, for a total value of $235,460.00. Following the completion of the sale, the senior vice president now owns 8,420 shares in the company, valued at approximately $991,286.60. This trade represents a 19.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,380 shares of company stock worth $2,640,837 in the last three months. Insiders own 0.93% of the company’s stock.

Institutional Trading of Allison Transmission

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP lifted its position 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. Wilmington Savings Fund Society FSB bought a new position in shares of Allison Transmission during the third quarter worth approximately $67,000. Venturi Wealth Management LLC raised its position in shares of Allison Transmission by 27.8% in the third quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock valued at $71,000 after buying an additional 162 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Allison Transmission during the third quarter worth approximately $82,000. Finally, Covestor Ltd increased its stake in Allison Transmission by 35.1% during the 3rd quarter. Covestor Ltd now owns 936 shares of the auto parts company’s stock worth $90,000 after acquiring an additional 243 shares during the period. 96.90% of the stock is owned by institutional investors.

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.