Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives Consensus Recommendation of “Hold” from Analysts

Allison Transmission Holdings, Inc. (NYSE:ALSN) has earned an average rating of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $101.38.

Several research firms recently commented on ALSN. The Goldman Sachs Group upped their price target 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. Citigroup reduced their target price on shares of Allison Transmission from $130.00 to $120.00 and set a “neutral” rating for the company in a report on Tuesday, January 14th. Bank of America raised their price target on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 26th. Finally, Morgan Stanley increased their price objective on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th.

Allison Transmission Price Performance

Shares of NYSE ALSN opened at $114.42 on Thursday. The stock has a market cap of $9.91 billion, a P/E ratio of 13.94, a P/E/G ratio of 1.86 and a beta of 1.00. Allison Transmission has a twelve month low of $60.86 and a twelve month high of $122.53. The stock has a 50 day moving average of $113.91 and a two-hundred day moving average of $102.60. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48.

Insider Buying and Selling at Allison Transmission

In other news, CEO David S. Graziosi sold 1,723 shares of Allison Transmission stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total value of $207,207.98. Following the completion of the sale, the chief executive officer now owns 168,833 shares of the company’s stock, valued at $20,303,856.58. The trade was a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on 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 transaction, the senior vice president now owns 8,420 shares of the company’s stock, valued at $991,286.60. The trade was a 19.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,639 shares of company stock worth $2,683,537. 0.93% of the stock is owned by insiders.

Institutional Trading of Allison Transmission

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Williamson Legacy Group LLC purchased a new stake in Allison Transmission in the fourth quarter valued at approximately $362,000. QRG Capital Management Inc. increased its holdings in shares of Allison Transmission by 3.1% during the 4th quarter. QRG Capital Management Inc. now owns 4,751 shares of the auto parts company’s stock worth $513,000 after buying an additional 144 shares during the last quarter. Versor Investments LP raised its position in shares of Allison Transmission by 60.7% in the 4th quarter. Versor Investments LP now owns 8,205 shares of the auto parts company’s stock worth $887,000 after buying an additional 3,100 shares during the period. Proficio Capital Partners LLC acquired a new position in Allison Transmission in the fourth quarter valued at $42,000. Finally, Oppenheimer & Co. Inc. grew its position in Allison Transmission by 4.4% during the fourth quarter. Oppenheimer & Co. Inc. now owns 14,529 shares of the auto parts company’s stock valued at $1,570,000 after acquiring an additional 612 shares during the period. 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.