Allison Transmission (NYSE:ALSN) Stock Rating Lowered by StockNews.com

Allison Transmission (NYSE:ALSN) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

Other equities analysts have also recently issued reports about the company. Citigroup cut their price target on Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. JPMorgan Chase & Co. decreased their price target on shares of Allison Transmission from $129.00 to $110.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 18th. Morgan Stanley boosted their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group raised their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Allison Transmission has an average rating of “Hold” and a consensus price target of $102.00.

Allison Transmission Stock Performance

NYSE ALSN opened at $96.01 on Thursday. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. The business’s 50 day moving average is $105.16 and its two-hundred day moving average is $106.18. The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of 11.55 and a beta of 1.02. Allison Transmission has a 12-month low of $71.49 and a 12-month high of $122.53.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share 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%. Research analysts expect that Allison Transmission will post 9.06 EPS for the current year.

Allison Transmission announced that its board has approved a share repurchase 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 purchase up to 57.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total value of $216,800.00. Following the transaction, the senior vice president now owns 6,420 shares in the company, valued at $695,928. The trade was a 23.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Ryan A. Milburn sold 4,546 shares of Allison Transmission stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $96.20, for a total value of $437,325.20. Following the sale, the vice president now directly owns 14,138 shares in the company, valued at approximately $1,360,075.60. The trade was a 24.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

Several institutional investors and hedge funds have recently made changes to their positions in ALSN. FMR LLC raised its stake in shares of Allison Transmission by 1.9% in the 4th 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 stake in Allison Transmission by 3.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,652,996 shares of the auto parts company’s stock valued at $286,683,000 after buying an additional 76,840 shares in the last quarter. Loomis Sayles & Co. L P lifted its holdings in Allison Transmission by 301.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company’s stock worth $257,046,000 after buying an additional 1,785,687 shares during the last quarter. Geode Capital Management LLC grew its position in shares of 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 acquiring an additional 79,506 shares in the last quarter. Finally, State Street Corp raised its position in shares of 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 valued at $161,597,000 after acquiring an additional 13,252 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other 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.