StockNews.com Lowers Allison Transmission (NYSE:ALSN) to Buy

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

ALSN has been the subject of several other research reports. Raymond James assumed coverage on Allison Transmission in a research report on Friday, June 28th. They issued an “outperform” rating and a $85.00 target price for the company. The Goldman Sachs Group lifted their target price on Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research note on Tuesday, April 16th. Oppenheimer increased their price target on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Citigroup assumed coverage on shares of Allison Transmission in a research report on Wednesday, June 26th. They set a “neutral” rating and a $80.00 price objective on the stock. Finally, Robert W. Baird increased their target price on shares of Allison Transmission from $84.00 to $87.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. One research analyst has 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 MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $75.25.

Allison Transmission Trading Up 0.9 %

NYSE ALSN traded up $0.77 on Thursday, hitting $83.85. 891,477 shares of the company were exchanged, compared to its average volume of 637,499. Allison Transmission has a twelve month low of $50.13 and a twelve month high of $85.64. The company’s 50 day moving average price is $75.44 and its 200-day moving average price is $72.45. The firm has a market capitalization of $7.34 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 1.53 and a beta of 1.00. The company has a debt-to-equity ratio of 1.79, a current ratio of 2.51 and a quick ratio of 1.95.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.01. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The business had revenue of $789.00 million for the quarter, compared to analyst estimates of $772.37 million. During the same quarter in the previous year, the business earned $1.85 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. Analysts predict that Allison Transmission will post 7.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $75.06, for a total value of $150,120.00. Following the transaction, the senior vice president now directly owns 14,420 shares of the company’s stock, valued at approximately $1,082,365.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $74.48, for a total transaction of $940,235.52. Following the completion of the transaction, the vice president now owns 4,624 shares of the company’s stock, valued at approximately $344,395.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $75.06, for a total value of $150,120.00. Following the completion of the sale, the senior vice president now directly owns 14,420 shares in the company, valued at $1,082,365.20. 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

Large investors have recently made changes to their positions in the business. NewEdge Wealth LLC increased its position in Allison Transmission by 9.1% in the 4th quarter. NewEdge Wealth LLC now owns 519,845 shares of the auto parts company’s stock worth $30,229,000 after buying an additional 43,243 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Allison Transmission by 43.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,638 shares of the auto parts company’s stock worth $2,712,000 after acquiring an additional 14,168 shares during the period. GSA Capital Partners LLP acquired a new position in Allison Transmission during the 1st quarter valued at $1,229,000. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in Allison Transmission in the 1st quarter valued at $1,342,000. Finally, UBS Group AG grew its position in Allison Transmission by 35.7% in the 4th quarter. UBS Group AG now owns 135,039 shares of the auto parts company’s stock worth $7,853,000 after purchasing an additional 35,501 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

About Allison Transmission

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.