Allison Transmission (NYSE:ALSN) Upgraded to Strong-Buy at StockNews.com

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

A number of other equities analysts also recently commented on the company. Bank of America increased their price objective on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. Robert W. Baird increased their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, October 11th. Citigroup increased their target price on shares of Allison Transmission from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, The Goldman Sachs Group upped their price target on Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Allison Transmission currently has an average rating of “Hold” and an average target price of $94.88.

Allison Transmission Stock Up 0.1 %

Shares of NYSE:ALSN traded up $0.16 during trading on Tuesday, reaching $113.96. 562,376 shares of the company traded hands, compared to its average volume of 611,561. The firm has a fifty day simple moving average of $109.19 and a 200 day simple moving average of $92.10. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. Allison Transmission has a 1-year low of $54.97 and a 1-year high of $122.53. The firm has a market cap of $9.87 billion, a P/E ratio of 13.88, a price-to-earnings-growth ratio of 2.09 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The firm had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. During the same quarter last year, the firm earned $1.76 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. Analysts anticipate that Allison Transmission will post 8.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Allison Transmission news, VP Thomas Eifert sold 2,000 shares of the stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $95.00, for a total value of $190,000.00. Following the completion of the sale, the vice president now directly owns 9,601 shares of the company’s stock, valued at $912,095. This represents a 17.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David S. Graziosi sold 1,723 shares of the business’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total transaction of $207,207.98. Following the transaction, the chief executive officer now owns 168,833 shares in the company, valued at approximately $20,303,856.58. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,380 shares of company stock valued at $2,830,837. Insiders own 0.93% of the company’s stock.

Institutional Trading of Allison Transmission

A number of hedge funds have recently modified their holdings of the company. Quarry LP lifted its holdings in shares of Allison Transmission by 46.7% during the 3rd 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 period. Triad Wealth Partners LLC bought a new position in Allison Transmission during the second quarter worth about $33,000. Wilmington Savings Fund Society FSB bought a new position in Allison Transmission during the third quarter worth about $67,000. Venturi Wealth Management LLC boosted its holdings in Allison Transmission by 27.8% during the third quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock valued at $71,000 after purchasing an additional 162 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Allison Transmission in the 3rd quarter valued at approximately $82,000. Institutional investors 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.