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

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

Other equities research analysts have also issued reports about the stock. Citigroup lifted their target price on shares of Allison Transmission from $125.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday, December 9th. The Goldman Sachs Group lifted their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. Bank of America increased their target price on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their price target on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Finally, Oppenheimer increased their price objective on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $102.63.

Allison Transmission Stock Down 1.2 %

ALSN stock opened at $108.74 on Thursday. Allison Transmission has a twelve month low of $55.19 and a twelve month high of $122.53. The firm has a market capitalization of $9.42 billion, a PE ratio of 13.24, a PEG ratio of 2.03 and a beta of 0.98. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. The stock has a 50-day simple moving average of $112.31 and a two-hundred day simple moving average of $95.13.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.26. The business had revenue of $824.00 million for 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 business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.76 EPS. On average, equities analysts predict that Allison Transmission will post 8.21 EPS for the current fiscal year.

Insider Transactions at Allison Transmission

In other news, VP Thomas Eifert sold 1,741 shares of Allison Transmission stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $100.00, for a total value of $174,100.00. Following the sale, the vice president now directly owns 9,601 shares in the company, valued at approximately $960,100. This trade represents a 15.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David S. Graziosi sold 5,326 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $120.12, for a total value of $639,759.12. Following the completion of the sale, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at $20,280,219.96. The trade was a 3.06 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,380 shares of company stock worth $2,640,837. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Glenmede Trust Co. NA increased its stake in shares of Allison Transmission by 4.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company’s stock worth $9,333,000 after acquiring an additional 4,261 shares in the last quarter. CWA Asset Management Group LLC bought a new position in shares of Allison Transmission during the third quarter valued at approximately $947,000. Franklin Resources Inc. lifted its holdings in shares of Allison Transmission by 46.8% during the third quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company’s stock valued at $24,955,000 after purchasing an additional 79,745 shares during the last quarter. Tri Ri Asset Management Corp purchased a new position in shares of Allison Transmission during the third quarter valued at approximately $5,932,000. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Allison Transmission by 133.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 13,917 shares of the auto parts company’s stock worth $1,337,000 after purchasing an additional 7,944 shares in the last quarter. Hedge funds and other 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.