StockNews.com Upgrades Allison Transmission (NYSE:ALSN) to “Strong-Buy”

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

Other research analysts have also recently issued reports about the company. Citigroup boosted their target price on Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a research note on Wednesday. Robert W. Baird boosted their target price on Allison Transmission from $87.00 to $90.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. The Goldman Sachs Group boosted their target price on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research note on Monday, July 29th. Finally, Raymond James began coverage on Allison Transmission in a research note on Friday, June 28th. They issued an “outperform” rating and a $85.00 target price for the company. One analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $86.86.

Allison Transmission Stock Up 2.1 %

Shares of Allison Transmission stock opened at $100.25 on Thursday. The company has a quick ratio of 2.19, a current ratio of 2.78 and a debt-to-equity ratio of 1.62. Allison Transmission has a 12 month low of $50.13 and a 12 month high of $100.73. The business has a fifty day simple moving average of $89.94 and a 200 day simple moving average of $82.11. The stock has a market cap of $8.74 billion, a PE ratio of 13.02, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.09. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The business had revenue of $816.00 million during the quarter, compared to analysts’ expectations of $799.44 million. During the same period in the previous year, the firm earned $1.92 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. Research analysts predict that Allison Transmission will post 7.85 EPS for the current year.

Insider Buying and Selling

In related news, VP Thomas Eifert sold 1,741 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the transaction, the vice president now directly owns 9,601 shares in the company, valued at approximately $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP John Coll sold 2,000 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the completion of the transaction, the senior vice president now directly owns 12,420 shares in the company, valued at approximately $1,129,971.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas Eifert sold 1,741 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $100.00, for a total value of $174,100.00. Following the transaction, the vice president now directly owns 9,601 shares of the company’s stock, valued at $960,100. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,741 shares of company stock worth $546,060. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Quent Capital LLC boosted its position in Allison Transmission by 24.0% during the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after purchasing an additional 172 shares during the last quarter. Miller Howard Investments Inc. NY boosted its position in Allison Transmission by 2.1% during the second quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company’s stock valued at $676,000 after purchasing an additional 186 shares during the last quarter. Americana Partners LLC boosted its position in Allison Transmission by 3.9% during the second quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company’s stock valued at $385,000 after purchasing an additional 191 shares during the last quarter. Raymond James Trust N.A. boosted its position in Allison Transmission by 4.1% during the second quarter. Raymond James Trust N.A. now owns 5,072 shares of the auto parts company’s stock valued at $385,000 after purchasing an additional 200 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its position in Allison Transmission by 0.8% during the second quarter. Linden Thomas Advisory Services LLC now owns 26,798 shares of the auto parts company’s stock valued at $2,034,000 after purchasing an additional 210 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

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.