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

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

A number of other research analysts also recently issued reports on ALSN. Oppenheimer upped their price target on Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Robert W. Baird upped their price target on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group increased 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. Citigroup raised their target price on shares of Allison Transmission from $115.00 to $125.00 and gave the company a “neutral” rating in a research note on Wednesday, November 20th. Finally, Bank of America increased their target price on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Allison Transmission has a consensus rating of “Hold” and a consensus target price of $94.25.

Allison Transmission Trading Up 0.2 %

NYSE:ALSN opened at $116.98 on Monday. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. Allison Transmission has a 12 month low of $54.06 and a 12 month high of $122.53. The company has a 50-day moving average price of $107.16 and a 200-day moving average price of $90.66. The stock has a market cap of $10.13 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 2.07 and a beta of 0.98.

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

Insider Buying and Selling

In other Allison Transmission news, CEO David S. Graziosi sold 5,326 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $120.12, for a total transaction of $639,759.12. Following the sale, the chief executive officer now owns 168,833 shares in the company, valued at approximately $20,280,219.96. This trade represents a 3.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas Eifert sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $95.00, for a total transaction of $190,000.00. Following the completion of the transaction, the vice president now directly owns 9,601 shares of the company’s stock, valued at approximately $912,095. This trade represents a 17.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,380 shares of company stock worth $2,830,837. 0.93% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Allison Transmission

Hedge funds have recently bought and sold shares of the business. Versant Capital Management Inc boosted its position in shares of Allison Transmission by 1,200.0% during the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock valued at $28,000 after acquiring an additional 336 shares during the last quarter. World Investment Advisors LLC purchased a new position in Allison Transmission during the third quarter worth about $29,000. Triad Wealth Partners LLC acquired a new stake in shares of Allison Transmission during the second quarter valued at about $33,000. Quarry LP raised its stake in shares of Allison Transmission by 46.7% in the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after acquiring an additional 114 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of Allison Transmission by 139.8% during the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after buying an additional 506 shares during the period. 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.