By otakuyassine3@gmail.com 
Allison Transmission (NYSE:ALSN – Get Free Report) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.
A number of other analysts also recently issued reports on the company. Morgan Stanley raised their target price on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Bank of America raised their price objective on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. Oppenheimer lifted their target price on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note 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 company a “neutral” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group lifted their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Allison Transmission presently has a consensus rating of “Hold” and a consensus price target of $102.63.
Get Our Latest Analysis on Allison Transmission
Allison Transmission Price Performance
NYSE ALSN traded down $5.34 during trading hours on Wednesday, hitting $106.85. 789,748 shares of the company’s stock traded hands, compared to its average volume of 614,236. The company has a market capitalization of $9.26 billion, a PE ratio of 13.01, a PEG ratio of 2.03 and a beta of 0.98. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. Allison Transmission has a 52-week low of $55.19 and a 52-week high of $122.53. The firm’s 50-day moving average is $111.01 and its 200-day moving average is $93.58.
Allison Transmission (NYSE:ALSN – Get Free Report) last posted its quarterly earnings results 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 business had revenue of $824.00 million during the quarter, compared to analyst estimates of $790.08 million. During the same period in the prior year, the business earned $1.76 earnings per share. The business’s revenue was up 12.0% compared to the same quarter last year. Equities analysts forecast that Allison Transmission will post 8.21 EPS for the current fiscal year.
Insider Buying and Selling
In other Allison Transmission news, CEO David S. Graziosi sold 1,723 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total value of $207,207.98. Following the completion of the transaction, the chief executive officer now owns 168,833 shares in the company, valued at $20,303,856.58. The trade was a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Thomas Eifert sold 2,000 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $95.00, for a total value of $190,000.00. Following the sale, the vice president now directly owns 9,601 shares in the company, valued at $912,095. This represents a 17.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,380 shares of company stock valued at $2,830,837. Corporate insiders own 1.10% of the company’s stock.
Institutional Trading of Allison Transmission
Large investors have recently made changes to their positions in the company. Quarry LP raised its stake in Allison Transmission by 46.7% in the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after buying an additional 114 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Allison Transmission in the 3rd quarter valued at about $67,000. Venturi Wealth Management LLC raised its position in shares of Allison Transmission by 27.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock worth $71,000 after acquiring an additional 162 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Allison Transmission during the third quarter worth approximately $82,000. Finally, Fifth Third Bancorp lifted its stake in 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 purchasing an additional 506 shares during the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading
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