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

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

Other analysts have also recently issued reports about the company. Oppenheimer boosted their price target on Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Morgan Stanley started coverage on Allison Transmission in a report on Monday, January 8th. They issued an “equal weight” rating and a $62.00 target price on the stock. The Goldman Sachs Group upped their target price on Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a report on Tuesday, April 16th. Robert W. Baird upped their target price on Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a report on Friday. Finally, JPMorgan Chase & Co. upped their target price on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $68.25.

Allison Transmission Stock Performance

NYSE:ALSN opened at $74.49 on Friday. The stock has a market cap of $6.53 billion, a P/E ratio of 9.95, a price-to-earnings-growth ratio of 1.48 and a beta of 1.03. The company has a current ratio of 2.49, a quick ratio of 1.94 and a debt-to-equity ratio of 2.03. The stock’s 50-day moving average is $77.83 and its 200-day moving average is $64.36. Allison Transmission has a 1-year low of $44.68 and a 1-year high of $83.42.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.02. The company had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $772.37 million. Allison Transmission had a return on equity of 58.05% and a net margin of 21.80%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.85 earnings per share. Equities research analysts anticipate that Allison Transmission will post 7.74 earnings per share for the current year.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, CEO David S. Graziosi sold 76,318 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total value of $5,385,761.26. Following the transaction, the chief executive officer now directly owns 125,479 shares of the company’s stock, valued at $8,855,053.03. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO David S. Graziosi sold 76,318 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the transaction, the chief executive officer now directly owns 125,479 shares of the company’s stock, valued at $8,855,053.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Dana Jh Pittard sold 2,686 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $72.84, for a total value of $195,648.24. Following the transaction, the vice president now directly owns 5,143 shares in the company, valued at $374,616.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 87,843 shares of company stock valued at $6,244,562. 1.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Allison Transmission

Institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC raised its position in shares of Allison Transmission by 1,706.7% during the third quarter. Global Retirement Partners LLC now owns 542 shares of the auto parts company’s stock worth $32,000 after purchasing an additional 512 shares during the period. SRS Capital Advisors Inc. raised its position in Allison Transmission by 256.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock valued at $34,000 after buying an additional 426 shares during the last quarter. Loomis Sayles & Co. L P raised its position in Allison Transmission by 222.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 603 shares of the auto parts company’s stock valued at $36,000 after buying an additional 416 shares during the last quarter. Quent Capital LLC raised its position in Allison Transmission by 42.3% in the 4th quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock valued at $41,000 after buying an additional 210 shares during the last quarter. Finally, IFP Advisors Inc raised its position in Allison Transmission by 1,538.6% in the 3rd quarter. IFP Advisors Inc now owns 721 shares of the auto parts company’s stock valued at $43,000 after buying an additional 677 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

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.