Allison Transmission Holdings, Inc. (NYSE:ALSN) Receives Consensus Recommendation of “Hold” from Analysts

Allison Transmission Holdings, Inc. (NYSE:ALSN) has received an average rating of “Hold” from the ten research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and two have given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $102.00.

A number of research firms recently weighed in on ALSN. JPMorgan Chase & Co. raised their target price on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Citigroup increased their price objective on shares of Allison Transmission from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Zacks Research raised shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Weiss Ratings upgraded shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, Wells Fargo & Company upped their target price on shares of Allison Transmission from $85.00 to $98.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd.

Insider Transactions at Allison Transmission

In other news, SVP John Coll sold 1,791 shares of Allison Transmission stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $98.79, for a total value of $176,932.89. Following the completion of the transaction, the senior vice president owned 10,021 shares in the company, valued at approximately $989,974.59. The trade was a 15.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Allison Transmission

Several hedge funds and other institutional investors have recently modified their holdings of the business. Rossby Financial LCC boosted its holdings in Allison Transmission by 107.0% during the 3rd quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock valued at $25,000 after acquiring an additional 153 shares during the period. Larson Financial Group LLC lifted its position in shares of Allison Transmission by 536.7% during the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock worth $31,000 after purchasing an additional 263 shares during the last quarter. Transamerica Financial Advisors LLC boosted its stake in shares of Allison Transmission by 2,112.5% during the fourth quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock valued at $35,000 after purchasing an additional 338 shares during the period. Cullen Frost Bankers Inc. boosted its stake in shares of Allison Transmission by 3,108.3% during the second quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 373 shares during the period. Finally, Employees Retirement System of Texas bought a new position in shares of Allison Transmission in the second quarter worth about $38,000. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Trading Up 1.7%

Shares of ALSN stock opened at $117.71 on Monday. Allison Transmission has a 12-month low of $76.01 and a 12-month high of $118.75. The company has a current ratio of 3.82, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30. The stock’s 50-day moving average price is $105.47 and its 200-day moving average price is $92.72. The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 1.23 and a beta of 0.97.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.