Allison Transmission (NYSE:ALSN) Downgraded by StockNews.com 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 note issued to investors on Monday.

Several other analysts have also commented on ALSN. 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 report on Wednesday, October 30th. Bank of America increased their target price on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Oppenheimer upped their price target on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group raised their price objective on Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $94.25.

Allison Transmission Stock Down 1.5 %

ALSN stock traded down $1.75 during trading on Monday, hitting $116.75. 719,113 shares of the company’s stock traded hands, compared to its average volume of 613,397. The firm has a market capitalization of $10.11 billion, a P/E ratio of 14.22, a PEG ratio of 2.11 and a beta of 0.98. Allison Transmission has a 1 year low of $54.06 and a 1 year high of $122.53. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. The business has a fifty day simple moving average of $106.68 and a two-hundred day simple moving average of $90.37.

Allison Transmission (NYSE:ALSN) last announced 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. The business had revenue of $824.00 million for the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business posted $1.76 EPS. Sell-side analysts anticipate that Allison Transmission will post 8.21 EPS for the current year.

Insider Buying and Selling

In related news, VP Thomas Eifert sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $95.00, for a total transaction of $190,000.00. Following the sale, the vice president now directly owns 9,601 shares of the company’s stock, valued at $912,095. This trade represents a 17.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David S. Graziosi sold 1,723 shares of the business’s stock in a transaction that occurred 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 directly owns 168,833 shares of the company’s stock, valued at $20,303,856.58. The trade was a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,380 shares of company stock worth $2,830,837. 1.10% of the stock is owned by company insiders.

Institutional Trading of Allison Transmission

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC boosted its position in Allison Transmission by 24.3% during the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock worth $1,224,479,000 after purchasing an additional 2,493,310 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of Allison Transmission in the third quarter valued at about $52,156,000. Loomis Sayles & Co. L P raised its position in shares of Allison Transmission by 252.5% in the third quarter. Loomis Sayles & Co. L P now owns 593,044 shares of the auto parts company’s stock valued at $56,974,000 after buying an additional 424,813 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Allison Transmission by 34.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock worth $87,896,000 after buying an additional 233,214 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its position in Allison Transmission by 257.8% during the second quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company’s stock worth $24,245,000 after acquiring an additional 230,152 shares during the last quarter. Institutional investors and hedge funds 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.