Allison Transmission (NYSE:ALSN) Upgraded to Strong-Buy by StockNews.com

StockNews.com upgraded shares of Allison Transmission (NYSE:ALSN) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday morning.

Several other equities analysts have also recently commented on the stock. Raymond James assumed coverage on shares of Allison Transmission in a research report on Friday, June 28th. They issued an outperform rating and a $85.00 target price for the company. Citigroup began coverage on shares of Allison Transmission in a research report on Wednesday, June 26th. They set a neutral rating and a $80.00 price objective for the company. JPMorgan Chase & Co. raised 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. The Goldman Sachs Group boosted their price target on Allison Transmission from $63.00 to $72.00 and gave the stock a sell rating in a report on Monday, July 29th. Finally, Robert W. Baird raised their price objective on Allison Transmission from $87.00 to $90.00 and gave the company a neutral rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Allison Transmission presently has a consensus rating of Hold and an average price target of $79.57.

Allison Transmission Trading Up 1.6 %

Shares of ALSN stock opened at $83.81 on Friday. The stock has a 50 day simple moving average of $77.99 and a 200 day simple moving average of $75.17. Allison Transmission has a 1 year low of $50.13 and a 1 year high of $89.63. The company has a current ratio of 2.78, a quick ratio of 1.95 and a debt-to-equity ratio of 1.62. The stock has a market cap of $7.30 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last released its earnings results on Thursday, July 25th. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.09. The company had revenue of $816.00 million for the quarter, compared to analyst estimates of $799.44 million. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. Allison Transmission’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.92 EPS. On average, research analysts predict that Allison Transmission will post 7.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $75.06, for a total value of $150,120.00. Following the completion of the transaction, the senior vice president now owns 14,420 shares of the company’s stock, valued at $1,082,365.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Rafael Basso sold 12,624 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total transaction of $940,235.52. Following the completion of the transaction, the vice president now directly owns 4,624 shares of the company’s stock, valued at approximately $344,395.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $75.06, for a total value of $150,120.00. Following the completion of the sale, the senior vice president now owns 14,420 shares in the company, valued at approximately $1,082,365.20. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Allison Transmission

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in Allison Transmission by 6.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,863,151 shares of the auto parts company’s stock valued at $108,345,000 after buying an additional 118,648 shares during the period. Norges Bank acquired a new position in shares of Allison Transmission in the 4th quarter valued at about $56,334,000. Allianz Asset Management GmbH lifted its stake in shares of Allison Transmission by 7.7% in the 4th quarter. Allianz Asset Management GmbH now owns 941,405 shares of the auto parts company’s stock valued at $54,743,000 after purchasing an additional 67,332 shares during the period. Wasatch Advisors LP boosted its position in shares of Allison Transmission by 14.6% during the 4th quarter. Wasatch Advisors LP now owns 885,555 shares of the auto parts company’s stock valued at $51,495,000 after purchasing an additional 112,775 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Allison Transmission by 12.8% during the second quarter. Bank of New York Mellon Corp now owns 683,831 shares of the auto parts company’s stock worth $51,903,000 after purchasing an additional 77,649 shares during the period. 96.90% of the stock is currently owned by 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.