Allison Transmission (NYSE:ALSN) Lifted to “Strong-Buy” at StockNews.com

Allison Transmission (NYSE:ALSN) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday.

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

Allison Transmission Stock Down 0.3 %

NYSE:ALSN traded down $0.25 during trading hours on Tuesday, reaching $86.10. 320,552 shares of the company traded hands, compared to its average volume of 630,337. The stock has a market capitalization of $7.53 billion, a P/E ratio of 11.50, a P/E/G ratio of 1.56 and a beta of 0.99. The business’s 50-day moving average price is $80.29 and its two-hundred day moving average price is $77.11. 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.

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

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total value 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 $344,395.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Rafael Basso sold 12,624 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $74.48, for a total transaction of $940,235.52. Following the sale, the vice president now directly owns 4,624 shares in the company, valued at approximately $344,395.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the senior vice president now directly owns 14,420 shares of the company’s stock, valued at $1,082,365.20. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

Hedge funds and other institutional investors have recently modified their holdings of the business. Versant Capital Management Inc increased its holdings in shares of Allison Transmission by 1,200.0% during the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after buying an additional 336 shares during the last quarter. Triad Wealth Partners LLC purchased a new stake in shares of Allison Transmission during the second quarter worth approximately $33,000. SRS Capital Advisors Inc. lifted its position in shares of Allison Transmission by 256.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock worth $34,000 after purchasing an additional 426 shares during the last quarter. TFO Wealth Partners LLC lifted its stake in Allison Transmission by 8,975.0% during the fourth quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 718 shares during the last quarter. Finally, Headlands Technologies LLC raised its stake in Allison Transmission by 237.4% during the 4th quarter. Headlands Technologies LLC now owns 1,110 shares of the auto parts company’s stock worth $65,000 after acquiring an additional 781 shares in the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

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.