Brokerages Set Allison Transmission Holdings, Inc. (NYSE:ALSN) PT at $101.38

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $100.75.

Several equities research analysts have recently commented on the company. Robert W. Baird upped their price target on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 26th. Citigroup lowered their target price on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday. Morgan Stanley increased their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Finally, Bank of America raised their price objective 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.

Allison Transmission Stock Down 12.4 %

Shares of NYSE:ALSN opened at $100.03 on Thursday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. The stock has a market cap of $8.66 billion, a P/E ratio of 12.18, a P/E/G ratio of 1.82 and a beta of 1.00. Allison Transmission has a 1-year low of $61.04 and a 1-year high of $122.53. The firm has a fifty day moving average price of $113.61 and a 200 day moving average price of $103.66.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.11. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. Sell-side analysts predict that Allison Transmission will post 8.22 EPS for the current year.

Insiders Place Their Bets

In related news, CEO David S. Graziosi sold 1,723 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total value of $207,207.98. Following the sale, the chief executive officer now owns 168,833 shares of the company’s stock, valued at approximately $20,303,856.58. This represents a 1.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John Coll sold 2,000 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total value of $216,800.00. Following the sale, the senior vice president now owns 6,420 shares in the company, valued at approximately $695,928. This trade represents a 23.75 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,639 shares of company stock worth $2,683,537. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Allison Transmission

Several institutional investors and hedge funds have recently made changes to their positions in the stock. SRH Advisors LLC acquired a new position in Allison Transmission in the 4th quarter valued at about $26,000. Kestra Investment Management LLC acquired a new position in shares of Allison Transmission in the fourth quarter valued at approximately $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Allison Transmission in the fourth quarter valued at approximately $31,000. Quarry LP lifted its stake in shares of Allison Transmission by 46.7% during the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after buying an additional 114 shares during the period. Finally, SJS Investment Consulting Inc. boosted its position in Allison Transmission by 1,650.0% during the fourth quarter. SJS Investment Consulting Inc. now owns 420 shares of the auto parts company’s stock worth $45,000 after acquiring an additional 396 shares during the last quarter. 96.90% of the stock is currently 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.