Allison Transmission (NYSE:ALSN) Raised to Strong-Buy at StockNews.com

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

A number of other brokerages also recently weighed in on ALSN. JPMorgan Chase & Co. raised their price objective on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Robert W. Baird lifted their price target on shares of Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. The Goldman Sachs Group boosted their price objective on shares of Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research note on Tuesday, April 16th. Oppenheimer lifted their target price on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, Raymond James began coverage on shares of Allison Transmission in a report on Friday, June 28th. They set an “outperform” rating and a $85.00 price target for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $75.25.

Allison Transmission Stock Up 1.0 %

Shares of NYSE ALSN traded up $0.76 during trading hours on Wednesday, hitting $75.06. The stock had a trading volume of 378,965 shares, compared to its average volume of 636,707. The company has a market capitalization of $6.57 billion, a P/E ratio of 10.02, a P/E/G ratio of 1.38 and a beta of 1.00. The firm’s 50-day moving average price is $74.92 and its two-hundred day moving average price is $71.69. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.95 and a current ratio of 2.51. Allison Transmission has a 52 week low of $50.13 and a 52 week high of $83.42.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.01. The business had revenue of $789.00 million for the quarter, compared to the consensus estimate of $772.37 million. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. Allison Transmission’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.85 EPS. Analysts anticipate that Allison Transmission will post 7.65 EPS for the current fiscal year.

Insider Activity at Allison Transmission

In related news, VP Rafael Basso sold 12,624 shares of the company’s stock in a transaction 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 in the company, valued at $344,395.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 sale, the senior vice president now directly owns 14,420 shares in the company, valued at approximately $1,082,365.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Rafael Basso sold 12,624 shares of the firm’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 transaction, the vice president now owns 4,624 shares of the company’s stock, valued at approximately $344,395.52. The disclosure for this sale can be found here. Corporate insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quent Capital LLC grew its position in Allison Transmission by 24.0% during the 2nd quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock worth $68,000 after acquiring an additional 172 shares during the last quarter. Legacy Financial Advisors Inc. grew its holdings in shares of Allison Transmission by 2.7% during the fourth quarter. Legacy Financial Advisors Inc. now owns 6,813 shares of the auto parts company’s stock worth $396,000 after purchasing an additional 180 shares during the last quarter. Linden Thomas Advisory Services LLC increased its stake in shares of Allison Transmission by 0.8% in the second quarter. Linden Thomas Advisory Services LLC now owns 26,798 shares of the auto parts company’s stock valued at $2,034,000 after buying an additional 210 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Allison Transmission by 20.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company’s stock valued at $71,000 after buying an additional 212 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in Allison Transmission by 4.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 5,512 shares of the auto parts company’s stock worth $447,000 after buying an additional 255 shares in the last quarter. 96.90% of the stock is owned by 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.