Allison Transmission Holdings, Inc. (NYSE:ALSN) Given Average Recommendation of “Hold” by Brokerages

Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have earned a consensus rating of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $101.38.

ALSN has been the topic of a number of analyst reports. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 26th. Oppenheimer increased their target price on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Robert W. Baird increased their target price on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. The Goldman Sachs Group increased their target price on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. Finally, Citigroup decreased their target price on Allison Transmission from $130.00 to $120.00 and set a “neutral” rating on the stock in a report on Tuesday, January 14th.

Allison Transmission Stock Performance

Shares of NYSE ALSN opened at $114.35 on Thursday. The business has a fifty day simple moving average of $113.71 and a 200 day simple moving average of $103.26. Allison Transmission has a one year low of $61.04 and a one year high of $122.53. The firm has a market capitalization of $9.91 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 1.82 and a beta of 1.00. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48.

Insider Buying and Selling at Allison Transmission

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

Institutional Investors Weigh In On Allison Transmission

A number of hedge funds have recently modified their holdings of ALSN. SRH Advisors LLC acquired a new stake in shares of Allison Transmission during the fourth quarter worth about $26,000. World Investment Advisors LLC bought a new position in shares of Allison Transmission during the third quarter worth about $29,000. Kestra Investment Management LLC bought a new position in shares of Allison Transmission during the fourth quarter worth about $30,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Allison Transmission during the fourth quarter worth about $31,000. Finally, Quarry LP grew its holdings 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 worth $34,000 after buying an additional 114 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

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.