Allison Transmission (NYSE:ALSN) Downgraded by StockNews.com to Buy

Allison Transmission (NYSE:ALSN) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

A number of other research analysts also recently commented on ALSN. The Goldman Sachs Group boosted their price objective on shares of Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research report on Tuesday, April 16th. JPMorgan Chase & Co. increased their price objective on Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. Oppenheimer increased their price objective on Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Robert W. Baird increased their price objective on Allison Transmission from $84.00 to $87.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Morgan Stanley started coverage on Allison Transmission in a report on Monday, January 8th. They set an “equal weight” rating and a $62.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Allison Transmission has a consensus rating of “Hold” and an average target price of $68.25.

Allison Transmission Trading Down 7.2 %

Shares of Allison Transmission stock traded down $5.74 during trading on Friday, hitting $74.52. The stock had a trading volume of 1,656,431 shares, compared to its average volume of 679,988. The stock has a 50 day simple moving average of $77.83 and a 200 day simple moving average of $64.33. The company has a market capitalization of $6.53 billion, a PE ratio of 10.02, a P/E/G ratio of 1.48 and a beta of 1.03. The company has a quick ratio of 1.94, a current ratio of 2.49 and a debt-to-equity ratio of 2.03. Allison Transmission has a 1 year low of $44.68 and a 1 year high of $83.42.

Allison Transmission (NYSE:ALSN) last released its earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.02. 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 22.17% and a return on equity of 60.35%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $1.85 earnings per share. On average, research analysts expect that Allison Transmission will post 7.74 EPS for the current fiscal year.

Insider Buying and Selling at Allison Transmission

In other news, CEO David S. Graziosi sold 76,318 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $70.57, for a total value of $5,385,761.26. Following the transaction, the chief executive officer now directly owns 125,479 shares of the company’s stock, valued at approximately $8,855,053.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Allison Transmission news, VP Niekerk Teresa Van sold 6,241 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $74.87, for a total transaction of $467,263.67. Following the completion of the sale, the vice president now owns 21,112 shares in the company, valued at approximately $1,580,655.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David S. Graziosi sold 76,318 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $70.57, for a total transaction of $5,385,761.26. Following the sale, the chief executive officer now owns 125,479 shares of the company’s stock, valued at approximately $8,855,053.03. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 87,843 shares of company stock valued at $6,244,562. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Allison Transmission

Several institutional investors and hedge funds have recently made changes to their positions in the company. Legacy Financial Advisors Inc. boosted its stake in Allison Transmission by 2.7% in the 4th 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 period. Quent Capital LLC boosted its stake in shares of Allison Transmission by 42.3% during the 4th quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock worth $41,000 after buying an additional 210 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Allison Transmission by 0.6% during the 3rd quarter. Victory Capital Management Inc. now owns 36,447 shares of the auto parts company’s stock worth $2,153,000 after buying an additional 211 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Allison Transmission by 20.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company’s stock worth $71,000 after buying an additional 212 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Allison Transmission by 4.6% during the 3rd quarter. M&T Bank Corp now owns 5,774 shares of the auto parts company’s stock worth $341,000 after buying an additional 256 shares during 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.