Allison Transmission (NYSE:ALSN) Upgraded by StockNews.com to “Strong-Buy” Rating

StockNews.com upgraded shares of Allison Transmission (NYSE:ALSN) from a buy rating to a strong-buy rating in a report issued on Thursday morning.

Several other analysts also recently issued reports on the stock. Robert W. Baird upped their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Bank of America increased their target price on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a report on Wednesday, October 30th. Oppenheimer boosted their price target on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Citigroup increased their price objective on Allison Transmission from $125.00 to $130.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. Finally, The Goldman Sachs Group boosted their target price on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $102.63.

Allison Transmission Stock Performance

ALSN opened at $110.01 on Thursday. Allison Transmission has a 1-year low of $55.19 and a 1-year high of $122.53. The stock has a market cap of $9.53 billion, a P/E ratio of 13.40, a P/E/G ratio of 2.03 and a beta of 0.98. The stock’s 50 day simple moving average is $111.95 and its 200 day simple moving average is $94.79. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The company had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. During the same quarter in the prior year, the company earned $1.76 earnings per share. Allison Transmission’s revenue was up 12.0% compared to the same quarter last year. As a group, equities analysts anticipate that Allison Transmission will post 8.21 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.91%. Allison Transmission’s payout ratio is currently 12.18%.

Insider Activity at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $117.73, for a total value of $235,460.00. Following the transaction, the senior vice president now owns 8,420 shares in the company, valued at approximately $991,286.60. This trade represents a 19.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO David S. Graziosi sold 11,590 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $119.44, for a total transaction of $1,384,309.60. Following the sale, the chief executive officer now owns 168,833 shares of the company’s stock, valued at approximately $20,165,413.52. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,380 shares of company stock worth $2,640,837. 0.93% of the stock is owned by company insiders.

Hedge Funds Weigh In On Allison Transmission

A number of hedge funds have recently made changes to their positions in ALSN. Glenmede Trust Co. NA increased its holdings in Allison Transmission by 4.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company’s stock valued at $9,333,000 after purchasing an additional 4,261 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Allison Transmission in the third quarter worth about $947,000. Franklin Resources Inc. grew its stake in shares of Allison Transmission by 46.8% in the third quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company’s stock valued at $24,955,000 after buying an additional 79,745 shares in the last quarter. Tri Ri Asset Management Corp purchased a new stake in shares of Allison Transmission during the 3rd quarter valued at about $5,932,000. Finally, Oppenheimer & Co. Inc. lifted its position in Allison Transmission by 133.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 13,917 shares of the auto parts company’s stock worth $1,337,000 after acquiring an additional 7,944 shares in the last quarter. Hedge funds and other institutional investors 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.