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

StockNews.com cut shares of Allison Transmission (NYSE:ALSN - Free Report) from a strong-buy rating to a buy rating in a report published on Thursday.

Other equities analysts have also recently issued reports about the stock. Robert W. Baird upped their price objective on shares of Allison Transmission from $103.00 to $108.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Morgan Stanley boosted their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 17th. The Goldman Sachs Group lifted their price target on Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a research note on Thursday, December 12th. Citigroup cut their price objective on Allison Transmission from $120.00 to $115.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 12th. Finally, Bank of America lifted their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the company an "underperform" rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $100.75.

Allison Transmission Trading Up 3.2 %

Shares of NYSE:ALSN traded up $3.28 during trading on Thursday, reaching $104.88. 968,145 shares of the stock were exchanged, compared to its average volume of 455,052. Allison Transmission has a 12-month low of $67.61 and a 12-month high of $122.53. The firm's 50-day moving average price is $112.69 and its 200 day moving average price is $103.96. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83. The firm has a market cap of $9.08 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 1.82 and a beta of 1.00.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.11. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. On average, sell-side analysts anticipate that Allison Transmission will post 8.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Allison Transmission news, CEO David S. Graziosi sold 1,723 shares of the firm's stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $120.26, for a total transaction of $207,207.98. Following the transaction, the chief executive officer now owns 168,833 shares of the company's stock, valued at approximately $20,303,856.58. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Coll sold 2,000 shares of the business's stock in a transaction that occurred on 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. The trade was a 23.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,639 shares of company stock worth $2,448,077. Insiders own 1.10% of the company's stock.

Hedge Funds Weigh In On Allison Transmission

Several large investors have recently made changes to their positions in the business. Quantinno Capital Management LP raised its stake in Allison Transmission by 46.2% during the 4th quarter. Quantinno Capital Management LP now owns 118,430 shares of the auto parts company's stock valued at $12,798,000 after purchasing an additional 37,434 shares during the period. NDVR Inc. lifted its holdings in Allison Transmission by 4.8% in the 4th quarter. NDVR Inc. now owns 4,265 shares of the auto parts company's stock worth $461,000 after purchasing an additional 197 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Allison Transmission by 64.3% during the fourth quarter. Lazard Asset Management LLC now owns 301,365 shares of the auto parts company's stock valued at $32,564,000 after acquiring an additional 117,962 shares during the period. J. Goldman & Co LP acquired a new stake in shares of Allison Transmission in the fourth quarter worth $5,429,000. Finally, Janus Henderson Group PLC raised its position in shares of Allison Transmission by 153.0% during the fourth quarter. Janus Henderson Group PLC now owns 186,358 shares of the auto parts company's stock valued at $20,145,000 after buying an additional 112,710 shares during the last quarter. Institutional investors own 96.90% of the company's stock.

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.