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

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

ALSN has been the topic of several other reports. Robert W. Baird upped their target price on Allison Transmission from $103.00 to $108.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group increased their price objective 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. 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. Oppenheimer increased their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. boosted their price objective on Allison Transmission from $80.00 to $100.00 and gave the company a "neutral" rating in a report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $102.63.

Allison Transmission Trading Up 0.8 %

Shares of NYSE:ALSN traded up $0.87 during trading on Thursday, reaching $110.01. 449,662 shares of the stock were exchanged, compared to its average volume of 616,653. Allison Transmission has a 12-month low of $55.19 and a 12-month high of $122.53. The firm's 50-day moving average price is $111.95 and its 200 day moving average price is $94.79. The firm has a market cap of $9.53 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 2.03 and a beta of 0.98. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, beating analysts' consensus estimates of $2.01 by $0.26. The business had revenue of $824.00 million during the quarter, compared to analyst estimates of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The business's revenue was up 12.0% on a year-over-year basis. During the same period last year, the business earned $1.76 EPS. On average, sell-side analysts anticipate that Allison Transmission will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.91%. The ex-dividend date was Monday, November 18th. Allison Transmission's dividend payout ratio is presently 12.18%.

Insider Activity

In related news, CEO David S. Graziosi sold 5,326 shares of Allison Transmission stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $120.12, for a total transaction of $639,759.12. Following the sale, the chief executive officer now directly owns 168,833 shares in the company, valued at $20,280,219.96. The trade was a 3.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas Eifert sold 1,741 shares of the company's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the sale, the vice president now directly owns 9,601 shares of the company's stock, valued at $960,100. The trade was a 15.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,380 shares of company stock valued at $2,640,837. 0.93% of the stock is currently owned by company insiders.

Institutional Trading of Allison Transmission

A number of institutional investors have recently made changes to their positions in the stock. Glenmede Trust Co. NA grew its holdings in Allison Transmission by 4.6% during the third quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company's stock worth $9,333,000 after acquiring an additional 4,261 shares during the period. CWA Asset Management Group LLC acquired a new position in shares of Allison Transmission in the 3rd quarter worth approximately $947,000. Franklin Resources Inc. raised its holdings in shares of Allison Transmission by 46.8% in the 3rd quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company's stock worth $24,955,000 after purchasing an additional 79,745 shares in the last quarter. Tri Ri Asset Management Corp acquired a new stake in Allison Transmission during the third quarter valued at approximately $5,932,000. Finally, Oppenheimer & Co. Inc. lifted its stake in Allison Transmission by 133.0% during the third quarter. Oppenheimer & Co. Inc. now owns 13,917 shares of the auto parts company's stock valued at $1,337,000 after purchasing an additional 7,944 shares during the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

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.