Allison Transmission (NYSE:ALSN) Stock Rating Lowered by StockNews.com

Allison Transmission (NYSE:ALSN) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

ALSN has been the subject of a number of other research reports. The Goldman Sachs Group boosted their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 12th. Citigroup decreased their price target on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Morgan Stanley raised their price objective on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. decreased their target price on Allison Transmission from $129.00 to $110.00 and set a “neutral” rating for the company in a research note on Tuesday, March 18th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Allison Transmission has an average rating of “Hold” and an average target price of $102.00.

Allison Transmission Trading Down 0.2 %

Shares of ALSN stock traded down $0.20 during trading hours on Thursday, reaching $99.18. The company had a trading volume of 798,090 shares, compared to its average volume of 601,986. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. Allison Transmission has a 1-year low of $71.49 and a 1-year high of $122.53. The company has a 50 day moving average of $105.63 and a 200 day moving average of $106.12. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 11.93 and a beta of 1.02.

Allison Transmission (NYSE:ALSN) last released 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 return on equity of 47.95% and a net margin of 22.67%. On average, equities research analysts anticipate that Allison Transmission will post 9.06 EPS for the current year.

Allison Transmission declared that its board has authorized a stock repurchase program on Thursday, February 20th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the auto parts company to repurchase up to 57.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Allison Transmission news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $108.40, for a total transaction of $216,800.00. Following the sale, the senior vice president now directly owns 6,420 shares of the company’s stock, valued at $695,928. The trade was a 23.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Ryan A. Milburn sold 4,546 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $96.20, for a total value of $437,325.20. Following the completion of the transaction, the vice president now owns 14,138 shares of the company’s stock, valued at $1,360,075.60. The trade was a 24.33 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Transce3nd LLC bought a new stake in shares of Allison Transmission during the 4th quarter worth approximately $25,000. SRH Advisors LLC acquired a new position in Allison Transmission during the fourth quarter worth $26,000. World Investment Advisors LLC bought a new stake in Allison Transmission during the third quarter worth $29,000. Kestra Investment Management LLC acquired a new stake in Allison Transmission in the fourth quarter valued at $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Allison Transmission in the 4th quarter valued at about $31,000. 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.