Allison Transmission Holdings, Inc. (NYSE:ALSN) Given Average Recommendation of “Hold” by Brokerages

Allison Transmission Holdings, Inc. (NYSE:ALSN) has been assigned a consensus recommendation of “Hold” from the ten analysts that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $102.00.

Several research analysts recently issued reports on the company. Wells Fargo & Company increased their price objective on Allison Transmission from $85.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Citigroup upped their target price on Allison Transmission from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Raymond James Financial raised their price target on Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a research note on Monday, December 22nd. Zacks Research upgraded Allison Transmission from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Finally, Morgan Stanley increased their target price on shares of Allison Transmission from $97.00 to $109.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd.

Insider Buying and Selling at Allison Transmission

In related news, SVP John Coll sold 1,791 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total value of $176,932.89. Following the completion of the transaction, the senior vice president owned 10,021 shares of the company’s stock, valued at $989,974.59. The trade was a 15.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.20% of the company’s stock.

Institutional Trading of Allison Transmission

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can raised its position in shares of Allison Transmission by 4,032.3% in the 4th quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock worth $210,668,000 after acquiring an additional 2,099,797 shares in the last quarter. Norges Bank purchased a new position in Allison Transmission in the fourth quarter valued at about $115,674,000. Boston Partners raised its holdings in Allison Transmission by 117.6% in the third quarter. Boston Partners now owns 2,038,429 shares of the auto parts company’s stock worth $173,093,000 after purchasing an additional 1,101,824 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in Allison Transmission by 128.2% in the second quarter. Qube Research & Technologies Ltd now owns 1,215,897 shares of the auto parts company’s stock worth $115,498,000 after purchasing an additional 683,035 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Allison Transmission by 222.2% during the third quarter. UBS Group AG now owns 960,548 shares of the auto parts company’s stock valued at $81,531,000 after buying an additional 662,458 shares during the last quarter. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Performance

Shares of NYSE:ALSN opened at $117.71 on Monday. The firm’s 50 day simple moving average is $105.47 and its 200-day simple moving average is $92.72. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.06 and a current ratio of 3.82. Allison Transmission has a one year low of $76.01 and a one year high of $118.75. The firm has a market cap of $9.80 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 1.23 and a beta of 0.97.

Allison Transmission Company Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.