Allison Transmission (NYSE:ALSN) Upgraded at Wall Street Zen

Allison Transmission (NYSE:ALSN - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Saturday.

ALSN has been the topic of a number of other research reports. Citigroup dropped their price target on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Robert W. Baird dropped their price objective on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Raymond James Financial dropped their price target on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. dropped their price target on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, The Goldman Sachs Group increased their target price on Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $98.38.

Allison Transmission Stock Performance

ALSN stock traded down $1.97 during midday trading on Friday, hitting $93.44. The company's stock had a trading volume of 898,786 shares, compared to its average volume of 658,912. The stock's 50-day moving average price is $97.83 and its 200 day moving average price is $103.49. The company has a quick ratio of 2.37, a current ratio of 3.05 and a debt-to-equity ratio of 1.44. The stock has a market cap of $7.87 billion, a price-to-earnings ratio of 10.81 and a beta of 1.00. Allison Transmission has a 1 year low of $73.65 and a 1 year high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The auto parts company reported $2.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.97 by $0.26. The company had revenue of $766.00 million for the quarter, compared to the consensus estimate of $792.18 million. Allison Transmission had a net margin of 23.55% and a return on equity of 46.97%. The firm's quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.90 EPS. On average, equities analysts forecast that Allison Transmission will post 9.06 EPS for the current year.

Allison Transmission announced that its board has authorized a stock repurchase plan on Thursday, February 20th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 1,788 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total transaction of $170,450.04. Following the sale, the senior vice president now owns 15,388 shares in the company, valued at $1,466,938.04. This trade represents a 10.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Ryan A. Milburn sold 3,412 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total value of $359,078.88. Following the sale, the vice president now owns 11,924 shares in the company, valued at $1,254,881.76. The trade was a 22.25% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

Hedge Funds Weigh In On Allison Transmission

Large investors have recently modified their holdings of the company. Loomis Sayles & Co. L P raised its stake in shares of Allison Transmission by 301.1% during the fourth quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company's stock worth $257,046,000 after acquiring an additional 1,785,687 shares in the last quarter. Norges Bank purchased a new position in Allison Transmission in the 4th quarter worth $108,916,000. Caisse DE Depot ET Placement DU Quebec raised its position in Allison Transmission by 109.1% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 929,434 shares of the auto parts company's stock worth $88,919,000 after purchasing an additional 484,916 shares during the period. Raymond James Financial Inc. purchased a new position in Allison Transmission in the 4th quarter worth $41,081,000. Finally, FMR LLC increased its holdings in shares of Allison Transmission by 1.9% in the fourth quarter. FMR LLC now owns 12,993,015 shares of the auto parts company's stock worth $1,404,025,000 after buying an additional 247,318 shares during the period. 96.90% of the stock is owned by hedge funds and other institutional investors.

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.