Allison Transmission (NYSE:ALSN) Sets New 52-Week High – What’s Next?

Allison Transmission Holdings, Inc. (NYSE:ALSN)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $119.07 and last traded at $119.0790, with a volume of 32715 shares changing hands. The stock had previously closed at $117.46.

Analysts Set New Price Targets

ALSN has been the topic of a number of research analyst reports. Morgan Stanley lifted their price target on Allison Transmission from $97.00 to $109.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Wells Fargo & Company lifted their target price on shares of Allison Transmission from $85.00 to $98.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 11th. Zacks Research upgraded shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, Raymond James Financial boosted their price target on shares of Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 22nd. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Allison Transmission has an average rating of “Hold” and an average target price of $102.00.

Allison Transmission Stock Up 1.0%

The firm has a market capitalization of $9.90 billion, a price-to-earnings ratio of 14.58, a P/E/G ratio of 1.23 and a beta of 0.97. The business has a 50 day simple moving average of $107.54 and a 200-day simple moving average of $93.68. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.06 and a current ratio of 3.82.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 1,791 shares of Allison Transmission stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total transaction of $176,932.89. Following the transaction, the senior vice president directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Institutional Trading of Allison Transmission

Several hedge funds have recently made changes to their positions in the company. Rossby Financial LCC raised its position in shares of Allison Transmission by 107.0% during the 3rd quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock valued at $25,000 after buying an additional 153 shares during the period. Larson Financial Group LLC increased its stake in Allison Transmission by 536.7% during the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 263 shares during the last quarter. Transamerica Financial Advisors LLC raised its position in Allison Transmission by 2,112.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock valued at $35,000 after purchasing an additional 338 shares during the period. Cullen Frost Bankers Inc. lifted its stake in shares of Allison Transmission by 3,108.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock valued at $37,000 after purchasing an additional 373 shares during the last quarter. Finally, Employees Retirement System of Texas acquired a new stake in shares of Allison Transmission during the 2nd quarter worth about $38,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

About Allison Transmission

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.