Allison Transmission (NYSE:ALSN) Hits New 52-Week High – Still a Buy?

Allison Transmission Holdings, Inc. (NYSE:ALSN) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $118.50 and last traded at $116.8790, with a volume of 73266 shares changing hands. The stock had previously closed at $115.33.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Zacks Research upgraded Allison Transmission from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Morgan Stanley increased their target price on Allison Transmission from $97.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Finally, Raymond James Financial raised their target price 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 assigned a Sell rating to the company. According to MarketBeat.com, Allison Transmission presently has an average rating of “Hold” and a consensus price target of $102.00.

Allison Transmission Price Performance

The company has a 50 day simple moving average of $104.97 and a 200 day simple moving average of $92.45. The company has a market capitalization of $9.80 billion, a price-to-earnings ratio of 14.43, a price-to-earnings-growth ratio of 1.21 and a beta of 0.97. The company has a quick ratio of 3.06, a current ratio of 3.82 and a debt-to-equity ratio of 1.30.

Insider Transactions at Allison Transmission

In other Allison Transmission 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 transaction of $176,932.89. Following the completion of the sale, the senior vice president directly owned 10,021 shares in the company, valued at $989,974.59. The trade was a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Allison Transmission

A number of large investors have recently added to or reduced their stakes in ALSN. Rossby Financial LCC lifted its holdings in Allison Transmission by 107.0% in the 3rd quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock worth $25,000 after buying an additional 153 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Allison Transmission by 536.7% during the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after acquiring an additional 263 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in shares of Allison Transmission by 3,108.3% during the second quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 373 shares during the last quarter. Employees Retirement System of Texas acquired a new position in shares of Allison Transmission in the second quarter worth about $38,000. Finally, True Wealth Design LLC lifted its stake in shares of Allison Transmission by 93.2% in the third quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 218 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

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.