Stifel Nicolaus Analysts Give Allison Transmission (ALSN) a $44.00 Price Target
Other analysts have also issued research reports about the company. Bank of America set a $52.00 price objective on Allison Transmission and gave the stock a buy rating in a research report on Tuesday, November 14th. Deutsche Bank set a $37.00 price objective on Allison Transmission and gave the stock a sell rating in a research report on Wednesday, November 1st. Robert W. Baird reaffirmed a buy rating and set a $52.00 price objective on shares of Allison Transmission in a research report on Wednesday, November 1st. Zacks Investment Research lowered Allison Transmission from a buy rating to a hold rating in a research report on Friday, February 2nd. Finally, Longbow Research lowered Allison Transmission from a buy rating to a neutral rating in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Allison Transmission presently has an average rating of Hold and a consensus price target of $43.64.
Shares of Allison Transmission (NYSE:ALSN) opened at $41.67 on Friday. Allison Transmission has a 12-month low of $32.93 and a 12-month high of $45.69. The company has a debt-to-equity ratio of 4.57, a quick ratio of 1.15 and a current ratio of 1.50. The firm has a market capitalization of $5,904.34, a price-to-earnings ratio of 18.44, a PEG ratio of 1.51 and a beta of 1.15.
Allison Transmission declared that its board has approved a stock repurchase plan on Wednesday, November 8th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the auto parts company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
In other Allison Transmission news, VP Eric C. Scroggins sold 7,500 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $39.51, for a total value of $296,325.00. Following the completion of the transaction, the vice president now owns 23,480 shares in the company, valued at $927,694.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David S. Graziosi sold 46,200 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $45.03, for a total transaction of $2,080,386.00. Following the completion of the transaction, the insider now owns 240,323 shares of the company’s stock, valued at approximately $10,821,744.69. The disclosure for this sale can be found here. Insiders sold 3,413,129 shares of company stock worth $150,042,595 in the last three months. 7.90% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its stake in Allison Transmission by 2.3% in the third quarter. Bank of New York Mellon Corp now owns 850,469 shares of the auto parts company’s stock valued at $31,918,000 after acquiring an additional 18,797 shares in the last quarter. Burgundy Asset Management Ltd. boosted its stake in Allison Transmission by 1.3% in the second quarter. Burgundy Asset Management Ltd. now owns 4,796,019 shares of the auto parts company’s stock valued at $179,899,000 after acquiring an additional 61,875 shares in the last quarter. Strategic Global Advisors LLC acquired a new position in Allison Transmission in the third quarter valued at $298,000. Dimensional Fund Advisors LP boosted its stake in Allison Transmission by 11.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,403,681 shares of the auto parts company’s stock valued at $52,650,000 after acquiring an additional 141,741 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in Allison Transmission by 0.4% in the third quarter. Neuberger Berman Group LLC now owns 2,732,598 shares of the auto parts company’s stock valued at $102,554,000 after acquiring an additional 10,476 shares in the last quarter.
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Allison Transmission Company Profile
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).
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