Allison Transmission (NYSE:ALSN – Get Free Report) had its target price hoisted by equities research analysts at Morgan Stanley from $110.00 to $112.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the auto parts company’s stock. Morgan Stanley’s price objective points to a potential downside of 2.22% from the stock’s previous close.
ALSN has been the topic of several other reports. The Goldman Sachs Group boosted their target price on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a report on Thursday, December 12th. Oppenheimer lifted their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Robert W. Baird upped their price objective on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Bank of America increased their price target on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $102.63.
Check Out Our Latest Stock Report on Allison Transmission
Allison Transmission Trading Down 1.7 %
Allison Transmission (NYSE:ALSN – Get Free Report) last issued its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.26. The business had revenue of $824.00 million for the quarter, compared to analysts’ expectations of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.76 EPS. On average, sell-side analysts anticipate that Allison Transmission will post 8.21 EPS for the current fiscal year.
Insider Transactions at Allison Transmission
In other Allison Transmission news, CEO David S. Graziosi sold 5,326 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $120.12, for a total value of $639,759.12. Following the sale, the chief executive officer now owns 168,833 shares of the company’s stock, valued at approximately $20,280,219.96. This represents a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $117.73, for a total value of $235,460.00. Following the completion of the sale, the senior vice president now directly owns 8,420 shares in the company, valued at $991,286.60. This trade represents a 19.19 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,380 shares of company stock valued at $2,830,837. 1.10% of the stock is currently owned by corporate insiders.
Institutional Trading of Allison Transmission
Several institutional investors and hedge funds have recently made changes to their positions in ALSN. FMR LLC lifted its position in shares of Allison Transmission by 24.3% in the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock valued at $1,224,479,000 after acquiring an additional 2,493,310 shares in the last quarter. Jennison Associates LLC purchased a new position in Allison Transmission during the third quarter worth about $52,156,000. Loomis Sayles & Co. L P lifted its position in Allison Transmission by 252.5% during the third quarter. Loomis Sayles & Co. L P now owns 593,044 shares of the auto parts company’s stock worth $56,974,000 after buying an additional 424,813 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Allison Transmission by 34.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock worth $87,896,000 after buying an additional 233,214 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its position in Allison Transmission by 257.8% during the second quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company’s stock worth $24,245,000 after buying an additional 230,152 shares during the period. 96.90% of the stock is currently 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.
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