Allison Transmission (NYSE:ALSN) Shares Gap Down on Analyst Downgrade

Allison Transmission Holdings, Inc. (NYSE:ALSN) shares gapped down before the market opened on Wednesday after Citigroup lowered their price target on the stock from $120.00 to $115.00. The stock had previously closed at $114.19, but opened at $97.70. Citigroup currently has a neutral rating on the stock. Allison Transmission shares last traded at $98.86, with a volume of 744,148 shares trading hands.

Several other equities research analysts have also weighed in on ALSN. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 26th. The Goldman Sachs Group upped their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 12th. Oppenheimer upped their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Bank of America upped their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird upped their target price on shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $100.75.

Insider Transactions at Allison Transmission

In other news, CEO David S. Graziosi sold 1,723 shares of Allison Transmission stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total transaction of $207,207.98. Following the completion of the sale, the chief executive officer now owns 168,833 shares of the company’s stock, valued at approximately $20,303,856.58. This trade represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction on Friday, November 15th. The stock was sold at an average price of $117.73, for a total value of $235,460.00. Following the sale, the senior vice president now directly owns 8,420 shares of the company’s stock, valued at $991,286.60. This represents a 19.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,639 shares of company stock valued at $2,683,537 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. SRH Advisors LLC bought a new position in Allison Transmission in the fourth quarter valued at about $26,000. World Investment Advisors LLC acquired a new position in shares of Allison Transmission in the third quarter worth approximately $29,000. Kestra Investment Management LLC acquired a new position in shares of Allison Transmission in the fourth quarter worth approximately $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Allison Transmission in the fourth quarter valued at approximately $31,000. Finally, Quarry LP lifted its stake in Allison Transmission by 46.7% in the third quarter. Quarry LP now owns 358 shares of the auto parts company’s stock valued at $34,000 after buying an additional 114 shares during the period. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Stock Performance

The stock has a market cap of $8.50 billion, a P/E ratio of 11.96, a P/E/G ratio of 1.82 and a beta of 1.00. The company has a fifty day moving average price of $113.66 and a 200 day moving average price of $103.48. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.11. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. On average, equities analysts expect that Allison Transmission Holdings, Inc. will post 8.22 EPS for the current year.

Allison Transmission Company Profile

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.