Allison Transmission (NYSE:ALSN) Raised to “Strong-Buy” at Zacks Research

Allison Transmission (NYSE:ALSN) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts have also commented on the company. Raymond James Financial boosted their price target on Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 22nd. Citigroup lifted their price target on Allison Transmission from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Wells Fargo & Company increased their price objective on shares of Allison Transmission from $85.00 to $98.00 and gave the company an “equal weight” rating in a research note on Friday. Morgan Stanley raised their target price on shares of Allison Transmission from $97.00 to $109.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Allison Transmission in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $102.00.

Allison Transmission Price Performance

NYSE:ALSN traded down $0.88 during trading hours on Monday, hitting $110.07. The company’s stock had a trading volume of 76,905 shares, compared to its average volume of 774,092. Allison Transmission has a 52-week low of $76.01 and a 52-week high of $119.64. The company has a debt-to-equity ratio of 1.30, a quick ratio of 3.06 and a current ratio of 3.82. The business’s 50-day moving average is $98.74 and its two-hundred day moving average is $90.39. The company has a market capitalization of $9.16 billion, a PE ratio of 13.47, a PEG ratio of 1.25 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.32). The company had revenue of $693.00 million during the quarter, compared to analysts’ expectations of $779.97 million. Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. The business’s revenue for the quarter was down 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.27 EPS. As a group, research analysts anticipate that Allison Transmission will post 9.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other Allison Transmission news, SVP John Coll sold 1,791 shares of Allison Transmission stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total value of $176,932.89. Following the transaction, the senior vice president owned 10,021 shares in the company, valued at $989,974.59. This trade represents a 15.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Allison Transmission

Large investors have recently modified their holdings of the company. M&T Bank Corp acquired a new position in shares of Allison Transmission in the 4th quarter valued at about $346,000. Optas LLC purchased a new position in Allison Transmission in the fourth quarter valued at approximately $558,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Allison Transmission by 9.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,741 shares of the auto parts company’s stock valued at $2,422,000 after buying an additional 2,200 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in Allison Transmission by 6.5% during the fourth quarter. GHP Investment Advisors Inc. now owns 24,411 shares of the auto parts company’s stock valued at $2,390,000 after buying an additional 1,500 shares in the last quarter. Finally, Merit Financial Group LLC grew its stake in Allison Transmission by 15.7% during the fourth quarter. Merit Financial Group LLC now owns 8,500 shares of the auto parts company’s stock worth $832,000 after buying an additional 1,154 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 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.