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

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

Other analysts have also recently issued research reports about the company. Freedom Broker initiated coverage on Allison Transmission in a research report on Friday, October 2nd. They issued a “buy” rating and a $144.00 price objective for the company. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Citigroup lowered their price target on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. JPMorgan Chase & Co. upped their price objective on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Finally, Morgan Stanley raised their target price on Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Allison Transmission presently has an average rating of “Moderate Buy” and an average target price of $133.00.

Allison Transmission Trading Down 0.9%

ALSN stock opened at $114.70 on Monday. The company has a market capitalization of $9.47 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 0.61 and a beta of 0.98. The business has a 50 day simple moving average of $122.19 and a two-hundred day simple moving average of $120.32. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.81 and a quick ratio of 1.17. Allison Transmission has a 1-year low of $76.01 and a 1-year high of $137.62.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.48 by $0.25. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.50 billion. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. Allison Transmission’s quarterly revenue was up 92.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.29 earnings per share. Research analysts anticipate that Allison Transmission will post 10.27 EPS for the current fiscal year.

Insider Activity at Allison Transmission

In related news, CEO David Graziosi sold 26,708 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $132.97, for a total value of $3,551,362.76. Following the completion of the sale, the chief executive officer owned 304,843 shares of the company’s stock, valued at approximately $40,534,973.71. This trade represents a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eric Scroggins sold 1,050 shares of Allison Transmission stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total value of $131,250.00. Following the transaction, the insider owned 16,604 shares in the company, valued at approximately $2,075,500. The trade was a 5.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Millstone Evans Group LLC acquired a new stake in Allison Transmission during the first quarter worth about $26,000. Cedar Mountain Advisors LLC acquired a new position in Allison Transmission in the 1st quarter valued at about $27,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Allison Transmission in the 1st quarter valued at approximately $28,000. Persistent Asset Partners Ltd acquired a new stake in shares of Allison Transmission during the 2nd quarter worth approximately $43,000. Finally, Platinum Investment Management Ltd. purchased a new stake in shares of Allison Transmission during the 4th quarter valued at approximately $62,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc designs and manufactures fully automatic transmissions and propulsion solutions for commercial and defense vehicles. Its products are used in a broad range of applications, including refuse and construction trucks, buses, distribution vehicles, emergency vehicles, motorhomes, and off-highway equipment.

The company’s portfolio includes conventional automatic transmissions, hybrid-electric propulsion systems, and electric axles and other solutions intended to support vehicle electrification.