Allison Transmission (NYSE:ALSN) Lowered to Hold Rating by Zacks Research

Allison Transmission (NYSE:ALSN) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. boosted their price target on shares of Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Morgan Stanley lifted their target price on shares of Allison Transmission from $109.00 to $117.00 and gave the company an “equal weight” rating in a research report on Monday, March 16th. Citigroup boosted their target price on shares of Allison Transmission from $110.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Raymond James Financial upped their price target on shares of Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a research report on Monday, December 22nd. Finally, Weiss Ratings lowered shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, seven have issued a Hold rating and two have given a Sell 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 $112.00.

Allison Transmission Trading Up 1.0%

Shares of ALSN stock opened at $119.02 on Tuesday. The company has a debt-to-equity ratio of 1.55, a current ratio of 4.85 and a quick ratio of 4.17. The company has a market cap of $9.86 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 0.78 and a beta of 0.96. The stock has a 50 day simple moving average of $115.52 and a 200-day simple moving average of $98.52. Allison Transmission has a 1-year low of $76.01 and a 1-year high of $128.85.

Insider Activity

In related news, SVP John Coll sold 1,791 shares of the company’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total transaction of $176,932.89. Following the completion of the sale, the senior vice president owned 10,021 shares of the company’s stock, valued at approximately $989,974.59. This represents a 15.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric C. Scroggins sold 1,313 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $114.40, for a total transaction of $150,207.20. Following the completion of the sale, the insider owned 17,654 shares of the company’s stock, valued at approximately $2,019,617.60. The trade was a 6.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Allison Transmission

A number of large investors have recently made changes to their positions in the stock. Rossby Financial LCC increased its holdings in shares of Allison Transmission by 107.0% in the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock valued at $25,000 after purchasing an additional 153 shares during the last quarter. Larson Financial Group LLC lifted its position in Allison Transmission by 536.7% during the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock worth $31,000 after buying an additional 263 shares in the last quarter. Transamerica Financial Advisors LLC boosted its stake in Allison Transmission by 2,112.5% during the fourth quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock worth $35,000 after buying an additional 338 shares during the last quarter. Employees Retirement System of Texas acquired a new position in Allison Transmission during the second quarter worth $38,000. Finally, True Wealth Design LLC grew its holdings in Allison Transmission by 93.2% in the 3rd quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock valued at $38,000 after buying an additional 218 shares in the last quarter. 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.