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 note issued to investors on Monday,Zacks.com reports.

ALSN has been the subject of a number of other reports. JPMorgan Chase & Co. boosted their price objective 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. Raymond James Financial upped their price target on Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a report on Monday, December 22nd. Citigroup lifted their price objective on Allison Transmission from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Wells Fargo & Company upped their target price 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, January 23rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Allison Transmission in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $102.00.

Allison Transmission Stock Down 0.1%

Shares of NYSE ALSN traded down $0.13 during trading on Monday, reaching $110.82. The company had a trading volume of 161,548 shares, compared to its average volume of 779,227. Allison Transmission has a 12-month low of $76.01 and a 12-month high of $119.64. The company has a quick ratio of 3.06, a current ratio of 3.82 and a debt-to-equity ratio of 1.30. The business’s 50-day moving average is $98.74 and its 200 day moving average is $90.39. The stock has a market cap of $9.22 billion, a PE ratio of 13.55, a P/E/G 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 firm had revenue of $693.00 million during the quarter, compared to the consensus estimate of $779.97 million. Allison Transmission had a return on equity of 40.46% and a net margin of 22.78%.The business’s revenue for the quarter was down 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.27 EPS. As a group, equities analysts forecast that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Insider Activity

In other Allison Transmission news, SVP John Coll sold 1,791 shares of the stock in a transaction that occurred on 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 directly owned 10,021 shares of the company’s stock, valued at $989,974.59. This trade represents a 15.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

A number of hedge funds and other institutional investors have recently modified their holdings of ALSN. Rossby Financial LCC lifted its stake in Allison Transmission by 107.0% in the 3rd quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 153 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of Allison Transmission in the second quarter worth about $28,000. Cullen Frost Bankers Inc. lifted its position in shares of Allison Transmission by 3,108.3% in the second quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock worth $37,000 after buying an additional 373 shares in the last quarter. Employees Retirement System of Texas bought a new position in Allison Transmission during the second quarter valued at approximately $38,000. Finally, True Wealth Design LLC grew its holdings in Allison Transmission by 93.2% during 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. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Company Profile

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.