Zacks Research Downgrades Allison Transmission (NYSE:ALSN) to Hold

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

A number of other analysts also recently weighed in on ALSN. Morgan Stanley upped their target price on shares of Allison Transmission from $109.00 to $117.00 and gave the stock an “equal weight” rating in a research report on Monday, March 16th. JPMorgan Chase & Co. lifted their price target on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Raymond James Financial boosted their price objective on shares of Allison Transmission from $110.00 to $115.00 and gave the stock a “strong-buy” rating in a research note on Monday, December 22nd. Oppenheimer upped their price objective on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Finally, Citigroup raised their target price on shares of Allison Transmission from $110.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $112.00.

Allison Transmission Price Performance

Shares of ALSN stock opened at $119.02 on Tuesday. The business’s fifty day moving average is $115.52 and its 200 day moving average is $98.52. The company has a quick ratio of 4.17, a current ratio of 4.85 and a debt-to-equity ratio of 1.55. The stock 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. Allison Transmission has a twelve month low of $76.01 and a twelve month high of $128.85.

Insider Transactions at Allison Transmission

In other news, SVP John Coll sold 1,791 shares of the firm’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 sale, the senior vice president 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 legal filing with the SEC, which is available through this link. Also, insider Eric C. Scroggins sold 1,313 shares of Allison Transmission stock in a transaction that occurred on Monday, March 9th. The stock was 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 $2,019,617.60. This represents a 6.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Allison Transmission

A number of hedge funds have recently added to or reduced their stakes in ALSN. Rossby Financial LCC lifted its holdings in shares of Allison Transmission by 107.0% during the 3rd quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock valued at $25,000 after buying an additional 153 shares during the period. Larson Financial Group LLC grew its holdings in shares of Allison Transmission by 536.7% in the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 263 shares during the period. Transamerica Financial Advisors LLC increased its position 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 valued at $35,000 after acquiring an additional 338 shares during the last quarter. Employees Retirement System of Texas bought a new position in Allison Transmission in the second quarter valued at about $38,000. Finally, True Wealth Design LLC lifted its holdings in Allison Transmission by 93.2% in the third quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 218 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.