Allison Transmission (NYSE:ALSN) Upgraded at Zacks Research

Zacks Research upgraded shares of Allison Transmission (NYSE:ALSN) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

Other analysts have also issued research reports about the company. Raymond James Financial increased their target price 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. JPMorgan Chase & Co. boosted their price target on Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Allison Transmission in a research note on Wednesday, January 21st. Wells Fargo & Company upped their price target on shares of Allison Transmission from $85.00 to $98.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Finally, Citigroup upped their price objective on Allison Transmission from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $102.00.

Allison Transmission Stock Down 0.4%

NYSE ALSN opened at $110.51 on Monday. The company has a current ratio of 3.82, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30. Allison Transmission has a 12 month low of $76.01 and a 12 month high of $119.64. The stock’s 50 day moving average is $99.33 and its 200 day moving average is $90.53. The stock has a market cap of $9.20 billion, a PE ratio of 13.54, a P/E/G ratio of 1.26 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 EPS for the quarter, missing the consensus estimate of $1.95 by ($0.32). Allison Transmission had a return on equity of 40.46% and a net margin of 22.78%.The company had revenue of $693.00 million during the quarter, compared to analysts’ expectations of $779.97 million. During the same quarter in the previous year, the firm earned $2.27 EPS. The firm’s revenue for the quarter was down 15.9% compared to the same quarter last year. Research analysts predict that Allison Transmission will post 9.06 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, November 21st. Allison Transmission’s payout ratio is 13.24%.

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 completion of the transaction, the senior vice president owned 10,021 shares of the company’s stock, valued at approximately $989,974.59. The trade was a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Institutional Trading of Allison Transmission

Institutional investors have recently bought and sold shares of the business. Boston Partners lifted its stake in Allison Transmission by 117.6% in the 3rd quarter. Boston Partners now owns 2,038,429 shares of the auto parts company’s stock valued at $173,093,000 after buying an additional 1,101,824 shares in the last quarter. Norges Bank purchased a new position in shares of Allison Transmission in the second quarter valued at approximately $100,347,000. Qube Research & Technologies Ltd boosted its stake in shares of Allison Transmission by 128.2% in the second quarter. Qube Research & Technologies Ltd now owns 1,215,897 shares of the auto parts company’s stock worth $115,498,000 after acquiring an additional 683,035 shares during the last quarter. UBS Group AG boosted its stake in shares of Allison Transmission by 222.2% in the third quarter. UBS Group AG now owns 960,548 shares of the auto parts company’s stock worth $81,531,000 after acquiring an additional 662,458 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Allison Transmission by 35.7% during the second quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company’s stock worth $146,740,000 after purchasing an additional 406,540 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

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.