Allison Transmission (NYSE:ALSN) Raised to "Buy" at Wall Street Zen

Allison Transmission (NYSE:ALSN - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

A number of other analysts have also recently weighed in on the stock. Morgan Stanley upped their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Raymond James decreased their price target on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Citigroup decreased their price target on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. The Goldman Sachs Group upped their price target on shares of Allison Transmission from $80.00 to $90.00 and gave the stock a "sell" rating in a research report on Tuesday, May 27th. Finally, Robert W. Baird decreased their price target on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Allison Transmission currently has an average rating of "Hold" and an average price target of $98.13.

Allison Transmission Trading Down 2.9%

Shares of NYSE:ALSN traded down $2.97 during trading on Friday, reaching $98.72. The stock had a trading volume of 763,456 shares, compared to its average volume of 653,261. The business has a fifty day moving average price of $97.60 and a 200-day moving average price of $103.86. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. The stock has a market cap of $8.32 billion, a P/E ratio of 11.88 and a beta of 1.00. Allison Transmission has a fifty-two week low of $71.49 and a fifty-two week high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, topping analysts' consensus estimates of $1.97 by $0.26. The business had revenue of $766.00 million during the quarter, compared to the consensus estimate of $792.18 million. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. The business's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.90 EPS. As a group, analysts anticipate that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Allison Transmission declared that its board has authorized a share repurchase plan on Thursday, February 20th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the auto parts company to purchase up to 57.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's board of directors believes its stock is undervalued.

Insider Buying and Selling at Allison Transmission

In other news, VP Ryan A. Milburn sold 3,412 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $105.24, for a total transaction of $359,078.88. Following the transaction, the vice president now owns 11,924 shares of the company's stock, valued at approximately $1,254,881.76. This trade represents a 22.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP John Coll sold 1,788 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total transaction of $170,450.04. Following the transaction, the senior vice president now directly owns 15,388 shares in the company, valued at $1,466,938.04. The trade was a 10.41% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Allison Transmission

Several institutional investors and hedge funds have recently bought and sold shares of the business. Inspire Investing LLC raised its stake in Allison Transmission by 85.2% during the first quarter. Inspire Investing LLC now owns 6,854 shares of the auto parts company's stock worth $656,000 after acquiring an additional 3,153 shares during the period. Strs Ohio acquired a new stake in Allison Transmission during the first quarter worth about $1,708,000. Acadian Asset Management LLC raised its stake in Allison Transmission by 5.2% during the first quarter. Acadian Asset Management LLC now owns 22,293 shares of the auto parts company's stock worth $2,132,000 after acquiring an additional 1,111 shares during the period. Geneos Wealth Management Inc. raised its stake in Allison Transmission by 43.9% during the first quarter. Geneos Wealth Management Inc. now owns 866 shares of the auto parts company's stock worth $83,000 after acquiring an additional 264 shares during the period. Finally, Focus Partners Wealth raised its stake in Allison Transmission by 9.1% during the first quarter. Focus Partners Wealth now owns 27,939 shares of the auto parts company's stock worth $2,673,000 after acquiring an additional 2,325 shares during the period. Institutional investors and hedge funds own 96.90% of the company's stock.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.