Allison Transmission (NYSE:ALSN) Issues Earnings Results

by · The Markets Daily

Allison Transmission (NYSE:ALSN – Get Free Report) released its earnings results on Monday. The auto parts company reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.37), FiscalAI reports. The firm had revenue of $737.00 million during the quarter, compared to analysts’ expectations of $719.15 million. Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%.

Allison Transmission Stock Performance

NYSE:ALSN traded down $1.75 during mid-day trading on Monday, hitting $117.10. The company’s stock had a trading volume of 961,196 shares, compared to its average volume of 823,705. Allison Transmission has a 1 year low of $76.01 and a 1 year high of $119.48. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.82 and a quick ratio of 3.06. The stock has a market cap of $9.75 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 1.24 and a beta of 0.97. The business’s fifty day moving average is $107.54 and its two-hundred day moving average is $93.77.

Insider Buying and Selling at Allison Transmission

In other news, SVP John Coll sold 1,791 shares of the stock in a transaction dated 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 sale, the senior vice president directly owned 10,021 shares in the company, valued at $989,974.59. This represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On Allison Transmission

Hedge funds and other institutional investors have recently modified their holdings of the company. Corient Private Wealth LLC increased its position in Allison Transmission by 487.2% during the 4th quarter. Corient Private Wealth LLC now owns 236,615 shares of the auto parts company’s stock worth $23,165,000 after purchasing an additional 196,321 shares in the last quarter. Alberta Investment Management Corp purchased a new stake in shares of Allison Transmission during the 4th quarter valued at about $1,576,000. Mercer Global Advisors Inc. ADV lifted its position in shares of Allison Transmission by 29.3% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 22,460 shares of the auto parts company’s stock worth $2,199,000 after purchasing an additional 5,095 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Allison Transmission during the fourth quarter valued at about $762,000. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in Allison Transmission by 16.4% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,313,661 shares of the auto parts company’s stock worth $324,407,000 after purchasing an additional 466,366 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Citigroup lifted their target price on Allison Transmission from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Morgan Stanley upped their price target on Allison Transmission from $97.00 to $109.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Wells Fargo & Company raised their price target on Allison Transmission from $85.00 to $98.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Zacks Research raised shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Finally, JPMorgan Chase & Co. raised their target price on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Allison Transmission has a consensus rating of “Hold” and a consensus price target of $102.00.

Read Our Latest Analysis on Allison Transmission

About Allison Transmission

(Get Free Report)

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.

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