Allison Transmission (NYSE:ALSN) Given New $109.00 Price Target at Morgan Stanley

Allison Transmission (NYSE:ALSN) had its target price raised by equities researchers at Morgan Stanley from $97.00 to $109.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the auto parts company’s stock. Morgan Stanley’s price target indicates a potential downside of 0.41% from the stock’s previous close.

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

Allison Transmission Trading Down 1.4%

NYSE:ALSN traded down $1.59 on Friday, hitting $109.45. 115,382 shares of the stock were exchanged, compared to its average volume of 804,828. The stock has a fifty day moving average of $96.96 and a 200-day moving average of $90.12. The stock has a market cap of $9.11 billion, a PE ratio of 13.41 and a beta of 0.98. 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 fifty-two week low of $76.01 and a fifty-two week high of $120.28.

Allison Transmission (NYSE:ALSN) last posted its 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). Allison Transmission had a return on equity of 40.46% and a net margin of 22.78%.The business had revenue of $693.00 million for the quarter, compared to analyst estimates of $779.97 million. During the same period last year, the company posted $2.27 EPS. The firm’s revenue for the quarter was down 15.9% compared to the same quarter last year. As a group, equities analysts expect that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Allison Transmission

In related news, SVP John Coll sold 1,791 shares of the stock in a transaction on Wednesday, December 31st. The stock was 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 in the company, valued at approximately $989,974.59. This trade represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Kathmere Capital Management LLC increased its holdings in shares of Allison Transmission by 4.6% in the fourth quarter. Kathmere Capital Management LLC now owns 2,643 shares of the auto parts company’s stock worth $259,000 after acquiring an additional 116 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in Allison Transmission by 2.1% in the second quarter. Verdence Capital Advisors LLC now owns 6,258 shares of the auto parts company’s stock valued at $594,000 after buying an additional 131 shares during the period. GAMMA Investing LLC raised its position in shares of Allison Transmission by 3.9% in the fourth quarter. GAMMA Investing LLC now owns 3,514 shares of the auto parts company’s stock valued at $344,000 after purchasing an additional 132 shares during the period. M&T Bank Corp grew its position in shares of Allison Transmission by 3.8% in the second quarter. M&T Bank Corp now owns 3,786 shares of the auto parts company’s stock valued at $360,000 after purchasing an additional 138 shares during the last quarter. Finally, Tealwood Asset Management Inc. grew its holdings in Allison Transmission by 0.5% in the 4th quarter. Tealwood Asset Management Inc. now owns 29,006 shares of the auto parts company’s stock valued at $2,840,000 after buying an additional 142 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

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.