Allison Transmission (NYSE:ALSN) Announces Quarterly Earnings Results, Misses Expectations By $0.37 EPS

Allison Transmission (NYSE:ALSN) released its quarterly earnings data on Monday. The auto parts company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.37), FiscalAI reports. The business had revenue of $737.00 million during the quarter, compared to the consensus estimate of $719.15 million. Allison Transmission had a return on equity of 40.46% and a net margin of 22.78%.

Allison Transmission Price Performance

ALSN traded down $1.75 on Monday, hitting $117.10. 961,657 shares of the company’s stock traded hands, compared to its average volume of 823,719. The company’s 50 day simple moving average is $107.54 and its 200-day simple moving average is $93.77. 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 one year low of $76.01 and a one year high of $119.48. The firm has a market cap of $9.75 billion, a price-to-earnings ratio of 14.35, a P/E/G ratio of 1.24 and a beta of 0.97.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ALSN shares. Zacks Research upgraded shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. JPMorgan Chase & Co. boosted their target price on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Raymond James Financial raised their price target 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. Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 11th. Finally, Wells Fargo & Company increased their target price on Allison Transmission from $85.00 to $98.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $102.00.

Insider Transactions at Allison Transmission

In other news, SVP John Coll sold 1,791 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president directly owned 10,021 shares of the company’s stock, valued at $989,974.59. This represents a 15.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of Allison Transmission

A number of institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can increased its position in Allison Transmission by 4,032.3% during the fourth quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock valued at $210,668,000 after acquiring an additional 2,099,797 shares during the last quarter. Boston Partners boosted its stake in shares of Allison Transmission by 117.6% during the 3rd quarter. Boston Partners now owns 2,038,429 shares of the auto parts company’s stock worth $173,093,000 after purchasing an additional 1,101,824 shares during the period. Millennium Management LLC boosted its stake in shares of Allison Transmission by 191.7% during the 4th quarter. Millennium Management LLC now owns 1,257,353 shares of the auto parts company’s stock worth $123,095,000 after purchasing an additional 826,352 shares during the period. UBS Group AG grew its holdings in Allison Transmission by 222.2% during the 3rd quarter. UBS Group AG now owns 960,548 shares of the auto parts company’s stock valued at $81,531,000 after purchasing an additional 662,458 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its position in Allison Transmission by 4,733.5% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 480,496 shares of the auto parts company’s stock worth $47,041,000 after purchasing an additional 470,555 shares during the period. 96.90% of the stock is currently 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.