Allison Transmission Holdings, Inc. (NYSE:ALSN) received a $41.00 target price from equities research analysts at Stifel Nicolaus in a report released on Thursday, August 3rd. The firm currently has a “hold” rating on the auto parts company’s stock. Stifel Nicolaus’ price target points to a potential upside of 12.11% from the company’s current price.
Other analysts also recently issued research reports about the stock. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Allison Transmission Holdings in a report on Friday, July 7th. BidaskClub upgraded shares of Allison Transmission Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Deutsche Bank AG lifted their price objective on shares of Allison Transmission Holdings from $43.00 to $44.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Zacks Investment Research cut shares of Allison Transmission Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Finally, Seaport Global Securities initiated coverage on shares of Allison Transmission Holdings in a research note on Thursday, April 6th. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $40.56.
Shares of Allison Transmission Holdings (NYSE ALSN) traded down 1.27% during midday trading on Thursday, reaching $36.57. The company’s stock had a trading volume of 1,488,383 shares. Allison Transmission Holdings has a 12 month low of $26.74 and a 12 month high of $40.25. The stock’s 50 day moving average is $37.70 and its 200 day moving average is $37.02. The stock has a market capitalization of $5.44 billion, a PE ratio of 20.77 and a beta of 1.18.
Allison Transmission Holdings (NYSE:ALSN) last announced its earnings results on Monday, July 31st. The auto parts company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.47 by $0.16. The business had revenue of $580 million during the quarter, compared to the consensus estimate of $515.03 million. Allison Transmission Holdings had a net margin of 14.32% and a return on equity of 31.27%. Allison Transmission Holdings’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 EPS. On average, analysts forecast that Allison Transmission Holdings will post $2.11 EPS for the current fiscal year.
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In other Allison Transmission Holdings news, CFO David S. Graziosi sold 10,736 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $39.91, for a total transaction of $428,473.76. Following the sale, the chief financial officer now directly owns 204,859 shares of the company’s stock, valued at approximately $8,175,922.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael Dick sold 7,342 shares of the company’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $38.02, for a total transaction of $279,142.84. Following the completion of the sale, the senior vice president now directly owns 36,931 shares in the company, valued at $1,404,116.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 132,584 shares of company stock valued at $5,126,514. 7.90% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of ALSN. ETRADE Capital Management LLC raised its position in shares of Allison Transmission Holdings by 4.9% in the second quarter. ETRADE Capital Management LLC now owns 30,296 shares of the auto parts company’s stock valued at $1,136,000 after buying an additional 1,410 shares in the last quarter. Pinebridge Investments L.P. raised its position in shares of Allison Transmission Holdings by 10,487.0% in the second quarter. Pinebridge Investments L.P. now owns 74,109 shares of the auto parts company’s stock valued at $2,780,000 after buying an additional 73,409 shares in the last quarter. Menta Capital LLC bought a new position in shares of Allison Transmission Holdings during the second quarter valued at about $206,000. UBS Asset Management Americas Inc. raised its position in shares of Allison Transmission Holdings by 19.7% in the second quarter. UBS Asset Management Americas Inc. now owns 105,980 shares of the auto parts company’s stock valued at $3,975,000 after buying an additional 17,468 shares in the last quarter. Finally, Quantitative Investment Management LLC bought a new position in shares of Allison Transmission Holdings during the second quarter valued at about $2,333,000.
Allison Transmission Holdings Company Profile
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).
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