Allison Transmission Holdings, Inc. (ALSN) Earns “Buy” Rating from Royal Bank Of Canada
ALSN has been the topic of a number of other research reports. Piper Jaffray Companies reiterated an underweight rating and issued a $25.00 price objective (down previously from $31.00) on shares of Allison Transmission Holdings in a research note on Wednesday, August 30th. BidaskClub upgraded shares of Allison Transmission Holdings from a hold rating to a buy rating in a research note on Saturday, October 21st. ValuEngine upgraded shares of Allison Transmission Holdings from a hold rating to a buy rating in a research note on Friday, September 1st. Robert W. Baird upgraded shares of Allison Transmission Holdings from a neutral rating to an outperform rating and increased their price objective for the stock from $43.00 to $51.00 in a research note on Tuesday, August 1st. Finally, Stifel Nicolaus reiterated a hold rating and issued a $41.00 price objective (up previously from $40.00) on shares of Allison Transmission Holdings in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $43.40.
Allison Transmission Holdings (NYSE ALSN) opened at $43.68 on Thursday. The company has a debt-to-equity ratio of 4.57, a quick ratio of 1.15 and a current ratio of 1.50. Allison Transmission Holdings has a 52 week low of $28.29 and a 52 week high of $45.69. The stock has a market cap of $6,192.11, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 1.80 and a beta of 1.24.
Allison Transmission Holdings (NYSE:ALSN) last issued its quarterly earnings results on Monday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.27. Allison Transmission Holdings had a net margin of 16.34% and a return on equity of 45.65%. The business had revenue of $595.00 million for the quarter, compared to analyst estimates of $533.53 million. During the same quarter in the prior year, the business posted $0.27 EPS. Allison Transmission Holdings’s revenue for the quarter was up 37.1% compared to the same quarter last year. equities research analysts expect that Allison Transmission Holdings will post 2.43 earnings per share for the current fiscal year.
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In other Allison Transmission Holdings news, SVP Randall R. Kirk sold 7,541 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $34.27, for a total transaction of $258,430.07. Following the transaction, the senior vice president now directly owns 84,494 shares of the company’s stock, valued at $2,895,609.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO David S. Graziosi sold 39,264 shares of the stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $37.23, for a total transaction of $1,461,798.72. Following the transaction, the chief financial officer now directly owns 233,387 shares in the company, valued at $8,688,998.01. The disclosure for this sale can be found here. Corporate insiders own 7.90% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of ALSN. Tower Research Capital LLC TRC lifted its holdings in Allison Transmission Holdings by 7,314.3% during the second quarter. Tower Research Capital LLC TRC now owns 5,190 shares of the auto parts company’s stock valued at $195,000 after purchasing an additional 5,120 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Allison Transmission Holdings by 12.8% in the second quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock worth $201,000 after buying an additional 607 shares in the last quarter. Menta Capital LLC purchased a new position in shares of Allison Transmission Holdings in the second quarter worth about $206,000. BlueCrest Capital Management Ltd purchased a new position in shares of Allison Transmission Holdings in the second quarter worth about $208,000. Finally, ARP Americas LLC purchased a new position in shares of Allison Transmission Holdings in the third quarter worth about $242,000.
About Allison Transmission Holdings
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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