Allison Transmission Holdings, Inc. (ALSN) Given Consensus Rating of “Buy” by Analysts
Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) have been given a consensus recommendation of “Buy” by the fifteen research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $40.56.
ALSN has been the topic of several recent analyst reports. BidaskClub downgraded Allison Transmission Holdings from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Royal Bank Of Canada increased their target price on Allison Transmission Holdings from $40.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. Stifel Nicolaus increased their target price on Allison Transmission Holdings from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Zacks Investment Research upgraded Allison Transmission Holdings from a “hold” rating to a “strong-buy” rating and set a $44.00 target price on the stock in a research report on Tuesday, May 2nd. Finally, Piper Jaffray Companies set a $30.00 target price on Allison Transmission Holdings and gave the stock a “sell” rating in a research report on Thursday, April 27th.
In other news, SVP Randall R. Kirk sold 7,284 shares of the stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $37.78, for a total value of $275,189.52. Following the completion of the sale, the senior vice president now owns 78,347 shares in the company, valued at $2,959,949.66. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David S. Graziosi sold 50,000 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $38.19, for a total value of $1,909,500.00. Following the completion of the sale, the chief financial officer now owns 244,123 shares of the company’s stock, valued at approximately $9,323,057.37. The disclosure for this sale can be found here. Insiders have sold 132,584 shares of company stock valued at $5,126,514 over the last 90 days. 7.90% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of the stock. Koch Industries Inc. bought a new stake in Allison Transmission Holdings during the second quarter worth about $506,000. Verition Fund Management LLC raised its stake in Allison Transmission Holdings by 269.9% in the second quarter. Verition Fund Management LLC now owns 22,822 shares of the auto parts company’s stock worth $856,000 after buying an additional 16,652 shares during the period. EagleClaw Capital Managment LLC raised its stake in Allison Transmission Holdings by 5.1% in the second quarter. EagleClaw Capital Managment LLC now owns 10,400 shares of the auto parts company’s stock worth $390,000 after buying an additional 500 shares during the period. Tower Research Capital LLC TRC raised its stake in Allison Transmission Holdings by 7,314.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,190 shares of the auto parts company’s stock worth $195,000 after buying an additional 5,120 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in 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 during the period.
Shares of Allison Transmission Holdings (NYSE ALSN) traded down 0.05% on Tuesday, hitting $37.18. The stock had a trading volume of 1,087,766 shares. The stock has a market cap of $5.53 billion, a P/E ratio of 21.11 and a beta of 1.18. Allison Transmission Holdings has a 12 month low of $26.74 and a 12 month high of $40.25. The firm has a 50 day moving average of $37.70 and a 200 day moving average of $37.06.
Allison Transmission Holdings (NYSE:ALSN) last released its earnings results on Monday, July 31st. The auto parts company reported $0.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.16. Allison Transmission Holdings had a return on equity of 31.27% and a net margin of 14.32%. The firm had revenue of $580 million for the quarter, compared to the consensus estimate of $515.03 million. During the same period in the prior year, the business posted $0.37 earnings per share. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, equities analysts forecast that Allison Transmission Holdings will post $2.11 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Monday, August 21st will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, August 17th. This represents a $0.60 annualized dividend and a yield of 1.61%. Allison Transmission Holdings’s dividend payout ratio is presently 33.71%.
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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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