Allison Transmission Holdings, Inc. (ALSN) Upgraded by BidaskClub to “Buy”
BidaskClub upgraded shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) from a hold rating to a buy rating in a research note published on Tuesday.
Several other equities analysts have also recently weighed in on ALSN. Royal Bank Of Canada reaffirmed a buy rating on shares of Allison Transmission Holdings in a research note on Friday, July 7th. Piper Jaffray Companies reissued a sell rating and issued a $31.00 price objective on shares of Allison Transmission Holdings in a research report on Wednesday, July 12th. Stifel Nicolaus reissued a hold rating and issued a $40.00 price objective on shares of Allison Transmission Holdings in a research report on Wednesday, July 19th. Robert W. Baird upgraded shares of Allison Transmission Holdings from a neutral rating to an outperform rating and increased their target price for the stock from $43.00 to $51.00 in a report on Tuesday, August 1st. Finally, Deutsche Bank AG reduced their target price on shares of Allison Transmission Holdings from $44.00 to $43.00 and set a hold rating for the company in a report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $40.11.
Allison Transmission Holdings (NYSE:ALSN) traded up 1.104% during midday trading on Tuesday, hitting $37.095. 559,102 shares of the company traded hands. The firm has a market capitalization of $5.52 billion, a PE ratio of 21.065 and a beta of 1.20. The stock’s 50-day moving average is $35.32 and its 200-day moving average is $36.77. Allison Transmission Holdings has a 12-month low of $27.03 and a 12-month high of $40.25.
Allison Transmission Holdings (NYSE:ALSN) last released its earnings results on Monday, July 31st. The auto parts company reported $0.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.16. The firm had revenue of $580.00 million for the quarter, compared to analysts’ expectations of $515.03 million. Allison Transmission Holdings had a return on equity of 31.27% and a net margin of 14.32%. The business’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 EPS. Analysts anticipate that Allison Transmission Holdings will post $2.12 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 stock was sold at an average price of $39.91, for a total transaction of $428,473.76. Following the transaction, the chief financial officer now owns 204,859 shares of the company’s stock, valued at $8,175,922.69. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO David S. Graziosi sold 39,264 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $37.23, for a total value of $1,461,798.72. Following the transaction, the chief financial officer now directly owns 233,387 shares in the company, valued at approximately $8,688,998.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,541 shares of company stock valued at $2,148,703. Corporate insiders own 7.90% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its stake in shares of Allison Transmission Holdings by 7,314.3% during the 2nd 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 last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Allison Transmission Holdings by 12.8% during the 2nd 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. Menta Capital LLC bought a new stake in shares of Allison Transmission Holdings during the 2nd quarter worth about $206,000. BlueCrest Capital Management Ltd bought a new stake in shares of Allison Transmission Holdings during the 2nd quarter worth about $208,000. Finally, Janus Henderson Group PLC bought a new stake in shares of Allison Transmission Holdings during the 2nd quarter worth about $375,000.
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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