Zacks Investment Research upgraded shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) from a hold rating to a buy rating in a research report released on Friday morning. Zacks Investment Research currently has $49.00 price target on the auto parts company’s stock.

According to Zacks, “Allison Transmission Holdings, Inc. is engaged in the manufacturing of fully-automatic transmissions for medium- and heavy-duty commercial vehicles, medium- and heavy-tactical U.S. military vehicles and hybrid-propulsion systems for transit buses. The Company’s products are used in a variety of applications including on-highway trucks, buses, motorhomes, off-highway vehicles and equipment and military vehicles. Allison Transmission Holdings, Inc. is headquartered in Indianapolis, Indiana. “

Other analysts have also issued research reports about the stock. J P Morgan Chase & Co lowered shares of Allison Transmission Holdings from an overweight rating to a neutral rating and dropped their price objective for the company from $45.00 to $39.00 in a research note on Thursday, August 17th. Royal Bank Of Canada reiterated a buy rating on shares of Allison Transmission Holdings in a research note on Wednesday, August 2nd. BidaskClub lowered shares of Allison Transmission Holdings from a hold rating to a sell rating in a research note on Friday, September 8th. Deutsche Bank AG set a $37.00 price target on shares of Allison Transmission Holdings and gave the stock a sell rating in a research note on Wednesday. Finally, Robert W. Baird restated a buy rating and issued a $52.00 price target on shares of Allison Transmission Holdings in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $43.40.

Allison Transmission Holdings (NYSE ALSN) traded down $0.40 on Friday, hitting $43.68. 2,059,661 shares of the stock were exchanged, compared to its average volume of 2,065,270. The stock has a market capitalization of $6,192.12, a price-to-earnings ratio of 19.33, a P/E/G ratio of 1.80 and a beta of 1.24. Allison Transmission Holdings has a 12 month low of $28.29 and a 12 month high of $45.69. The company has a debt-to-equity ratio of 4.57, a current ratio of 1.50 and a quick ratio of 0.96.

Allison Transmission Holdings (NYSE:ALSN) last posted its quarterly earnings data on Monday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.27. The company had revenue of $595.00 million for the quarter, compared to analyst estimates of $533.53 million. Allison Transmission Holdings had a net margin of 16.34% and a return on equity of 45.65%. The business’s quarterly revenue was up 37.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 earnings per share. analysts forecast that Allison Transmission Holdings will post 2.43 earnings per share for the current year.

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In other Allison Transmission Holdings news, SVP Randall R. Kirk sold 7,541 shares of the business’s 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 completion of the sale, the senior vice president now owns 84,494 shares in the company, valued at $2,895,609.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO David S. Graziosi sold 39,264 shares of the business’s 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 sale, the chief financial officer now owns 233,387 shares of the company’s stock, valued at approximately $8,688,998.01. The disclosure for this sale can be found here. 7.90% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in ALSN. TIAA CREF Investment Management LLC increased its stake in Allison Transmission Holdings by 37.9% during the second quarter. TIAA CREF Investment Management LLC now owns 1,630,598 shares of the auto parts company’s stock valued at $61,164,000 after purchasing an additional 448,541 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Allison Transmission Holdings by 751.1% during the second quarter. Ameriprise Financial Inc. now owns 56,578 shares of the auto parts company’s stock valued at $2,121,000 after purchasing an additional 49,930 shares during the last quarter. Standard Life Investments LTD increased its stake in Allison Transmission Holdings by 15.9% during the second quarter. Standard Life Investments LTD now owns 3,682,743 shares of the auto parts company’s stock valued at $138,158,000 after purchasing an additional 504,518 shares during the last quarter. Nationwide Fund Advisors increased its stake in Allison Transmission Holdings by 50.4% during the second quarter. Nationwide Fund Advisors now owns 483,692 shares of the auto parts company’s stock valued at $18,143,000 after purchasing an additional 162,096 shares during the last quarter. Finally, Amalgamated Bank increased its stake in Allison Transmission Holdings by 27.8% during the second quarter. Amalgamated Bank now owns 25,986 shares of the auto parts company’s stock valued at $975,000 after purchasing an additional 5,659 shares during the last quarter.

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).

Analyst Recommendations for Allison Transmission Holdings (NYSE:ALSN)

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