Allison Transmission Holdings Inc (NASDAQ:ALSN) Given Hold Rating at Stifel Nicolaus
Stifel Nicolaus reissued their hold rating on shares of Allison Transmission Holdings Inc (NASDAQ:ALSN) in a research note issued to investors on Friday. They currently have a $41.00 price target on the auto parts company’s stock.
A number of other research analysts have also recently commented on ALSN. BidaskClub cut Allison Transmission Holdings from a buy rating to a hold rating in a research report on Wednesday, July 19th. Seaport Global Securities assumed coverage on Allison Transmission Holdings in a research report on Thursday, April 6th. They issued a neutral rating on the stock. Zacks Investment Research cut Allison Transmission Holdings from a strong-buy rating to a hold rating in a research report on Tuesday, April 11th. Barclays PLC raised their price target on Allison Transmission Holdings from $39.00 to $44.00 and gave the stock an overweight rating in a research report on Thursday, April 20th. Finally, Piper Jaffray Companies restated a sell rating and issued a $31.00 price target on shares of Allison Transmission Holdings in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. Allison Transmission Holdings presently has an average rating of Buy and an average target price of $39.13.
Shares of Allison Transmission Holdings (NASDAQ ALSN) opened at 37.80 on Friday. The stock has a 50 day moving average of $37.62 and a 200 day moving average of $36.84. The firm has a market cap of $5.75 billion and a P/E ratio of 25.15. Allison Transmission Holdings has a 52 week low of $26.74 and a 52 week high of $40.02.
Allison Transmission Holdings (NASDAQ:ALSN) last issued its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.16. Allison Transmission Holdings had a return on equity of 36.64% and a net margin of 16.63%. The company had revenue of $580 million for the quarter, compared to analysts’ expectations of $515.03 million. During the same quarter last year, the business earned $0.37 earnings per share. Allison Transmission Holdings’s revenue was up 22.1% on a year-over-year basis. Analysts anticipate that Allison Transmission Holdings will post $1.81 earnings per share for the current fiscal year.
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In related news, SVP Michael Dick sold 7,342 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $38.02, for a total value of $279,142.84. Following the sale, the senior vice president now directly owns 36,931 shares of the company’s stock, valued at $1,404,116.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David S. Graziosi sold 50,000 shares of the firm’s 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 directly owns 244,123 shares in the company, valued at $9,323,057.37. The disclosure for this sale can be found here. Insiders sold 129,078 shares of company stock worth $4,977,046 over the last ninety days.
Several hedge funds have recently made changes to their positions in ALSN. Chicago Equity Partners LLC purchased a new stake in shares of Allison Transmission Holdings during the first quarter worth approximately $1,037,000. Tyers Asset Management LLC purchased a new stake in shares of Allison Transmission Holdings during the first quarter worth approximately $258,000. Canada Pension Plan Investment Board raised its stake in shares of Allison Transmission Holdings by 17.1% in the first quarter. Canada Pension Plan Investment Board now owns 479,497 shares of the auto parts company’s stock worth $17,291,000 after buying an additional 69,900 shares during the last quarter. Old Mutual Global Investors UK Ltd. purchased a new stake in shares of Allison Transmission Holdings during the first quarter worth approximately $3,041,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Allison Transmission Holdings by 174.6% in the first quarter. Russell Investments Group Ltd. now owns 463,880 shares of the auto parts company’s stock worth $16,732,000 after buying an additional 294,947 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).
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