Allison Transmission Holdings Inc (NASDAQ:ALSN) Receives “Hold” Rating from Stifel Nicolaus
Allison Transmission Holdings Inc (NASDAQ:ALSN)‘s stock had its “hold” rating reiterated by analysts at Stifel Nicolaus in a report released on Wednesday. They currently have a $40.00 price objective on the auto parts company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 6.33% from the company’s current price.
A number of other equities analysts have also recently issued reports on ALSN. Royal Bank Of Canada reissued a “buy” rating and issued a $38.00 target price on shares of Allison Transmission Holdings in a report on Wednesday, March 22nd. Seaport Global Securities initiated coverage on shares of Allison Transmission Holdings in a report on Thursday, April 6th. They issued a “neutral” rating on the stock. Zacks Investment Research cut shares of Allison Transmission Holdings from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 11th. Barclays PLC raised their target price on shares of Allison Transmission Holdings from $39.00 to $44.00 and gave the stock an “overweight” rating in a report on Thursday, April 20th. Finally, Piper Jaffray Companies set a $30.00 target price on shares of Allison Transmission Holdings and gave the stock a “sell” rating in a report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $38.00.
Shares of Allison Transmission Holdings (NASDAQ ALSN) traded up 0.16% during trading on Wednesday, reaching $37.68. The company had a trading volume of 359,782 shares. Allison Transmission Holdings has a 52-week low of $26.74 and a 52-week high of $40.02. The stock has a 50 day moving average of $37.87 and a 200 day moving average of $36.61. The stock has a market capitalization of $5.73 billion and a price-to-earnings ratio of 25.07.
Allison Transmission Holdings (NASDAQ:ALSN) last issued its earnings results on Wednesday, April 26th. The auto parts company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.17. Allison Transmission Holdings had a net margin of 16.63% and a return on equity of 36.64%. The firm had revenue of $499 million for the quarter, compared to analysts’ expectations of $461.76 million. During the same quarter last year, the company posted $0.63 earnings per share. Allison Transmission Holdings’s revenue was up 8.0% on a year-over-year basis. Equities research analysts forecast that Allison Transmission Holdings will post $1.81 EPS for the current year.
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In other Allison Transmission Holdings news, CFO David S. Graziosi sold 50,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer now owns 244,123 shares in the company, valued at $9,323,057.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Randall R. Kirk sold 7,230 shares of the firm’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were sold at an average price of $38.59, for a total transaction of $279,005.70. Following the completion of the sale, the senior vice president now owns 72,085 shares in the company, valued at approximately $2,781,760.15. The disclosure for this sale can be found here. Insiders sold 129,078 shares of company stock worth $4,977,046 in the last 90 days.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Allison Transmission Holdings during the first quarter worth approximately $152,000. Glen Harbor Capital Management LLC bought a new position in Allison Transmission Holdings during the first quarter worth approximately $188,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Allison Transmission Holdings by 32.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,471 shares of the auto parts company’s stock worth $197,000 after buying an additional 1,340 shares in the last quarter. World Asset Management Inc bought a new position in Allison Transmission Holdings during the first quarter worth approximately $204,000. Finally, Stephens Inc. AR bought a new position in Allison Transmission Holdings during the first quarter worth approximately $225,000.
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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