Piper Jaffray Companies reiterated their sell rating on shares of Allison Transmission Holdings Inc (NASDAQ:ALSN) in a research note issued to investors on Wednesday, July 12th. Piper Jaffray Companies currently has a $31.00 price target on the auto parts company’s stock.

Several other brokerages have also weighed in on ALSN. Royal Bank Of Canada restated a buy rating and set a $38.00 target price on shares of Allison Transmission Holdings in a research report on Wednesday, March 22nd. Seaport Global Securities assumed coverage on shares of Allison Transmission Holdings in a research report on Thursday, April 6th. They issued a neutral rating on the stock. Stifel Nicolaus increased their price target on shares of Allison Transmission Holdings from $35.00 to $40.00 and gave the company a hold rating in a research report on Friday, April 28th. Barclays PLC increased their price target on shares of Allison Transmission Holdings from $39.00 to $44.00 and gave the company an overweight rating in a research report on Thursday, April 20th. Finally, Zacks Investment Research raised shares of Allison Transmission Holdings from a hold rating to a strong-buy rating and set a $44.00 price objective on the stock in a research note on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $40.56.

Allison Transmission Holdings (NASDAQ:ALSN) opened at 37.70 on Wednesday. The stock has a market cap of $5.61 billion and a PE ratio of 21.41. Allison Transmission Holdings has a 52 week low of $26.74 and a 52 week high of $40.25. The firm’s 50-day moving average price is $37.63 and its 200-day moving average price is $36.86.

Allison Transmission Holdings (NASDAQ:ALSN) last issued its earnings results on Monday, July 31st. The auto parts company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.16. Allison Transmission Holdings had a net margin of 16.63% and a return on equity of 36.64%. The company had revenue of $580 million for the quarter, compared to analyst estimates 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. Equities analysts predict that Allison Transmission Holdings will post $2.11 earnings per share for the current fiscal year.

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In other Allison Transmission Holdings news, SVP Randall R. Kirk sold 7,222 shares of the firm’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $38.73, for a total transaction of $279,708.06. Following the completion of the transaction, the senior vice president now directly owns 75,212 shares of the company’s stock, valued at approximately $2,912,960.76. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Michael Dick sold 7,342 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $38.02, for a total transaction of $279,142.84. Following the transaction, the senior vice president now directly owns 36,931 shares of the company’s stock, valued at $1,404,116.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 139,867 shares of company stock valued at $5,401,739.

Several hedge funds and other institutional investors have recently bought and sold shares of ALSN. FMR LLC raised its position in Allison Transmission Holdings by 1.9% in the first quarter. FMR LLC now owns 23,638,603 shares of the auto parts company’s stock valued at $852,408,000 after buying an additional 430,152 shares during the period. Vanguard Group Inc. increased its stake in shares of Allison Transmission Holdings by 9.9% in the first quarter. Vanguard Group Inc. now owns 12,412,885 shares of the auto parts company’s stock valued at $447,609,000 after buying an additional 1,122,002 shares in the last quarter. BlackRock Inc. increased its stake in shares of Allison Transmission Holdings by 6,272.7% in the first quarter. BlackRock Inc. now owns 6,723,110 shares of the auto parts company’s stock valued at $242,435,000 after buying an additional 6,617,611 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Allison Transmission Holdings by 15.2% in the first quarter. Wellington Management Group LLP now owns 5,399,424 shares of the auto parts company’s stock valued at $194,704,000 after buying an additional 713,191 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Allison Transmission Holdings by 8.0% in the first quarter. JPMorgan Chase & Co. now owns 4,946,800 shares of the auto parts company’s stock valued at $178,381,000 after buying an additional 364,493 shares in the last quarter.

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).

Analyst Recommendations for Allison Transmission Holdings (NASDAQ:ALSN)

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