Allison Transmission Holdings, Inc. (NYSE:ALSN) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “sell” rating in a report issued on Tuesday.

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. “

Several other analysts have also weighed in on ALSN. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Allison Transmission Holdings in a research note on Wednesday, August 2nd. J P Morgan Chase & Co lowered Allison Transmission Holdings from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $45.00 to $39.00 in a report on Thursday, August 17th. BidaskClub downgraded shares of Allison Transmission Holdings from a “hold” rating to a “sell” rating in a report on Friday, September 8th. Deutsche Bank AG cut their price target 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. Finally, Piper Jaffray Companies set a $31.00 price objective on shares of Allison Transmission Holdings and gave the company a “sell” rating in a research report on Thursday, August 24th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $40.11.

Allison Transmission Holdings (NYSE ALSN) traded down 1.516% during trading on Tuesday, reaching $36.705. 3,955,973 shares of the company’s stock traded hands. The company has a 50-day moving average of $35.33 and a 200 day moving average of $36.77. Allison Transmission Holdings has a 12 month low of $27.03 and a 12 month high of $40.25. The stock has a market capitalization of $5.46 billion, a P/E ratio of 20.843 and a beta of 1.19.

Allison Transmission Holdings (NYSE:ALSN) last released its earnings results on Monday, July 31st. The auto parts company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.16. The firm had revenue of $580.00 million during the quarter, compared to the consensus estimate of $515.03 million. Allison Transmission Holdings had a return on equity of 31.27% and a net margin of 14.32%. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 earnings per share. On average, equities research analysts expect that Allison Transmission Holdings will post $2.12 earnings per share for the current fiscal year.

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In other Allison Transmission Holdings news, CFO David S. Graziosi sold 39,264 shares of Allison Transmission Holdings stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 233,387 shares in the company, valued at approximately $8,688,998.01. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 sale, the senior vice president now directly owns 84,494 shares in the company, valued at $2,895,609.38. The disclosure for this sale can be found here. Insiders have sold 57,541 shares of company stock worth $2,148,703 in the last 90 days. 7.90% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of ALSN. USA Financial Portformulas Corp raised its position in Allison Transmission Holdings by 1.7% during the second quarter. USA Financial Portformulas Corp now owns 20,373 shares of the auto parts company’s stock valued at $764,000 after buying an additional 345 shares during the period. EagleClaw Capital Managment LLC boosted its position in Allison Transmission Holdings by 5.1% during the 2nd quarter. EagleClaw Capital Managment LLC now owns 10,400 shares of the auto parts company’s stock worth $390,000 after acquiring an additional 500 shares during the period. C M Bidwell & Associates Ltd. boosted its position in Allison Transmission Holdings by 0.5% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 111,390 shares of the auto parts company’s stock worth $4,178,000 after acquiring an additional 565 shares during the period. The Manufacturers Life Insurance Company boosted its position in 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 acquiring an additional 607 shares during the period. Finally, ETRADE Capital Management LLC boosted its position in Allison Transmission Holdings by 4.9% during the 2nd quarter. ETRADE Capital Management LLC now owns 30,296 shares of the auto parts company’s stock worth $1,136,000 after acquiring an additional 1,410 shares during the period.

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 (NYSE:ALSN)

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