Other analysts also recently issued reports about the company. Seaport Global Securities assumed coverage on Allison Transmission Holdings in a research report on Thursday, April 6th. They set a neutral rating for the company. Piper Jaffray Companies set a $30.00 target price on Allison Transmission Holdings and gave the company a sell rating in a research report on Thursday, April 27th. Deutsche Bank AG increased their target price on Allison Transmission Holdings from $43.00 to $44.00 and gave the company a hold rating in a research report on Friday, April 28th. BidaskClub upgraded Allison Transmission Holdings from a hold rating to a buy rating in a research report on Wednesday, June 28th. Finally, Zacks Investment Research upgraded Allison Transmission Holdings from a hold rating to a strong-buy rating and set a $44.00 target price for the company in a research report on Tuesday, May 2nd. One equities 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 assigned a strong buy rating to the company’s stock. Allison Transmission Holdings has an average rating of Buy and an average target price of $37.89.
Shares of Allison Transmission Holdings (NASDAQ ALSN) traded up 1.97% during mid-day trading on Friday, hitting $38.78. The stock had a trading volume of 1,505,183 shares. The stock’s 50-day moving average price is $37.77 and its 200 day moving average price is $36.22. The company has a market capitalization of $5.90 billion and a P/E ratio of 25.80. Allison Transmission Holdings has a 1-year low of $26.74 and a 1-year high of $40.02.
Allison Transmission Holdings (NASDAQ:ALSN) last announced its quarterly earnings data on Wednesday, April 26th. The auto parts company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.17. Allison Transmission Holdings had a return on equity of 36.64% and a net margin of 16.63%. The business had revenue of $499 million during the quarter, compared to the consensus estimate of $461.76 million. During the same period in the prior year, the company earned $0.63 EPS. Allison Transmission Holdings’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, analysts predict that Allison Transmission Holdings will post $1.81 EPS for the current fiscal year.
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In other news, CFO David S. Graziosi sold 50,000 shares of the stock in a transaction dated Tuesday, May 23rd. The stock was 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 owns 244,123 shares of the company’s stock, valued at $9,323,057.37. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Randall R. Kirk sold 7,222 shares of the stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $38.73, for a total value of $279,708.06. Following the completion of the sale, the senior vice president now directly owns 75,212 shares of the company’s stock, valued at approximately $2,912,960.76. The disclosure for this sale can be found here. In the last three months, insiders sold 129,078 shares of company stock valued at $4,977,046.
Several large investors have recently modified their holdings of ALSN. Asset Management One Co. Ltd. bought a new stake in shares of Allison Transmission Holdings during the fourth quarter valued at $198,000. Envestnet Asset Management Inc. boosted its stake in shares of Allison Transmission Holdings by 3.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 16,888 shares of the auto parts company’s stock valued at $568,000 after buying an additional 544 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Allison Transmission Holdings during the fourth quarter valued at $564,000. Janus Capital Management LLC boosted its stake in shares of Allison Transmission Holdings by 10.8% in the fourth quarter. Janus Capital Management LLC now owns 15,400 shares of the auto parts company’s stock valued at $519,000 after buying an additional 1,500 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Allison Transmission Holdings by 432.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,632 shares of the auto parts company’s stock valued at $224,000 after buying an additional 5,387 shares during 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).
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