Allison Transmission Holdings Inc (ALSN) Given Average Recommendation of “Buy” by Brokerages

Shares of Allison Transmission Holdings Inc (NASDAQ:ALSN) have been assigned a consensus rating of “Buy” from the eleven research firms that are currently covering the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $34.00.

A number of research firms recently issued reports on ALSN. Barclays PLC reaffirmed an “overweight” rating and set a $39.00 price target on shares of Allison Transmission Holdings in a research note on Wednesday, February 8th. Piper Jaffray Companies set a $30.00 price target on shares of Allison Transmission Holdings and gave the company a “sell” rating in a research note on Thursday, February 16th. Zacks Investment Research raised shares of Allison Transmission Holdings from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Wednesday, February 8th. Goldman Sachs Group Inc downgraded shares of Allison Transmission Holdings from a “buy” rating to a “neutral” rating in a research note on Monday, February 27th. Finally, JPMorgan Chase & Co. upgraded shares of Allison Transmission Holdings from a “neutral” rating to an “overweight” rating in a research report on Friday, December 9th.

In other Allison Transmission Holdings news, CFO David S. Graziosi sold 150,000 shares of the business’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $37.62, for a total transaction of $5,643,000.00. Following the transaction, the chief financial officer now owns 344,123 shares in the company, valued at $12,945,907.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Randall R. Kirk sold 5,830 shares of the business’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $35.24, for a total transaction of $205,449.20. Following the transaction, the senior vice president now owns 59,456 shares in the company, valued at approximately $2,095,229.44. The disclosure for this sale can be found here.

A number of hedge funds and other institutional investors have recently bought and sold shares of ALSN. Wells Fargo & Company MN boosted its position in Allison Transmission Holdings by 5.0% in the third quarter. Wells Fargo & Company MN now owns 1,198,244 shares of the company’s stock worth $34,364,000 after buying an additional 57,347 shares during the period. Alambic Investment Management L.P. boosted its position in Allison Transmission Holdings by 4.2% in the third quarter. Alambic Investment Management L.P. now owns 64,700 shares of the company’s stock worth $1,856,000 after buying an additional 2,600 shares during the period. Nationwide Fund Advisors boosted its position in Allison Transmission Holdings by 1,695.3% in the third quarter. Nationwide Fund Advisors now owns 328,283 shares of the company’s stock worth $9,415,000 after buying an additional 309,997 shares during the period. Bank of Montreal Can boosted its position in Allison Transmission Holdings by 43.9% in the third quarter. Bank of Montreal Can now owns 382,685 shares of the company’s stock worth $10,975,000 after buying an additional 116,682 shares during the period. Finally, First Quadrant L P CA boosted its position in Allison Transmission Holdings by 2.2% in the third quarter. First Quadrant L P CA now owns 495,485 shares of the company’s stock worth $14,211,000 after buying an additional 10,785 shares during the period.

Allison Transmission Holdings (NASDAQ:ALSN) opened at 36.47 on Tuesday. Allison Transmission Holdings has a 12 month low of $25.88 and a 12 month high of $38.17. The stock has a market capitalization of $5.93 billion and a PE ratio of 28.72. The company’s 50-day moving average is $36.44 and its 200-day moving average is $32.25.

Allison Transmission Holdings (NASDAQ:ALSN) last released its quarterly earnings results on Monday, February 6th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.09. The business had revenue of $469 million for the quarter, compared to analysts’ expectations of $429.58 million. Allison Transmission Holdings’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.76 EPS. Equities research analysts forecast that Allison Transmission Holdings will post $1.53 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Monday, March 6th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Thursday, March 2nd.

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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 the United States defense vehicles. The Company operates through manufacture and distribution of fully-automatic transmissions segment.

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