Allison Transmission Holdings Inc (NASDAQ:ALSN) Lowered to Hold at BidaskClub
Allison Transmission Holdings Inc (NASDAQ:ALSN) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Wednesday.
ALSN has been the topic of several other reports. Zacks Investment Research lowered Allison Transmission Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Deutsche Bank AG upped their target price on Allison Transmission Holdings from $43.00 to $44.00 and gave the stock a “hold” rating in a research report on Friday, April 28th. Piper Jaffray Companies set a $30.00 target price on Allison Transmission Holdings and gave the stock a “sell” rating in a research report on Thursday, April 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $40.00 target price on shares of Allison Transmission Holdings in a research report on Wednesday. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Allison Transmission Holdings in a research report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $38.00.
Shares of Allison Transmission Holdings (NASDAQ ALSN) traded up 0.11% during mid-day trading on Wednesday, hitting $37.04. 1,753,021 shares of the company were exchanged. Allison Transmission Holdings has a 12-month low of $26.74 and a 12-month high of $40.02. The company has a market capitalization of $5.63 billion and a price-to-earnings ratio of 24.64. The firm has a 50 day moving average of $37.79 and a 200 day moving average of $36.62.
Allison Transmission Holdings (NASDAQ:ALSN) last issued its quarterly earnings results on Wednesday, April 26th. The auto parts company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $499 million for the quarter, compared to analyst estimates of $461.76 million. During the same period in the previous year, the firm earned $0.63 earnings per share. The company’s revenue was up 8.0% compared to the same quarter last year. Equities research analysts forecast that Allison Transmission Holdings will post $1.81 earnings per share for the current year.
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In other news, SVP Randall R. Kirk sold 7,222 shares of the stock in a transaction on Monday, June 5th. The stock was 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 owns 75,212 shares in the company, valued at approximately $2,912,960.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Randall R. Kirk sold 7,284 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $37.78, for a total value of $275,189.52. Following the transaction, the senior vice president now owns 78,347 shares of the company’s stock, valued at approximately $2,959,949.66. The disclosure for this sale can be found here. Insiders have sold a total of 129,078 shares of company stock valued at $4,977,046 in the last quarter.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Allison Transmission Holdings during the first quarter valued at approximately $152,000. Glen Harbor Capital Management LLC bought a new position in shares of Allison Transmission Holdings during the first quarter valued at approximately $188,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of 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 valued at $197,000 after buying an additional 1,340 shares in the last quarter. World Asset Management Inc bought a new position in shares of Allison Transmission Holdings during the first quarter valued at approximately $204,000. Finally, Stephens Inc. AR bought a new position in shares of Allison Transmission Holdings during the first quarter valued at approximately $225,000.
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 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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