Allison Transmission Holdings, Inc. (NYSE:ALSN) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

A number of other brokerages have also recently commented on ALSN. Piper Jaffray Companies reiterated a “sell” rating and issued a $31.00 target price on shares of Allison Transmission Holdings in a research report on Wednesday, July 12th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $48.00 target price (up previously from $46.00) on shares of Allison Transmission Holdings in a research report on Tuesday, August 8th. Stifel Nicolaus set a $41.00 target price on shares of Allison Transmission Holdings and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Robert W. Baird upgraded shares of Allison Transmission Holdings from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $43.00 to $51.00 in a research report on Tuesday, August 1st. Finally, Deutsche Bank AG decreased their target price on shares of Allison Transmission Holdings from $44.00 to $43.00 and set a “hold” rating on the stock in a research report on Wednesday, August 2nd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $39.20.

Shares of Allison Transmission Holdings (ALSN) traded up 1.14% during mid-day trading on Friday, hitting $33.58. 1,283,113 shares of the company traded hands. The stock has a market capitalization of $5.00 billion, a PE ratio of 19.07 and a beta of 1.22. The firm’s 50 day moving average price is $36.29 and its 200-day moving average price is $36.88. Allison Transmission Holdings has a 1-year low of $26.74 and a 1-year high of $40.25.

Allison Transmission Holdings (NYSE:ALSN) last issued its earnings results on Monday, July 31st. The auto parts company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.16. The company had revenue of $580 million for the quarter, compared to analysts’ expectations of $515.03 million. Allison Transmission Holdings had a net margin of 14.32% and a return on equity of 31.27%. The firm’s revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 EPS. On average, equities research analysts forecast that Allison Transmission Holdings will post $2.11 EPS for the current year.

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In other news, CFO David S. Graziosi sold 10,736 shares of Allison Transmission Holdings stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $39.91, for a total transaction of $428,473.76. Following the sale, the chief financial officer now owns 204,859 shares of the company’s stock, valued at approximately $8,175,922.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Randall R. Kirk sold 7,541 shares of Allison Transmission Holdings stock in a transaction dated 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 approximately $2,895,609.38. The disclosure for this sale can be found here. In the last three months, insiders sold 25,561 shares of company stock worth $962,093. Insiders own 7.90% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. ETRADE Capital Management LLC boosted its stake in shares of 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 valued at $1,136,000 after purchasing an additional 1,410 shares in the last quarter. Pinebridge Investments L.P. raised its holdings in Allison Transmission Holdings by 10,487.0% in the second quarter. Pinebridge Investments L.P. now owns 74,109 shares of the auto parts company’s stock worth $2,780,000 after buying an additional 73,409 shares during the last quarter. Menta Capital LLC purchased a new position in Allison Transmission Holdings in the second quarter worth about $206,000. UBS Asset Management Americas Inc. raised its holdings in Allison Transmission Holdings by 19.7% in the second quarter. UBS Asset Management Americas Inc. now owns 105,980 shares of the auto parts company’s stock worth $3,975,000 after buying an additional 17,468 shares during the last quarter. Finally, Quantitative Investment Management LLC purchased a new position in Allison Transmission Holdings in the second quarter worth about $2,333,000.

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).

Analyst Recommendations for Allison Transmission Holdings (NYSE:ALSN)

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