Allison Transmission Holdings, Inc. (NYSE:ALSN) had its price objective raised by research analysts at Stifel Nicolaus from $41.00 to $45.00 in a research report issued to clients and investors on Wednesday. The firm presently has a “hold” rating on the auto parts company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 5.91% from the company’s current price.

A number of other equities research analysts have also issued reports on ALSN. Royal Bank Of Canada reissued a “buy” rating on shares of Allison Transmission Holdings in a report on Friday, July 7th. Piper Jaffray Companies reissued a “sell” rating and issued a $31.00 price objective on shares of Allison Transmission Holdings in a report on Wednesday, July 12th. BidaskClub lowered shares of Allison Transmission Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Robert W. Baird raised shares of Allison Transmission Holdings from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $43.00 to $51.00 in a report on Tuesday, August 1st. Finally, Deutsche Bank AG dropped their price objective 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. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Allison Transmission Holdings currently has an average rating of “Hold” and a consensus target price of $41.00.

Allison Transmission Holdings (NYSE:ALSN) opened at 42.49 on Wednesday. The company’s 50 day moving average is $37.52 and its 200-day moving average is $37.26. Allison Transmission Holdings has a 1-year low of $28.29 and a 1-year high of $45.69. The stock has a market capitalization of $6.32 billion, a PE ratio of 24.13 and a beta of 1.20.

Allison Transmission Holdings (NYSE:ALSN) last announced its quarterly earnings data on Monday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.27. Allison Transmission Holdings had a net margin of 16.34% and a return on equity of 41.80%. The firm had revenue of $595.00 million during the quarter, compared to analyst estimates of $533.53 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Allison Transmission Holdings’s quarterly revenue was up 37.1% on a year-over-year basis. Analysts forecast 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 the stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 233,387 shares of the company’s stock, valued at $8,688,998.01. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Randall R. Kirk sold 7,541 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $34.27, for a total transaction of $258,430.07. Following the transaction, the senior vice president now directly owns 84,494 shares of the company’s stock, valued at approximately $2,895,609.38. The disclosure for this sale can be found here. Company insiders own 7.90% of the company’s stock.

A number of hedge funds have recently made changes to their positions in ALSN. TIAA CREF Investment Management LLC boosted its stake in shares of Allison Transmission Holdings by 37.9% in the second quarter. TIAA CREF Investment Management LLC now owns 1,630,598 shares of the auto parts company’s stock valued at $61,164,000 after purchasing an additional 448,541 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Allison Transmission Holdings by 751.1% in the second quarter. Ameriprise Financial Inc. now owns 56,578 shares of the auto parts company’s stock valued at $2,121,000 after purchasing an additional 49,930 shares during the period. Standard Life Investments LTD boosted its stake in shares of Allison Transmission Holdings by 15.9% in the second quarter. Standard Life Investments LTD now owns 3,682,743 shares of the auto parts company’s stock valued at $138,158,000 after purchasing an additional 504,518 shares during the period. Nationwide Fund Advisors boosted its stake in shares of Allison Transmission Holdings by 50.4% in the second quarter. Nationwide Fund Advisors now owns 483,692 shares of the auto parts company’s stock valued at $18,143,000 after purchasing an additional 162,096 shares during the period. Finally, Amalgamated Bank boosted its stake in shares of Allison Transmission Holdings by 27.8% in the second quarter. Amalgamated Bank now owns 25,986 shares of the auto parts company’s stock valued at $975,000 after purchasing an additional 5,659 shares during the period.

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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