Allison Transmission Holdings, Inc. (NYSE:ALSN)‘s stock had its “buy” rating reaffirmed by Royal Bank Of Canada in a note issued to investors on Thursday.

ALSN has been the topic of a number of other research reports. Buckingham Research began coverage on Allison Transmission Holdings in a research report on Tuesday, September 5th. They set a “neutral” rating and a $36.00 price objective on the stock. ValuEngine upgraded Allison Transmission Holdings from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Robert W. Baird reiterated a “buy” rating and set a $52.00 price objective on shares of Allison Transmission Holdings in a research report on Wednesday. Piper Jaffray Companies reiterated an “underweight” rating and set a $25.00 price objective (down previously from $31.00) on shares of Allison Transmission Holdings in a research report on Wednesday, August 30th. Finally, Deutsche Bank AG reduced their price objective on 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 investment analysts have rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $42.78.

Allison Transmission Holdings (NYSE:ALSN) last announced its quarterly earnings data on Monday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.27. Allison Transmission Holdings had a return on equity of 41.80% and a net margin of 16.34%. The firm had revenue of $595.00 million for the quarter, compared to the consensus estimate of $533.53 million. During the same quarter last year, the business posted $0.27 earnings per share. The firm’s revenue was up 37.1% compared to the same quarter last year.

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In other Allison Transmission Holdings news, CFO David S. Graziosi sold 39,264 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $37.23, for a total transaction of $1,461,798.72. Following the completion of the sale, the chief financial officer now owns 233,387 shares of the company’s stock, valued at $8,688,998.01. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Randall R. Kirk sold 7,541 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $34.27, for a total value of $258,430.07. Following the sale, 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. 7.90% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of ALSN. Tower Research Capital LLC TRC increased its stake in Allison Transmission Holdings by 7,314.3% during the second quarter. Tower Research Capital LLC TRC now owns 5,190 shares of the auto parts company’s stock worth $195,000 after acquiring an additional 5,120 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Allison Transmission Holdings by 12.8% during the second quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock worth $201,000 after acquiring an additional 607 shares during the last quarter. Menta Capital LLC acquired a new stake in Allison Transmission Holdings during the second quarter worth $206,000. BlueCrest Capital Management Ltd acquired a new stake in Allison Transmission Holdings during the second quarter worth $208,000. Finally, ARP Americas LLC acquired a new stake in Allison Transmission Holdings during the third quarter worth $242,000.

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).

Analyst Recommendations for Allison Transmission Holdings (NYSE:ALSN)

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