Allison Transmission Holdings, Inc. (NYSE:ALSN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The brokerage presently has a $49.00 price target on the auto parts company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.28% from the stock’s previous close.

According to Zacks, “Allison Transmission Holdings, Inc. is engaged in the manufacturing of fully-automatic transmissions for medium- and heavy-duty commercial vehicles, medium- and heavy-tactical U.S. military vehicles and hybrid-propulsion systems for transit buses. The Company’s products are used in a variety of applications including on-highway trucks, buses, motorhomes, off-highway vehicles and equipment and military vehicles. Allison Transmission Holdings, Inc. is headquartered in Indianapolis, Indiana. “

A number of other equities analysts have also weighed in on the stock. Royal Bank Of Canada restated a “buy” rating on shares of Allison Transmission Holdings in a research report on Thursday. Citigroup Inc. upped their target price on shares of Allison Transmission Holdings from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday. Robert W. Baird restated a “buy” rating and set a $52.00 target price on shares of Allison Transmission Holdings in a research report on Wednesday. Buckingham Research upped their target price on shares of Allison Transmission Holdings from $36.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Stifel Nicolaus upped their target price on shares of Allison Transmission Holdings from $41.00 to $45.00 and gave the stock a “hold” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $43.40.

Allison Transmission Holdings (ALSN) traded down $0.12 on Friday, hitting $43.64. 1,658,505 shares of the company’s stock were exchanged, compared to its average volume of 2,065,270. The firm has a market cap of $6.25 billion, a P/E ratio of 19.50 and a beta of 1.24.

Allison Transmission Holdings (NYSE:ALSN) last issued its earnings results on Monday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping 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 45.65%. 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 business earned $0.27 earnings per share. Allison Transmission Holdings’s revenue for the quarter was up 37.1% on a year-over-year basis. equities research analysts expect that Allison Transmission Holdings will post 2.43 EPS for the current year.

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In other news, SVP Randall R. Kirk sold 7,541 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $34.27, for a total value of $258,430.07. Following the sale, the senior vice president now owns 84,494 shares of the company’s stock, valued at $2,895,609.38. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David S. Graziosi sold 39,264 shares of the stock in a transaction on 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 sale, the chief financial officer now directly owns 233,387 shares in the company, valued at approximately $8,688,998.01. The disclosure for this sale can be found here. 7.90% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Isthmus Partners LLC raised its stake in shares of Allison Transmission Holdings by 1.5% in the third quarter. Isthmus Partners LLC now owns 165,872 shares of the auto parts company’s stock valued at $6,225,000 after acquiring an additional 2,450 shares during the period. American Century Companies Inc. raised its stake in shares of Allison Transmission Holdings by 1,430.1% in the third quarter. American Century Companies Inc. now owns 268,707 shares of the auto parts company’s stock valued at $10,085,000 after acquiring an additional 251,146 shares during the period. Monarch Partners Asset Management LLC raised its stake in shares of Allison Transmission Holdings by 23.8% in the third quarter. Monarch Partners Asset Management LLC now owns 206,728 shares of the auto parts company’s stock valued at $7,759,000 after acquiring an additional 39,783 shares during the period. Chicago Equity Partners LLC raised its stake in shares of Allison Transmission Holdings by 94.0% in the third quarter. Chicago Equity Partners LLC now owns 54,815 shares of the auto parts company’s stock valued at $2,057,000 after acquiring an additional 26,555 shares during the period. Finally, Old Mutual Global Investors UK Ltd. raised its stake in shares of Allison Transmission Holdings by 394.0% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,777,252 shares of the auto parts company’s stock valued at $66,700,000 after acquiring an additional 1,417,467 shares during the period.

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).

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Analyst Recommendations for Allison Transmission Holdings (NYSE:ALSN)

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