Allison Transmission Holdings, Inc. (NYSE:ALSN) had its price target dropped by Deutsche Bank AG from $44.00 to $43.00 in a research note issued on Wednesday, August 2nd. The brokerage currently has a “hold” rating on the auto parts company’s stock. Deutsche Bank AG’s target price would suggest a potential upside of 17.58% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus raised their target price on shares of Allison Transmission Holdings from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Barclays PLC raised their target price on shares of Allison Transmission Holdings from $39.00 to $44.00 and gave the company an “overweight” rating in a research note on Thursday, April 20th. BidaskClub downgraded shares of Allison Transmission Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada raised their target price on shares of Allison Transmission Holdings from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of Allison Transmission Holdings from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $40.56.

Shares of Allison Transmission Holdings (NYSE ALSN) traded down 1.27% during mid-day trading on Wednesday, hitting $36.57. The company’s stock had a trading volume of 1,488,383 shares. The stock has a market cap of $5.44 billion, a PE ratio of 20.77 and a beta of 1.18. Allison Transmission Holdings has a 1-year low of $26.74 and a 1-year high of $40.25. The company has a 50-day moving average price of $37.70 and a 200-day moving average price of $37.02.

Allison Transmission Holdings (NYSE:ALSN) last posted its quarterly earnings data on Monday, July 31st. The auto parts company reported $0.63 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.16. Allison Transmission Holdings had a net margin of 14.32% and a return on equity of 31.27%. The company had revenue of $580 million during the quarter, compared to the consensus estimate of $515.03 million. During the same period in the prior year, the business posted $0.37 EPS. The company’s quarterly revenue was up 22.1% on a year-over-year basis. Analysts predict that Allison Transmission Holdings will post $2.11 EPS for the current fiscal year.

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In related news, CFO David S. Graziosi sold 50,000 shares of Allison Transmission Holdings stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $38.19, for a total value of $1,909,500.00. Following the transaction, the chief financial officer now directly owns 244,123 shares of the company’s stock, valued at $9,323,057.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Randall R. Kirk sold 7,284 shares of Allison Transmission Holdings stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $37.78, for a total transaction of $275,189.52. Following the completion of the transaction, the senior vice president now directly owns 78,347 shares in the company, valued at $2,959,949.66. The disclosure for this sale can be found here. Insiders have sold 132,584 shares of company stock worth $5,126,514 over the last ninety days. Insiders own 7.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in ALSN. Menta Capital LLC purchased a new position in shares of Allison Transmission Holdings during the second quarter worth about $206,000. Amalgamated Bank boosted its position 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 worth $975,000 after buying an additional 5,659 shares during the period. ETRADE Capital Management LLC boosted its position in shares of Allison Transmission Holdings by 4.9% in the second quarter. ETRADE Capital Management LLC now owns 30,296 shares of the auto parts company’s stock worth $1,136,000 after buying an additional 1,410 shares during the period. M&T Bank Corp boosted its position in shares of Allison Transmission Holdings by 160.4% in the second quarter. M&T Bank Corp now owns 50,524 shares of the auto parts company’s stock worth $1,895,000 after buying an additional 31,118 shares during the period. Finally, Ameriprise Financial Inc. boosted its position 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 worth $2,121,000 after buying an additional 49,930 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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