Shares of Allison Transmission Holdings Inc (NYSE:ALSN) have been given a consensus recommendation of “Hold” by the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $48.60.

A number of equities research analysts have issued reports on ALSN shares. Zacks Investment Research lowered shares of Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a report on Wednesday, June 26th. Morgan Stanley increased their target price on shares of WPP from GBX 1,025 ($13.39) to GBX 1,060 ($13.85) and gave the stock an “equal weight” rating in a report on Wednesday.

In other news, Director William R. Harker sold 4,977,043 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $46.70, for a total value of $232,427,908.10. Following the sale, the director now directly owns 10,318 shares in the company, valued at approximately $481,850.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO G Frederick Bohley acquired 5,000 shares of Allison Transmission stock in a transaction dated Friday, April 26th. The stock was purchased at an average price of $46.00 per share, for a total transaction of $230,000.00. Following the completion of the acquisition, the chief financial officer now directly owns 40,940 shares in the company, valued at approximately $1,883,240. The disclosure for this purchase can be found here. Insiders sold a total of 5,089,819 shares of company stock worth $237,568,166 over the last 90 days. Company insiders own 9.00% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in shares of Allison Transmission by 2.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,146,476 shares of the auto parts company’s stock worth $50,343,000 after acquiring an additional 24,459 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Allison Transmission by 33.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 15,109 shares of the auto parts company’s stock worth $663,000 after acquiring an additional 3,812 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Allison Transmission during the 4th quarter worth approximately $372,000. Northern Trust Corp grew its holdings in shares of Allison Transmission by 3.8% during the 4th quarter. Northern Trust Corp now owns 671,934 shares of the auto parts company’s stock worth $29,504,000 after acquiring an additional 24,812 shares during the period. Finally, Great West Life Assurance Co. Can grew its holdings in shares of Allison Transmission by 10.9% during the 4th quarter. Great West Life Assurance Co. Can now owns 15,303 shares of the auto parts company’s stock worth $647,000 after acquiring an additional 1,508 shares during the period. Institutional investors and hedge funds own 92.51% of the company’s stock.

Allison Transmission stock traded up $0.14 during mid-day trading on Tuesday, reaching $45.92. 642,401 shares of the company’s stock were exchanged, compared to its average volume of 744,602. The firm has a market capitalization of $5.75 billion, a P/E ratio of 9.61, a P/E/G ratio of 0.98 and a beta of 1.41. Allison Transmission has a twelve month low of $40.35 and a twelve month high of $53.76. The company has a current ratio of 1.89, a quick ratio of 1.49 and a debt-to-equity ratio of 3.37. The stock’s fifty day simple moving average is $45.10.

Allison Transmission (NYSE:ALSN) last released its earnings results on Tuesday, April 23rd. The auto parts company reported $1.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.20. The company had revenue of $675.00 million for the quarter, compared to analyst estimates of $658.01 million. Allison Transmission had a net margin of 24.04% and a return on equity of 97.36%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.08 EPS. Equities research analysts forecast that Allison Transmission will post 4.67 earnings per share for the current year.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 12 transmission product lines for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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Analyst Recommendations for Allison Transmission (NYSE:ALSN)

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