Allison Transmission Holdings Inc (NASDAQ:ALSN)‘s stock had its “focus list” rating restated by analysts at Credit Suisse Group AG in a research note issued to investors on Wednesday.
Shares of Allison Transmission Holdings (NASDAQ:ALSN) opened at 27.72 on Wednesday. The stock has a 50 day moving average price of $28.42 and a 200-day moving average price of $27.49. Allison Transmission Holdings has a 52-week low of $20.56 and a 52-week high of $30.52. The firm has a market capitalization of $4.64 billion and a PE ratio of 28.29.
Allison Transmission Holdings (NASDAQ:ALSN) last released its earnings results on Wednesday, July 27th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.28. The firm earned $475 million during the quarter, compared to the consensus estimate of $475.26 million. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 earnings per share. Equities analysts forecast that Allison Transmission Holdings will post $1.10 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Monday, August 22nd were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $0.60 annualized dividend and a yield of 2.16%.
A number of institutional investors have recently bought and sold shares of ALSN. Seven Bridges Advisors LLC increased its position in Allison Transmission Holdings by 25.4% in the second quarter. Seven Bridges Advisors LLC now owns 25,237 shares of the company’s stock valued at $712,000 after buying an additional 5,112 shares during the last quarter. First Quadrant L P CA increased its stake in Allison Transmission Holdings by 1.2% in the second quarter. First Quadrant L P CA now owns 484,700 shares of the company’s stock valued at $13,683,000 after buying an additional 5,700 shares in the last quarter. Northern Capital Management LLC bought a new stake in Allison Transmission Holdings during the second quarter valued at about $208,000. Parametrica Management Ltd bought a new stake in Allison Transmission Holdings during the second quarter valued at about $330,000. Finally, LMR Partners LLP bought a new stake in Allison Transmission Holdings during the second quarter valued at about $336,000.
Other equities analysts have also issued reports about the company. Zacks Investment Research raised Allison Transmission Holdings from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Tuesday, July 12th. Stifel Nicolaus downgraded Allison Transmission Holdings from a “buy” rating to a “hold” rating in a research note on Monday, June 13th. They noted that the move was a valuation call. Deutsche Bank AG began coverage on Allison Transmission Holdings in a research note on Tuesday. They issued a “hold” rating and a $30.00 price objective on the stock. Finally, Citigroup reiterated a “neutral” rating and issued a $30.00 price objective (up previously from $28.00) on shares of Allison Transmission Holdings in a research note on Friday, July 29th. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $30.67.
In related news, SVP Randall R. Kirk sold 93,210 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $27.87, for a total value of $2,597,762.70. Following the transaction, the senior vice president now owns 49,693 shares in the company, valued at $1,384,943.91. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Sharon L. Dean sold 5,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $28.15, for a total value of $154,825.00. Following the completion of the transaction, the vice president now owns 7,906 shares in the company, valued at approximately $222,553.90. The disclosure for this sale can be found here.
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