November 23, 2016 - By Hazel Jackson
Company insider, Sharon Dean, VP – Quality and Reliability of Allison Transmission Holdings Inc unloaded a total of 1,278 shares of the company, based on a stock price of $32.9 per share. Sharon is trying to silently decrease her company’s share, same as she did in the last month. She unloaded another 5,000 shares worth $154,250 USD. This insider deal, was completed on November 23, 2016. It’s on hand at the SEC’s website and can be found at this page. Now, Sharon Dean owns 7,906 shares or exactly 0.00% of Allison Transmission Holdings Inc’s market cap (total dollar market value of all company’s outstanding shares).
Out of 10 analysts covering Allison Transmission Holdings (NYSE:ALSN), 5 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 50% are positive. $35 is the highest target while $25 is the lowest. The $29.56 average target is -9.35% below today’s ($32.61) stock price. Allison Transmission Holdings has been the topic of 22 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, March 15. The stock has “Mkt Outperform” rating given by Avondale on Wednesday, December 2. The firm has “Buy” rating given on Wednesday, March 2 by Bank of America. Robert W. Baird downgraded the stock to “Neutral” rating in Monday, January 4 report. The rating was maintained by Citigroup on Friday, July 29 with “Neutral”. The rating was initiated by Barclays Capital on Friday, September 25 with “Overweight”. On Tuesday, June 14 the stock rating was downgraded by Stifel Nicolaus to “Hold”. The firm earned “Hold” rating on Tuesday, September 22 by Deutsche Bank. As per Friday, October 9, the company rating was downgraded by JP Morgan. The stock of Allison Transmission Holdings Inc (NYSE:ALSN) has “Overweight” rating given on Wednesday, October 12 by Barclays Capital.
Insitutional Activity: The institutional sentiment increased to 0.9 in 2016 Q2. Its up 0.04, from 0.86 in 2016Q1. The ratio increased, as 28 funds sold all Allison Transmission Holdings Inc shares owned while 90 reduced positions. 24 funds bought stakes while 77 increased positions. They now own 154.23 million shares or 8.61% less from 168.77 million shares in 2016Q1.
Advisory Svcs Lc holds 256 shares or 0% of its portfolio. Salem Counselors, a North Carolina-based fund reported 9,300 shares. Cipher Lp holds 0.05% of its portfolio in Allison Transmission Holdings Inc (NYSE:ALSN) for 25,020 shares. Jane Street Group Limited Co last reported 0% of its portfolio in the stock. Hsbc Public Ltd Com accumulated 0% or 12,145 shares. Babson Capital Mgmt Ltd Liability has 0.07% invested in the company for 97,050 shares. California State Teachers Retirement has 307,923 shares for 0.02% of their US portfolio. Rhumbline Advisers has 0.01% invested in the company for 106,263 shares. Qs Ltd Liability Co has 0% invested in the company for 16,052 shares. The Guernsey-based Bluecrest Cap Mngmt Limited has invested 0.14% in Allison Transmission Holdings Inc (NYSE:ALSN). The New York-based Alliancebernstein Limited Partnership has invested 0% in Allison Transmission Holdings Inc (NYSE:ALSN). Zacks Invest Mgmt holds 51,437 shares or 0.04% of its portfolio. Fdx accumulated 0.03% or 24,680 shares. Sg Americas Limited Liability Corporation accumulated 0% or 6,258 shares. Hudson Bay Capital Lp has 73,004 shares for 0.06% of their US portfolio.
Insider Transactions: Since August 10, 2016, the stock had 0 insider buys, and 7 insider sales for $262.37 million net activity. On Thursday, August 25 Kirk Randall R. sold $2.60M worth of the stock or 93,210 shares. 4.30 million shares were sold by ValueAct Holdings – L.P., worth $137.44 million on Thursday, November 17. Dean Sharon L. also sold $154,825 worth of Allison Transmission Holdings Inc (NYSE:ALSN) on Wednesday, August 10. Scroggins Eric C. sold $35,939 worth of Allison Transmission Holdings Inc (NYSE:ALSN) on Monday, November 7. The insider Dick Michael sold 24,936 shares worth $726,037.
About 710,461 shares traded hands. Allison Transmission Holdings Inc (NYSE:ALSN) has risen 16.62% since April 21, 2016 and is uptrending. It has outperformed by 11.29% the S&P500.
Allison Transmission Holdings, Inc. and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The company has a market cap of $5.35 billion. The Firm makes fully-automatic transmissions for medium- and heavy-duty commercial vehicles and medium-and heavy-tactical the United States defense vehicles. It has a 33.26 P/E ratio. The Firm operates through manufacture and distribution of fully-automatic transmissions segment.
According to Zacks Investment Research, “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.”
Analysts await Allison Transmission Holdings Inc (NYSE:ALSN) to report earnings on February, 13. They expect $0.26 earnings per share, down 65.79% or $0.50 from last year’s $0.76 per share. ALSN’s profit will be $42.66M for 31.36 P/E if the $0.26 EPS becomes a reality. After $0.27 actual earnings per share reported by Allison Transmission Holdings Inc for the previous quarter, Wall Street now forecasts -3.70% negative EPS growth.
More important recent Allison Transmission Holdings Inc (NYSE:ALSN) news were published by: Prnewswire.com which released: “Technical Roundup on Auto Parts Stocks — Dana, Allison Transmission, Westport ..” on November 23, 2016, also Prnewswire.com published article titled: “Allison Transmission announces stock repurchase program”, Prnewswire.com published: “Allison Transmission Announces Third Quarter 2016 Results” on October 24, 2016. More interesting news about Allison Transmission Holdings Inc (NYSE:ALSN) was released by: Nasdaq.com and their article: “Allison Transmission Holdings, Inc. (ALSN) Ex-Dividend Date Scheduled for ..” with publication date: November 08, 2016.
Allison Transmission Holdings, Inc., incorporated on June 22, 2007, and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Firm makes fully-automatic transmissions for medium- and heavy-duty commercial vehicles and medium-and heavy-tactical the United States defense vehicles. The Firm operates through manufacture and distribution of fully-automatic transmissions segment. 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). The Company’s transmissions are sold under the Allison Transmission brand name and remanufactured transmissions are sold under the ReTran brand name. The Firm has developed over 100 different models that are used in over 2,500 different vehicle configurations and are compatible with over 500 combinations of engine brands, models and ratings, including diesel, gasoline, natural gas and other alternative fuels.
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