Allison Transmission Holdings, Inc. (ALSN) Sets New 12-Month High Following Earnings Beat

Allison Transmission Holdings, Inc. (NYSE:ALSN) hit a new 52-week high on Monday following a better than expected earnings announcement. The company traded as high as $43.20 and last traded at $43.25, with a volume of 2,119,700 shares changing hands. The stock had previously closed at $42.94.

The auto parts company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.48 by $0.27. Allison Transmission Holdings had a net margin of 14.32% and a return on equity of 31.27%. The company had revenue of $595.00 million for the quarter, compared to the consensus estimate of $533.53 million. During the same period in the previous year, the firm earned $0.27 earnings per share. The firm’s revenue for the quarter was up 37.1% on a year-over-year basis.

Several research analysts recently commented on ALSN shares. BidaskClub downgraded shares of Allison Transmission Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $41.00 target price (up from $40.00) on shares of Allison Transmission Holdings in a research note on Friday, July 28th. J P Morgan Chase & Co downgraded shares of Allison Transmission Holdings from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $45.00 to $39.00 in a research note on Thursday, August 17th. Piper Jaffray Companies reaffirmed a “sell” rating and issued a $31.00 target price on shares of Allison Transmission Holdings in a research note on Wednesday, July 12th. Finally, Longbow Research downgraded shares of Allison Transmission Holdings from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Allison Transmission Holdings currently has an average rating of “Hold” and an average target price of $39.88.

In related news, CFO David S. Graziosi sold 39,264 shares of Allison Transmission Holdings stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $37.23, for a total value of $1,461,798.72. Following the sale, the chief financial officer now owns 233,387 shares in the company, valued at $8,688,998.01. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Randall R. Kirk sold 7,541 shares of Allison Transmission Holdings stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $34.27, for a total transaction of $258,430.07. Following the completion of the sale, the senior vice president now owns 84,494 shares in the company, valued at approximately $2,895,609.38. The disclosure for this sale can be found here. Insiders own 7.90% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. USA Financial Portformulas Corp boosted its holdings in shares of Allison Transmission Holdings by 1.7% during the 2nd quarter. USA Financial Portformulas Corp now owns 20,373 shares of the auto parts company’s stock valued at $764,000 after buying an additional 345 shares in the last quarter. EagleClaw Capital Managment LLC boosted its holdings in shares of Allison Transmission Holdings by 5.1% during the 2nd quarter. EagleClaw Capital Managment LLC now owns 10,400 shares of the auto parts company’s stock valued at $390,000 after buying an additional 500 shares in the last quarter. C M Bidwell & Associates Ltd. boosted its holdings in shares of Allison Transmission Holdings by 0.5% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 111,390 shares of the auto parts company’s stock valued at $4,178,000 after buying an additional 565 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Allison Transmission Holdings by 12.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock valued at $201,000 after buying an additional 607 shares in the last quarter. Finally, ETRADE Capital Management LLC boosted its holdings in shares of Allison Transmission Holdings by 4.9% during the 2nd quarter. ETRADE Capital Management LLC now owns 30,296 shares of the auto parts company’s stock valued at $1,136,000 after buying an additional 1,410 shares in the last quarter.

The company’s 50 day moving average price is $37.52 and its 200 day moving average price is $37.26. The firm has a market cap of $6.32 billion, a PE ratio of 24.13 and a beta of 1.19.

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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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