Allison Transmission Holdings, Inc. (ALSN) Given a $26.00 Price Target at Piper Jaffray Companies

Piper Jaffray Companies set a $26.00 price target on Allison Transmission Holdings, Inc. (NYSE:ALSN) in a research report report published on Wednesday. The firm currently has a sell rating on the auto parts company’s stock.

A number of other research firms have also issued reports on ALSN. BidaskClub lowered Allison Transmission Holdings from a hold rating to a sell rating in a research report on Monday, July 31st. Stifel Nicolaus reaffirmed a hold rating and issued a $41.00 price target (up previously from $40.00) on shares of Allison Transmission Holdings in a research report on Friday, July 28th. J P Morgan Chase & Co lowered Allison Transmission Holdings from an overweight rating to a neutral rating and reduced their price target for the company from $45.00 to $39.00 in a research report on Thursday, August 17th. Longbow Research lowered Allison Transmission Holdings from a buy rating to a neutral rating in a research report on Thursday, October 12th. Finally, Royal Bank Of Canada increased their price target on Allison Transmission Holdings from $46.00 to $48.00 and gave the company an outperform rating in a research report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of Hold and a consensus target price of $42.78.

Allison Transmission Holdings (NYSE:ALSN) last posted its earnings results on Monday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.27. The firm had revenue of $595.00 million for the quarter, compared to analyst estimates of $533.53 million. Allison Transmission Holdings had a return on equity of 41.80% and a net margin of 16.34%. Allison Transmission Holdings’s revenue was up 37.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS.

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In other news, CFO David S. Graziosi sold 39,264 shares of the stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $37.23, for a total value of $1,461,798.72. Following the transaction, the chief financial officer now owns 233,387 shares in the company, valued at approximately $8,688,998.01. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Randall R. Kirk sold 7,541 shares of the stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $34.27, for a total value of $258,430.07. Following the completion of the transaction, 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. Corporate insiders own 7.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. USA Financial Portformulas Corp increased its holdings in shares of Allison Transmission Holdings by 1.7% in the 2nd quarter. USA Financial Portformulas Corp now owns 20,373 shares of the auto parts company’s stock valued at $764,000 after acquiring an additional 345 shares during the last quarter. EagleClaw Capital Managment LLC increased its holdings in shares of Allison Transmission Holdings by 5.1% in the 2nd quarter. EagleClaw Capital Managment LLC now owns 10,400 shares of the auto parts company’s stock valued at $390,000 after acquiring an additional 500 shares during the last quarter. C M Bidwell & Associates Ltd. increased its holdings in shares of Allison Transmission Holdings by 0.5% in 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 acquiring an additional 565 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Allison Transmission Holdings by 12.8% in 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 acquiring an additional 607 shares during the last quarter. Finally, ETRADE Capital Management LLC increased its holdings in shares of Allison Transmission Holdings by 4.9% in 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 acquiring an additional 1,410 shares during the last quarter.

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).

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