Price Change to Note: Time to Buy Allison Transmission Holdings Inc After Today’s Significant Increase?

Price Change to Note: Time to Buy Allison Transmission Holdings Inc After Today's Significant Increase?

The stock of Allison Transmission Holdings Inc (NYSE:ALSN) is a huge mover today! About 1.38 million shares traded hands. Allison Transmission Holdings Inc (NYSE:ALSN) has risen 14.17% since April 14, 2016 and is uptrending. It has outperformed by 9.48% the S&P500.
The move comes after 5 months positive chart setup for the $5.23B company. It was reported on Nov, 16 by Barchart.com. We have $45.39 PT which if reached, will make NYSE:ALSN worth $2.25 billion more.

Allison Transmission Holdings Inc (NYSE:ALSN) Ratings Coverage

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. Allison Transmission Holdings has been the topic of 22 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Bank of America upgraded the shares of ALSN in a report on Wednesday, March 2 to “Buy” rating. The firm has “Outperform” rating given on Tuesday, March 15 by RBC Capital Markets. The stock of Allison Transmission Holdings Inc (NYSE:ALSN) earned “Overweight” rating by Barclays Capital on Wednesday, October 12. As per Friday, October 9, the company rating was downgraded by JP Morgan. Deutsche Bank downgraded the stock to “Hold” rating in Tuesday, September 22 report. CLSA initiated the shares of ALSN in a report on Friday, September 30 with “Outperform” rating. The company was downgraded on Tuesday, June 14 by Stifel Nicolaus. The stock of Allison Transmission Holdings Inc (NYSE:ALSN) has “Neutral” rating given on Monday, January 4 by Robert W. Baird. The rating was initiated by Barclays Capital on Friday, September 25 with “Overweight”. The firm earned “Mkt Outperform” rating on Wednesday, December 2 by Avondale.

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.”

Insitutional Activity: The institutional sentiment decreased to 0.86 in 2016 Q2. Its down 0.30, from 1.16 in 2016Q1. The ratio worsened, 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.
Ami Inv Mngmt Inc last reported 108,100 shares in the company. Susquehanna Intl Grp Limited Liability Partnership has 0% invested in the company for 85,332 shares. Sei has 19,435 shares for 0% of their US portfolio. Teacher Retirement System Of Texas reported 20,344 shares or 0% of all its holdings. Wfg Advsrs L P accumulated 0% or 1 shares. Eagleclaw Capital Managment Lc owns 8,400 shares or 0.16% of their US portfolio. Eagle Asset Management holds 0.1% or 489,016 shares in its portfolio. The California-based Old West Inv Management Lc has invested 1.21% in Allison Transmission Holdings Inc (NYSE:ALSN). Panagora Asset Management Incorporated last reported 24,210 shares in the company. Cornerstone Advsrs Inc accumulated 0.01% or 173 shares. Sg Americas Securities Ltd Limited Liability Company holds 0% of its portfolio in Allison Transmission Holdings Inc (NYSE:ALSN) for 6,258 shares. Blackrock Gru Limited last reported 0% of its portfolio in the stock. Benjamin F Edwards Co accumulated 127 shares or 0% of the stock. Geode Mngmt Ltd Limited Liability Company holds 0.02% or 1.32 million shares in its portfolio. Manufacturers Life Communications The has 4,961 shares for 0% of their US portfolio.

Insider Transactions: Since August 10, 2016, the stock had 0 insider purchases, and 6 selling transactions for $124.93 million net activity. Scroggins Eric C. sold $35,939 worth of stock or 1,238 shares. ValueAct Holdings – L.P. had sold 4.30M shares worth $121.26 million. $2.60 million worth of shares were sold by Kirk Randall R. on Thursday, August 25. 24,936 Allison Transmission Holdings Inc (NYSE:ALSN) shares with value of $726,037 were sold by Dick Michael. Shares for $154,825 were sold by Dean Sharon L..

Another recent and important Allison Transmission Holdings Inc (NYSE:ALSN) news was published by Prnewswire.com which published an article titled: “Allison Transmission Announces Third Quarter 2016 Results” on October 24, 2016.

ALSN Company Profile

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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