The stock of Allison Transmission Holdings Inc (NYSE:ALSN) hit a new 52-week high and has $50.40 target or 56.00% above today’s $32.31 share price. The 8 months bullish chart indicates low risk for the $5.42B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $50.40 price target is reached, the company will be worth $3.04B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 228,536 shares traded hands. Allison Transmission Holdings Inc (NYSE:ALSN) has risen 16.70% since April 19, 2016 and is uptrending. It has outperformed by 12.84% the S&P500.
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. RBC Capital Markets initiated the shares of ALSN in a report on Tuesday, March 15 with “Outperform” rating. The stock has “Neutral” rating given by Citigroup on Friday, July 29. The stock has “Mkt Outperform” rating given by Avondale on Wednesday, December 2. The firm has “Outperform” rating by CLSA given on Friday, September 30. The rating was initiated by Deutsche Bank on Wednesday, September 7 with “Hold”. As per Friday, September 25, the company rating was initiated by Barclays Capital. The company was maintained on Wednesday, October 12 by Barclays Capital. The stock has “Buy” rating given by Bank of America on Wednesday, March 2. As per Tuesday, June 14, the company rating was downgraded by Stifel Nicolaus. The rating was downgraded by Robert W. Baird to “Neutral” on Monday, January 4.
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 increased to 0.9 in 2016 Q2. Its up 0.04, from 0.86 in 2016Q1. The ratio improved, 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 has invested 0.94% of its portfolio in Allison Transmission Holdings Inc (NYSE:ALSN). Moreover, Aperio Group Inc Lc has 0% invested in Allison Transmission Holdings Inc (NYSE:ALSN) for 22,321 shares. Moreover, Eagleclaw Managment Lc has 0.16% invested in Allison Transmission Holdings Inc (NYSE:ALSN) for 8,400 shares. Teachers last reported 0.01% of its portfolio in the stock. Clearbridge Investments Lc last reported 3.09 million shares in the company. California Pub Employees Retirement Systems has 0.01% invested in the company for 295,900 shares. Benjamin F Edwards last reported 127 shares in the company. Hbk Invests L P, a Texas-based fund reported 107,600 shares. Savings Bank Of Montreal Can last reported 0.01% of its portfolio in the stock. Moreover, Sei has 0% invested in Allison Transmission Holdings Inc (NYSE:ALSN) for 19,435 shares. Lmr Prtn Llp holds 0.05% or 11,932 shares in its portfolio. M&T Comml Bank has 0.01% invested in the company for 40,087 shares. Mesirow Finance Investment Management has invested 0.03% of its portfolio in Allison Transmission Holdings Inc (NYSE:ALSN). Guggenheim Cap Ltd Liability Corp last reported 0.01% of its portfolio in the stock. Hilltop Hldg last reported 11,232 shares in the company.
Insider Transactions: Since August 10, 2016, the stock had 0 insider buys, and 6 insider sales for $124.93 million net activity. Kirk Randall R. also sold $2.60 million worth of Allison Transmission Holdings Inc (NYSE:ALSN) shares. Scroggins Eric C. sold $35,939 worth of Allison Transmission Holdings Inc (NYSE:ALSN) on Monday, November 7. ValueAct Holdings – L.P. sold 4.30 million shares worth $121.26 million. The insider Dean Sharon L. sold $154,250. Another trade for 24,936 shares valued at $726,037 was made by Dick Michael on Tuesday, October 25.
More important recent Allison Transmission Holdings Inc (NYSE:ALSN) news were published by: Prnewswire.com which released: “Allison Transmission announces stock repurchase program” on November 16, 2016, also Prnewswire.com published article titled: “Allison Transmission Announces Third Quarter 2016 Results”, Nasdaq.com published: “Allison Transmission Holdings, Inc. (ALSN) Ex-Dividend Date Scheduled for …” on November 08, 2016. More interesting news about Allison Transmission Holdings Inc (NYSE:ALSN) was released by: Marketwatch.com and their article: “Allison Transmission sets new $1 billion stock buyback program” with publication date: November 16, 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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