The stock of Allison Transmission Holdings Inc (NYSE:ALSN) hit a new 52-week high and has $35.30 target or 5.00% above today’s $33.62 share price. The 6 months bullish chart indicates low risk for the $5.66 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $35.30 price target is reached, the company will be worth $283.00 million 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 801,340 shares traded hands. Allison Transmission Holdings Inc (NYSE:ALSN) has risen 14.74% since April 28, 2016 and is uptrending. It has outperformed by 8.81% the S&P500.
Analysts await Allison Transmission Holdings Inc (NYSE:ALSN) to report earnings on February, 13. They expect $0.26 EPS, down 65.79% or $0.50 from last year’s $0.76 per share. ALSN’s profit will be $43.77 million for 32.33 P/E if the $0.26 EPS becomes a reality. After $0.27 actual EPS reported by Allison Transmission Holdings Inc for the previous quarter, Wall Street now forecasts -3.70% negative EPS growth.
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. The stock has “Neutral” rating given by JP Morgan on Friday, October 9. The firm has “Mkt Outperform” rating given on Wednesday, December 2 by Avondale. Robert W. Baird downgraded it to “Neutral” rating and $28 target price in Monday, January 4 report. The firm has “Hold” rating by Deutsche Bank given on Wednesday, September 7. The stock has “Buy” rating given by Bank of America on Wednesday, March 2. The firm has “Hold” rating given on Tuesday, June 14 by Stifel Nicolaus. The stock of Allison Transmission Holdings Inc (NYSE:ALSN) earned “Outperform” rating by CLSA on Friday, September 30. The firm has “Neutral” rating by Citigroup given on Friday, July 29. The stock has “Overweight” rating given by Barclays Capital on Wednesday, October 12. RBC Capital Markets initiated Allison Transmission Holdings Inc (NYSE:ALSN) on Tuesday, March 15 with “Outperform” rating.
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 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.
Aqr Capital Mngmt Llc owns 185,281 shares or 0.01% of their US portfolio. Weitz Mngmt holds 1.17% of its portfolio in Allison Transmission Holdings Inc (NYSE:ALSN) for 1.12M shares. The Texas-based Hilltop Hldgs has invested 0.1% in Allison Transmission Holdings Inc (NYSE:ALSN). First Manhattan accumulated 205,892 shares or 0.04% of the stock. Princeton Alpha Ltd Partnership reported 71,253 shares or 0.36% of all its holdings. Price Michael F holds 1.12% of its portfolio in Allison Transmission Holdings Inc (NYSE:ALSN) for 300,000 shares. Tdam Usa Incorporated has 36,064 shares for 0.05% of their US portfolio. Cantab Prns Llp has invested 0% of its portfolio in Allison Transmission Holdings Inc (NYSE:ALSN). Ent Financial has 187 shares for 0% of their US portfolio. The Illinois-based Envestnet Asset has invested 0% in Allison Transmission Holdings Inc (NYSE:ALSN). Neuberger Berman Group Ltd Limited Liability Company last reported 2.19 million shares in the company. Bb&T Corp owns 44,552 shares or 0.03% of their US portfolio. Tudor Inv Corporation Et Al, a Connecticut-based fund reported 22,364 shares. Paloma Mgmt has invested 0.03% of its portfolio in Allison Transmission Holdings Inc (NYSE:ALSN). Hbk Investments Lp last reported 0.02% of its portfolio in the stock.
Insider Transactions: Since August 10, 2016, the stock had 0 insider buys, and 8 selling transactions for $262.41 million net activity. Shares for $121.26M were sold by ValueAct Holdings – L.P. on Thursday, October 27. Another trade for 24,936 shares valued at $726,037 was sold by Dick Michael. Another trade for 5,500 shares valued at $154,825 was made by Dean Sharon L. on Wednesday, August 10. 1,238 Allison Transmission Holdings Inc (NYSE:ALSN) shares with value of $35,939 were sold by Scroggins Eric C.. The insider Kirk Randall R. sold 93,210 shares worth $2.60M.
Another recent and important Allison Transmission Holdings Inc (NYSE:ALSN) news was published by Nasdaq.com which published an article titled: “Allison Transmission Holdings, Inc. (ALSN) Ex-Dividend Date Scheduled for …” on November 08, 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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