Allison Transmission Holdings, Inc. (ALSN) Given a $52.00 Price Target at Bank of America Corporation

Bank of America Corporation set a $52.00 target price on Allison Transmission Holdings, Inc. (NYSE:ALSN) in a report released on Tuesday. The firm currently has a buy rating on the auto parts company’s stock.

A number of other equities analysts also recently commented on the company. Piper Jaffray Companies reiterated an underweight rating and set a $25.00 price objective (down previously from $31.00) on shares of Allison Transmission Holdings in a research report on Wednesday, August 30th. Deutsche Bank AG downgraded Allison Transmission Holdings from a hold rating to a sell rating and reduced their price objective for the stock from $43.00 to $33.00 in a research report on Tuesday, September 5th. ValuEngine upgraded Allison Transmission Holdings from a hold rating to a buy rating in a research report on Friday, September 1st. BidaskClub downgraded Allison Transmission Holdings from a buy rating to a hold rating in a research report on Wednesday, July 19th. Finally, Longbow Research downgraded Allison Transmission Holdings from a buy rating to a neutral rating in a research report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $44.18.

Allison Transmission Holdings (ALSN) opened at $38.95 on Tuesday. Allison Transmission Holdings has a 1 year low of $32.01 and a 1 year high of $45.69. The company has a market capitalization of $5,890.00, a P/E ratio of 18.63, a P/E/G ratio of 1.69 and a beta of 1.24. The company has a debt-to-equity ratio of 4.57, a quick ratio of 1.15 and a current ratio of 1.50.

Allison Transmission Holdings (NYSE:ALSN) last announced its quarterly earnings data on Monday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.27. Allison Transmission Holdings had a return on equity of 45.65% and a net margin of 16.34%. The firm had revenue of $595.00 million for the quarter, compared to the consensus estimate of $533.53 million. During the same quarter last year, the business posted $0.27 earnings per share. The firm’s revenue was up 37.1% compared to the same quarter last year. analysts forecast that Allison Transmission Holdings will post 2.49 EPS for the current year.

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Allison Transmission Holdings announced that its Board of Directors has authorized a share buyback plan on Wednesday, November 8th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the auto parts company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Monday, November 20th will be paid a $0.15 dividend. The ex-dividend date is Friday, November 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.54%. Allison Transmission Holdings’s payout ratio is presently 26.43%.

In other news, SVP Randall R. Kirk sold 7,541 shares of Allison Transmission Holdings stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $34.27, for a total value of $258,430.07. Following the completion of the sale, the senior vice president now directly owns 84,494 shares of the company’s stock, valued at $2,895,609.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the sale, the chief financial officer now directly owns 233,387 shares of the company’s stock, valued at $8,688,998.01. The disclosure for this sale can be found here. Insiders own 7.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Burgundy Asset Management Ltd. grew its stake in shares of Allison Transmission Holdings by 1.3% in the second quarter. Burgundy Asset Management Ltd. now owns 4,796,019 shares of the auto parts company’s stock valued at $179,899,000 after buying an additional 61,875 shares in the last quarter. Standard Life Investments LTD grew its stake in shares of Allison Transmission Holdings by 15.9% in the second quarter. Standard Life Investments LTD now owns 3,682,743 shares of the auto parts company’s stock valued at $138,158,000 after buying an additional 504,518 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of Allison Transmission Holdings by 0.4% in the third quarter. Neuberger Berman Group LLC now owns 2,732,598 shares of the auto parts company’s stock valued at $102,554,000 after buying an additional 10,476 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Allison Transmission Holdings by 11.8% in the third quarter. Schroder Investment Management Group now owns 2,430,400 shares of the auto parts company’s stock valued at $90,459,000 after buying an additional 255,688 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Allison Transmission Holdings by 3.8% in the third quarter. Jennison Associates LLC now owns 1,788,436 shares of the auto parts company’s stock valued at $67,120,000 after buying an additional 65,743 shares in the last quarter.

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).

Analyst Recommendations for Allison Transmission Holdings (NYSE:ALSN)

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