Allison Transmission Holdings, Inc. (ALSN) Downgraded by Zacks Investment Research to Sell

Allison Transmission Holdings, Inc. (ALSN) Downgraded by Zacks Investment Research to Sell”

Several brokerages have weighed in on ALSN. The New York-based Bnp Paribas Arbitrage has invested 0.01% in Allison Transmission Holdings Inc (NYSE:ALSN).

Other hedge funds and other institutional investors have also modified their holdings of the company.

For the Current Quarter, the growth estimate for Allison Transmission Holdings, 85.2%, while for the Next Quarter the stock growth estimate is 33.3%. Moreover, Advisory Rech Inc has 0.62% invested in Allison Transmission Holdings Inc (NYSE:ALSN). The number of shares now owned by investors are 151 mln. Standard Life Investments LTD boosted its stake in Allison Transmission Holdings by 15.9% in the second quarter.

Tightening the gaze, stock performance for the last 5 trading days is 3.10%. EagleClaw Capital Managment LLC raised its position in Allison Transmission Holdings by 5.1% during the 2nd quarter. Nationwide Fund Advisors now owns 483,692 shares of the auto parts company's stock worth $18,143,000 after purchasing an additional 162,096 shares in the last quarter. Amalgamated Bank boosted its holdings in Allison Transmission Holdings by 27.8% in the second quarter. The stock decreased 0.63% or $0.44 during the last trading session, reaching $69.32.

TRADEMARK VIOLATION WARNING: "Isthmus Partners LLC Invests $6.13 Million in Allison Transmission Holdings, Inc. (ALSN) Stake Lessened by Tudor Investment Corp ET AL" was originally published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are viewing this article on another site, it was illegally stolen and reposted in violation of U.S. & global copyright laws.

02/27/2017 - Allison Transmission Holdings, Inc. was downgraded to "neutral" by analysts at Goldman Sachs.

Allison Transmission Holdings, Inc. has a one year low of $27.03 and a one year high of $40.25. (NYSE:ALSN) opened at 37.27 on Tuesday.

Allison Transmission Holdings, Inc. has a 50 day moving average of 35.33 and a 200 day moving average of 36.77.

Boston Scientific Corporation (NYSE:BSX) trades at $29.02 having a market capitalization of $39.75 billion. (NYSE:ALSN) traded at an unexpectedly high on Tuesday, posting a -1.56% after which it closed the day' session at $36.69.

Looking forward, the company's quarterly earnings are expected to come at $0.49 in the three months through September 2017 and $0.53 in the quarter ending December 2017, reflecting -5.77% and 1.92% growth, respectively. The firm had revenue of $580.00 million during the quarter, compared to analyst estimates of $515.03 million. Jacobs Levy Equity Management holds 0.32% of its portfolio in Allison Transmission Holdings Inc (NYSE:ALSN) for 398,774 shares. The business's revenue for the quarter was up 8.0% on a year-over-year basis. It last reported revenues of $806.1 million and EPS of $0.5 for the June 2017, representing 12% top-line growth and 0.51 EPS growth. On average, equities research analysts predict that Allison Transmission Holdings Inc will post $1.80 EPS for the current fiscal year.

In other news, CFO David S. Graziosi sold 150,000 shares of Allison Transmission Holdings stock in a transaction that occurred on Tuesday, February 7th. 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 senior vice president now directly owns 84,494 shares of the company's stock, valued at $2,895,609.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. Kirk Randall R. sold $279,030 worth of stock or 7,230 shares.

Since May 1, 2017, it had 0 insider purchases, and 6 selling transactions for $7.70 million activity. The disclosure for this sale can be found here. Insiders sold a total of 57,541 shares of company stock valued at $2,148,703 in the last three months.

Other analysts have also issued research reports about the company. BidaskClub downgraded shares of Allison Transmission Holdings from a "buy" rating to a "hold" rating in a research report on Saturday, June 17th. First Manhattan invested 0% in Allison Transmission Holdings Inc (NYSE:ALSN). The stock has an average rating of Hold and a consensus target price of $40.11. The stock of Allison Transmission Holdings Inc (NYSE:ALSN) earned "Buy" rating by RBC Capital Markets on Tuesday, August 1. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. (ALSN) remained successful in beating the consensus-estimated $0.47 as it actually earned $0.63 per share in its last reported financial results. Finally, Quantitative Investment Management LLC bought a new stake in Allison Transmission Holdings in the second quarter worth $2,333,000. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles.

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