Allison Transmission (NYSE:ALSN) Receives Lower Rating From Longbow Research. What’s The Reasoning Behind This Move?

October 13, 2017 - By Henry Gaston

 Allison Transmission (NYSE:ALSN) Receives Lower Rating From Longbow Research. What’s The Reasoning Behind This Move?

Investors sentiment increased to 1.39 in Q2 2017. Its up 0.16, from 1.23 in 2017Q1. It improved, as 21 investors sold Allison Transmission Holdings Inc shares while 81 reduced holdings. 55 funds opened positions while 87 raised stakes. 153.29 million shares or 2.13% more from 150.08 million shares in 2017Q1 were reported.

Tudor Inv Corp Et Al holds 0.04% in Allison Transmission Holdings Inc (NYSE:ALSN) or 31,291 shares. Eagleclaw Cap Managment Ltd Liability has 10,400 shares for 0.23% of their portfolio. Jpmorgan Chase & Communications invested in 0.05% or 5.58 million shares. First Trust Advsrs Lp holds 178,643 shares. Moreover, Schroder Invest Mngmt Gru has 0.15% invested in Allison Transmission Holdings Inc (NYSE:ALSN) for 2.17M shares. Kessler Ltd holds 0.04% in Allison Transmission Holdings Inc (NYSE:ALSN) or 752 shares. Smithfield reported 0% of its portfolio in Allison Transmission Holdings Inc (NYSE:ALSN). Walleye Trading Limited Liability holds 0% or 4,348 shares. Capital One National Association holds 0.11% or 41,494 shares in its portfolio. The Michigan-based World Asset Mgmt has invested 0.01% in Allison Transmission Holdings Inc (NYSE:ALSN). Thompson Davis And Co Inc, Virginia-based fund reported 38 shares. Alliancebernstein L P holds 0% of its portfolio in Allison Transmission Holdings Inc (NYSE:ALSN) for 125,755 shares. Castleark Mngmt Lc, Illinois-based fund reported 132,125 shares. Morgan Stanley has invested 0.01% in Allison Transmission Holdings Inc (NYSE:ALSN). 46,196 were accumulated by Old West Inv Mngmt Lc.

Since May 1, 2017, it had 0 insider purchases, and 6 selling transactions for $7.70 million activity. $279,676 worth of stock was sold by Kirk Randall R. on Monday, June 5. $279,127 worth of Allison Transmission Holdings Inc (NYSE:ALSN) was sold by Dick Michael. Another trade for 77,678 shares valued at $2.99 million was sold by Dewey Lawrence E..

Allison Transmission (NYSE:ALSN) Receives a Downgrade

Shares of New York-listed Allison Transmission (NYSE:ALSN) Have been downgraded by investment analysts at Longbow Research. Longbow Research downgraded their rating for the $5.57 billion market cap company to a Neutral from their previous Buy rating.

Investors sentiment increased to 1.39 in Q2 2017. Its up 0.16, from 1.23 in 2017Q1. It improved, as 21 investors sold Allison Transmission Holdings Inc shares while 81 reduced holdings. 55 funds opened positions while 87 raised stakes. 153.29 million shares or 2.13% more from 150.08 million shares in 2017Q1 were reported.

Tudor Inv Corp Et Al holds 0.04% in Allison Transmission Holdings Inc (NYSE:ALSN) or 31,291 shares. Eagleclaw Cap Managment Ltd Liability has 10,400 shares for 0.23% of their portfolio. Jpmorgan Chase & Communications invested in 0.05% or 5.58 million shares. First Trust Advsrs Lp holds 178,643 shares. Moreover, Schroder Invest Mngmt Gru has 0.15% invested in Allison Transmission Holdings Inc (NYSE:ALSN) for 2.17M shares. Kessler Ltd holds 0.04% in Allison Transmission Holdings Inc (NYSE:ALSN) or 752 shares. Smithfield reported 0% of its portfolio in Allison Transmission Holdings Inc (NYSE:ALSN). Walleye Trading Limited Liability holds 0% or 4,348 shares. Capital One National Association holds 0.11% or 41,494 shares in its portfolio. The Michigan-based World Asset Mgmt has invested 0.01% in Allison Transmission Holdings Inc (NYSE:ALSN). Thompson Davis And Co Inc, Virginia-based fund reported 38 shares. Alliancebernstein L P holds 0% of its portfolio in Allison Transmission Holdings Inc (NYSE:ALSN) for 125,755 shares. Castleark Mngmt Lc, Illinois-based fund reported 132,125 shares. Morgan Stanley has invested 0.01% in Allison Transmission Holdings Inc (NYSE:ALSN). 46,196 were accumulated by Old West Inv Mngmt Lc.

Since May 1, 2017, it had 0 insider purchases, and 6 selling transactions for $7.70 million activity. $279,676 worth of stock was sold by Kirk Randall R. on Monday, June 5. $279,127 worth of Allison Transmission Holdings Inc (NYSE:ALSN) was sold by Dick Michael. Another trade for 77,678 shares valued at $2.99 million was sold by Dewey Lawrence E..

Allison Transmission Holdings Inc (NYSE:ALSN) Ratings Coverage

Among 20 analysts covering Allison Transmission Holdings (NYSE:ALSN), 8 have Buy rating, 3 Sell and 9 Hold. Therefore 40% are positive. Allison Transmission Holdings has $51.0 highest and $25.0 lowest target. $36.62’s average target is -2.03% below currents $37.38 stock price. Allison Transmission Holdings had 56 analyst reports since July 30, 2015 according to SRatingsIntel. On Wednesday, December 2 the stock rating was initiated by Avondale with “Mkt Outperform”. The firm earned “Underweight” rating on Friday, December 9 by PiperJaffray. As per Thursday, October 12, the company rating was downgraded by Longbow. The firm earned “Overweight” rating on Wednesday, October 12 by Barclays Capital. The firm has “Buy” rating given on Wednesday, March 2 by Bank of America. RBC Capital Markets maintained Allison Transmission Holdings Inc (NYSE:ALSN) on Friday, April 28 with “Outperform” rating. The firm has “Sell” rating given on Friday, April 28 by Piper Jaffray. The firm has “Neutral” rating given on Friday, October 9 by JP Morgan. The rating was initiated by Macquarie Research with “Neutral” on Tuesday, December 13. Robert W. Baird maintained Allison Transmission Holdings Inc (NYSE:ALSN) rating on Tuesday, September 5. Robert W. Baird has “Buy” rating and $51.0 target.

About 869,891 shares traded. Allison Transmission Holdings Inc (NYSE:ALSN) has risen 38.35% since October 13, 2016 and is uptrending. It has outperformed by 21.65% the S&P500.

Analysts expect Allison Transmission Holdings Inc (NYSE:ALSN) to report $0.47 EPS on October, 23.They anticipate $0.20 EPS change or 74.07 % from last quarter’s $0.27 EPS. ALSN’s profit would be $70.03 million giving it 19.88 P/E if the $0.47 EPS is correct. After having $0.63 EPS previously, Allison Transmission Holdings Inc’s analysts see -25.40 % EPS growth.

Allison Transmission Holdings, Inc. and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The company has market cap of $5.57 billion. The Firm makes fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. It has a 20.99 P/E ratio. The Company’s transmissions are used in a range of applications, including on-highway trucks , buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).

More news for Allison Transmission Holdings Inc (NYSE:ALSN) were recently published by: Prnewswire.com, which released: “Pre-Market Technical Recap on Auto Parts Stocks — Allison Transmission …” on October 05, 2017. Prnewswire.com‘s article titled: “Allison Transmission closes $400 million senior notes offering” and published on September 26, 2017 is yet another important article.

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