Todays Report: The Ameriprise Financial Inc. Acquires 150,661 Shares of Allison Transmission Holdings Inc (ALSN)

The Ameriprise Financial Inc. Acquires 150,661 Shares of Allison Transmission Holdings Inc (ALSN)

Ameriprise Financial Inc. boosted its stake in Allison Transmission Holdings Inc (NASDAQ:ALSN) by 160.2% during the second quarter, Holdings Channel reports. The fund owned 244,732 shares of the company’s stock after buying an additional 150,661 shares during the period. Ameriprise Financial Inc. owned about 0.15% of Allison Transmission Holdings worth $6,908,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in ALSN. Blair William & Co. IL bought a new position in Allison Transmission Holdings during the second quarter valued at approximately $203,000. EagleClaw Capital Managment LLC increased its position in Allison Transmission Holdings by 10.5% in the second quarter. EagleClaw Capital Managment LLC now owns 8,400 shares of the company’s stock valued at $236,000 after buying an additional 800 shares during the period. Janney Montgomery Scott LLC bought a new position in Allison Transmission Holdings during the second quarter valued at approximately $820,000. Neuberger Berman Group LLC increased its position in Allison Transmission Holdings by 215.3% in the second quarter. Neuberger Berman Group LLC now owns 2,192,585 shares of the company’s stock valued at $61,897,000 after buying an additional 1,497,121 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Allison Transmission Holdings by 26.1% in the second quarter. PNC Financial Services Group Inc. now owns 25,790 shares of the company’s stock valued at $727,000 after buying an additional 5,331 shares during the period.

Shares of Allison Transmission Holdings Inc (NASDAQ:ALSN) traded down 0.35% during trading on Friday, reaching $28.47. The company’s stock had a trading volume of 703,687 shares. The firm’s 50-day moving average is $27.83 and its 200 day moving average is $27.94. Allison Transmission Holdings Inc has a 52-week low of $20.56 and a 52-week high of $30.52. The company has a market cap of $4.77 billion and a PE ratio of 29.05.

Allison Transmission Holdings (NASDAQ:ALSN) last posted its earnings results on Wednesday, July 27th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.64 by $0.28. The firm earned $475 million during the quarter, compared to the consensus estimate of $475.26 million. During the same quarter last year, the firm earned $0.30 earnings per share. The company’s revenue was down 7.0% compared to the same quarter last year. On average, equities research analysts predict that Allison Transmission Holdings Inc will post $1.10 EPS for the current fiscal year.

Several equities analysts recently commented on the company. Credit Suisse Group AG restated a “focus list” rating and set a $32.00 target price on shares of Allison Transmission Holdings in a research report on Wednesday, September 7th. Citigroup Inc. restated a “neutral” rating and set a $30.00 target price (up previously from $28.00) on shares of Allison Transmission Holdings in a research report on Friday, July 29th. Zacks Investment Research upgraded Allison Transmission Holdings from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Tuesday, July 12th. Credit Agricole SA assumed coverage on Allison Transmission Holdings in a research report on Friday, September 30th. They set an “outperform” rating and a $31.00 target price for the company. Finally, Deutsche Bank AG assumed coverage on Allison Transmission Holdings in a research report on Tuesday, September 6th. They issued a “hold” rating and a $30.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $31.00.

In other news, VP Sharon L. Dean sold 5,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $28.15, for a total value of $154,825.00. Following the transaction, the vice president now owns 7,906 shares of the company’s stock, valued at $222,553.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Randall R. Kirk sold 93,210 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $27.87, for a total value of $2,597,762.70. Following the completion of the transaction, the senior vice president now directly owns 49,693 shares in the company, valued at approximately $1,384,943.91. The disclosure for this sale can be found here.

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