Allison Transmission Holdings Inc (ALSN) : Consulta Ltd reduced its stake in Allison Transmission Holdings Inc by 15.38% during the most recent quarter end. The investment management company now holds a total of 2,750,000 shares of Allison Transmission Holdings Inc which is valued at $74,607,500 after selling 500,000 shares in Allison Transmission Holdings Inc , the firm said in a disclosure report filed with the SEC on Apr 12, 2016.Allison Transmission Holdings Inc makes up approximately 9.04% of Consulta Ltd’s portfolio.
Allison Transmission Holdings Inc opened for trading at $27.13 and hit $27.31 on the upside on Friday, eventually ending the session at $27.13, with a gain of 0.11% or 0.03 points. The heightened volatility saw the trading volume jump to 8,11,082 shares. Company has a market cap of $4,643 M.
Other Hedge Funds, Including , Creative Planning boosted its stake in ALSN in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 341 shares of Allison Transmission Holdings Inc which is valued at $8,982.Eagle Asset Management Inc boosted its stake in ALSN in the latest quarter, The investment management firm added 121,870 additional shares and now holds a total of 728,485 shares of Allison Transmission Holdings Inc which is valued at $19,188,295. Allison Transmission Holdings Inc makes up approx 0.13% of Eagle Asset Management Inc’s portfolio.Cacti Asset Management reduced its stake in ALSN by selling 57,575 shares or 9.23% in the most recent quarter. The Hedge Fund company now holds 566,025 shares of ALSN which is valued at $15,293,996. Allison Transmission Holdings Inc makes up approx 1.64% of Cacti Asset Management’s portfolio.
On the company’s financial health, Allison Transmission Holdings Inc reported $0.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Oct 26, 2015. Analyst had a consensus of $0.66. The company had revenue of $493.00 million for the quarter, compared to analysts expectations of $487.61 million. The company’s revenue was down -10.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.38 EPS.
Many Wall Street Analysts have commented on Allison Transmission Holdings Inc. Company shares were Reiterated by Stifel on Apr 4, 2016 to “Buy”, Firm has raised the Price Target to $ 29 from a previous price target of $27 .Allison Transmission Holdings Inc was Upgraded by BofA/Merrill to ” Buy” on Mar 2, 2016. Shares were Reiterated by Deutsche Bank on Feb 10, 2016 to “Hold” and Lowered the Price Target to $ 25 from a previous price target of $28 .
Allison Transmission Holdings Inc. designs and manufactures commercial and defense transmissions. The Company offers 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 variety 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 Company has over 100 different models that are used in over 2500 different vehicle configurations and are compatible with more than 500 combinations of engine brands models and ratings including diesel gasoline natural gas and other alternative fuels.