Notable Price Action: Is Buying Allison Transmission Holdings Inc Here a Winning Strategy?

Notable Price Action: Is Buying Allison Transmission Holdings Inc Here a Winning Strategy?

The stock of Allison Transmission Holdings Inc (NYSE:ALSN) hit a new 52-week high and has $45.97 target or 49.00% above today’s $30.85 share price. The 7 months bullish chart indicates low risk for the $5.17 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $45.97 price target is reached, the company will be worth $2.53 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 800,582 shares traded hands. Allison Transmission Holdings Inc (NYSE:ALSN) has risen 15.41% since April 11, 2016 and is uptrending. It has outperformed by 9.27% the S&P500.

Allison Transmission Holdings Inc (NYSE:ALSN) Ratings Coverage

Out of 10 analysts covering Allison Transmission Holdings (NYSE:ALSN), 5 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 50% are positive. Allison Transmission Holdings has been the topic of 22 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Citigroup maintained Allison Transmission Holdings Inc (NYSE:ALSN) on Friday, July 29 with “Neutral” rating. As per Monday, January 4, the company rating was downgraded by Robert W. Baird. The rating was downgraded by Stifel Nicolaus on Tuesday, June 14 to “Hold”. Avondale initiated the stock with “Mkt Outperform” rating in Wednesday, December 2 report. The firm has “Outperform” rating given on Friday, September 30 by CLSA. The stock of Allison Transmission Holdings Inc (NYSE:ALSN) has “Overweight” rating given on Friday, September 25 by Barclays Capital. JP Morgan downgraded it to “Neutral” rating and $29 target price in Friday, October 9 report. As per Wednesday, March 2, the company rating was upgraded by Bank of America. The company was initiated on Tuesday, March 15 by RBC Capital Markets. As per Wednesday, September 7, the company rating was initiated by Deutsche Bank.

According to Zacks Investment Research, “Allison Transmission Holdings, Inc. is engaged in the manufacturing of fully-automatic transmissions for medium- and heavy-duty commercial vehicles, medium- and heavy-tactical U.S. military vehicles and hybrid-propulsion systems for transit buses. The Company’s products are used in a variety of applications including on-highway trucks, buses, motorhomes, off-highway vehicles and equipment and military vehicles. Allison Transmission Holdings, Inc. is headquartered in Indianapolis, Indiana.”

Insitutional Activity: The institutional sentiment decreased to 0.86 in Q2 2016. Its down 0.30, from 1.16 in 2016Q1. The ratio fall, as 28 funds sold all Allison Transmission Holdings Inc shares owned while 90 reduced positions. 24 funds bought stakes while 77 increased positions. They now own 154.23 million shares or 8.61% less from 168.77 million shares in 2016Q1.
Cacti Asset Mngmt Limited Liability Corporation accumulated 1.71% or 566,025 shares. The New York-based Tiaa Cref Investment Mngmt Ltd Liability has invested 0.02% in Allison Transmission Holdings Inc (NYSE:ALSN). Advisory Services Network Ltd Liability Com accumulated 256 shares or 0% of the stock. Ci holds 1.94% or 2.51 million shares in its portfolio. Diversified Tru Co last reported 0.08% of its portfolio in the stock. Elk Creek Prtn Llc has 0.32% invested in the company for 126,278 shares. Moreover, Art Limited has 0.08% invested in Allison Transmission Holdings Inc (NYSE:ALSN) for 53,861 shares. Clinton Gru reported 101,100 shares or 0.13% of all its holdings. Bluemountain Cap Management Ltd Liability Co, a New York-based fund reported 66,563 shares. Panagora Asset Mngmt last reported 24,210 shares in the company. Weitz Mgmt accumulated 1.12 million shares or 1.17% of the stock. Ibm Retirement Fund holds 14,293 shares or 0.01% of its portfolio. Mrj Inc accumulated 15,800 shares or 0.3% of the stock. Utah Retirement has 0.02% invested in the company for 25,700 shares. Ladenburg Thalmann Financial accumulated 1,434 shares or 0% of the stock.

Insider Transactions: Since August 10, 2016, the stock had 0 buys, and 5 selling transactions for $124.77 million net activity. Dick Michael also sold $726,037 worth of Allison Transmission Holdings Inc (NYSE:ALSN) on Tuesday, October 25. Shares for $35,939 were sold by Scroggins Eric C. on Monday, November 7. ValueAct Holdings – L.P. had sold 4.30 million shares worth $121.26M. Shares for $154,825 were sold by Dean Sharon L. on Wednesday, August 10. On Thursday, August 25 Kirk Randall R. sold $2.60 million worth of the stock or 93,210 shares.

Another recent and important Allison Transmission Holdings Inc (NYSE:ALSN) news was published by Equitiesfocus.com which published an article titled: “Allison Transmission Holdings, Inc. (NYSE:ALSN) Fixes Dividend Payout At $0.15” on November 11, 2016.

ALSN Company Profile

Allison Transmission Holdings, Inc., incorporated on June 22, 2007, and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Firm makes fully-automatic transmissions for medium- and heavy-duty commercial vehicles and medium-and heavy-tactical the United States defense vehicles. The Firm operates through manufacture and distribution of fully-automatic transmissions segment. 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). The Company’s transmissions are sold under the Allison Transmission brand name and remanufactured transmissions are sold under the ReTran brand name. The Firm has developed over 100 different models that are used in over 2,500 different vehicle configurations and are compatible with over 500 combinations of engine brands, models and ratings, including diesel, gasoline, natural gas and other alternative fuels.

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