12.08.2013 14:00:00
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Offerings, Management Appointments, Quarterly Results and New Products- Research Report on Allison Transmission Holdings, Johnson Controls, TRW Automotive Holdings, Polaris Industries, and BorgWarner
NEW YORK, August 12, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Allison Transmission Holdings, Inc. (NYSE: ALSN), Johnson Controls Inc. (NYSE: JCI), TRW Automotive Holdings Corp. (NYSE: TRW), Polaris Industries, Inc. (NYSE: PII), and BorgWarner Inc. (NYSE: BWA). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Allison Transmission Holdings, Inc. Research Report
On August 6, 2013, Allison Transmission Holdings, Inc. (ALSN) reported that the Company has increased and priced its secondary offering from 16.6 million to 20.7 million shares of common stock, from which 16 million shares are for sale to interested buyers at $22.00 per share. According to ALSN, these shares are sold by selling stockholders and none of the proceeds from these sold shares for this offering will go to the Company. ALSN further stated that the selling stockholders have given the underwriters an option to purchase up to 3,105,000 additional shares at the public offering price, less the underwriting discounts and commissions. ALSN also informed that, based on completion of the offer, the Company will repurchase 4.7 million shares out of the 20.7 million of the offered stock at the same purchase price which is payable by the underwriters to the selling stockholders. BofA Merrill Lynch, Citigroup, J.P. Morgan, Barclays, Credit Suisse, and Goldman, Sachs & Co. are the joint book running managers, and the lead managers were Deutsche Bank Securities, Morgan Stanley, and UBS Investment Bank. The Full Research Report on Allison Transmission Holdings, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/cef2_ALSN]
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Johnson Controls Inc. Research Report
On July 25, 2013, Johnson Controls Inc. (Johnson Controls) announced that its Board of Directors has appointed John Murphy as Corporate Officer. According to the Company, Murphy was also named as President - Global WorkPlace Solutions on July 1, 2013, and reports to Alex Molinaroli -Vice Chairman Johnson Controls. prior to this appointment, he held the position of Vice President and General Manager of North America-Systems, Latin America, Middle East, and Global Security. Johnson Controls also stated that Mr. Murphy became a part of the Johnson Controls family in 1999 as Vice President of Global Strategic Marketing in the Building Efficiency business and was then assigned different global management roles within the business. The Full Research Report on Johnson Controls Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/32fc_JCI]
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TRW Automotive Holdings Corp. Research Report
On August 5, 2013, TRW Automotive Holdings Corp. (TRW) announced that 10.9 million shares of its common stock held by Automotive Investors L.L.C. (Automotive Investors) and some members of TRW management are offered for an underwritten public offering. TRW stated that Automotive Investors is offering 10.3 million shares for sale, indicating remnants of its ownership of TRW's common stock and 626,938 shares are being sold by members of TRW management. According to TRW, none of the earnings from the offering will go to TRW, and the total number of shares of common stock outstanding will remain the same even after the offering. The Company informed that Citigroup served as sole book-running manager and underwriter for the offering. The Full Research Report on TRW Automotive Holdings Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/97cf_TRW]
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Polaris Industries, Inc. Research Report
On July 31, 2013, Polaris Industries, Inc. (Polaris Industries) introduced a new line of products for 2014 at its annual sales meeting. The products rolled out from the Company's Motorcycle and Off-Road Vehicle divisions. The Company informed that, 2014's product line includes two Victory Motorcycles 8-Ball models and a strong collection of limited edition vehicles, along with three new key off-road brands: RZR, with the RZR XP 1000; RANGER with the RANGER CREW 900, RANGER 570 EFI, RANGER CREW 570 EFI; and Sportsman with the Sportsman 570 EFI all-terrain vehicle (ATV). Bennett Morgan, President and Chief Operating Officer of Polaris , commented, " We've been the fastest growing original equipment manufacturer (OEM) for five consecutive years and we intend to do it again in 2014, with new innovations, new technologies and unprecedented products to drive growth around the globe." The Full Research Report on Polaris Industries, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/17e6_PII]
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BorgWarner Inc. Research Report
On July 25, 2013, BorgWarner Inc. (BorgWarner) reported Q2 2013 financial results with net sales at $1.9 billion, up 2% YoY and U.S. GAAP net earnings of $1.50 per diluted share compared to $1.00 per diluted share in Q2 2012. James Verrier, President and CEO of BorgWarner, commented, "The focus on fuel economy and improved emissions continued to drive growth for BorgWarner around the world. Operational efficiency and cost controls enabled us to post a record operating margin of 12.9% in the quarter." For full year 2013, BorgWarner expects diluted EPS within $5.4 to $ 5.55 and sales growth to be between 3% and 5% YoY. On July 24, 2013, the Company's board of directors also declared a quarterly cash dividend of $0.25 per share of common stock payable on August 15, 2013 to shareholders of record as on August 5, 2013. The Full Research Report on BorgWarner Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.AnalystsCorner.com/r/full_research_report/70ad_BWA]
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Aktien in diesem Artikel
Allison Transmission Holdings Inc. | 113,00 | -0,88% | |
BorgWarner Inc. | 32,54 | 0,53% | |
Polaris | 64,00 | -0,78% |