Insider Selling: Allison Transmission Holdings VP Sells 13,940 Shares of Stock (ALSN)
Allison Transmission Holdings (NASDAQ:ALSN) VP Eric Scroggins unloaded 13,940 shares of Allison Transmission Holdings stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $24.99, for a total transaction of $348,360.60. Following the completion of the sale, the vice president now directly owns 14,472 shares in the company. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. upgraded shares of Allison Transmission Holdings (NASDAQ:ALSN) from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, September 4th. They now have a $27.00 price target on the stock, up previously from $25.00. Separately, analysts at Credit Suisse raised their price target on shares of Allison Transmission Holdings (NASDAQ:ALSN) from $22.00 to $23.00 in a research note to investors on Tuesday, July 30th. They now have a “neutral” rating on the stock. Finally, analysts at Jefferson Research downgraded shares of Allison Transmission Holdings (NASDAQ:ALSN) from a “buy” rating to a “hold” rating in a research note to investors on Friday, July 12th.
Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Allison Transmission Holdings currently has a consensus rating of “Hold” and an average target price of $25.47.
Allison Transmission Holdings (NASDAQ:ALSN) traded down 1.00% on Thursday, hitting $24.78. The stock had a trading volume of 234,424 shares. Allison Transmission Holdings has a 1-year low of $17.95 and a 1-year high of $25.13. The stock has a 50-day moving average of $23.22 and a 200-day moving average of $23.32. The company has a market cap of $4.620 billion and a P/E ratio of 38.93.
Allison Transmission Holdings (NASDAQ:ALSN) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.01. The company had revenue of $512.00 million for the quarter, compared to the consensus estimate of $501.73 million. During the same quarter last year, the company posted $2.21 earnings per share. Allison Transmission Holdings’s revenue was down 8.4% compared to the same quarter last year. Analysts expect that Allison Transmission Holdings will post $0.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 30th. Investors of record on Monday, August 19th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Thursday, August 15th.
Allison Transmission Holdings, Inc (NASDAQ:ALSN) designs and manufactures commercial and military fully-automatic transmissions.
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