Insider Selling: Allison Transmission Holdings VP Unloads 23,000 Shares of Stock (ALSN)
Allison Transmission Holdings (NASDAQ:ALSN) VP James Wanaselja sold 23,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $24.89, for a total value of $572,470.00. Following the completion of the sale, the vice president now directly owns 24,611 shares in the company. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
ALSN has been the subject of a number of recent research reports. 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 issued a buy rating to the company’s stock. Allison Transmission Holdings has a consensus rating of “Hold” and a consensus target price of $25.47.
Shares of Allison Transmission Holdings (NASDAQ:ALSN) traded up 0.56% during mid-day trading on Friday, hitting $24.92. The stock had a trading volume of 325,952 shares. Allison Transmission Holdings has a 52 week low of $17.95 and a 52 week high of $25.17. The stock’s 50-day moving average is $23.25 and its 200-day moving average is $23.33. The company has a market cap of $4.647 billion and a price-to-earnings ratio of 38.54.
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 in the prior year, the company posted $2.21 earnings per share. The company’s quarterly revenue was down 8.4% on a year-over-year basis. Analysts expect that Allison Transmission Holdings will post $0.87 EPS 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 1.93%. 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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