Insider Selling: Allison Transmission Holdings CEO Unloads 28,000 Shares of Stock (ALSN)
Allison Transmission Holdings (NASDAQ:ALSN) CEO Lawrence E. Dewey sold 28,000 shares of Allison Transmission Holdings stock on the open market in a transaction dated Thursday, June 12th. The stock was sold at an average price of $30.28, for a total transaction of $847,840.00. Following the transaction, the chief executive officer now directly owns 245,744 shares of the company’s stock, valued at approximately $7,441,128. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Allison Transmission Holdings (NASDAQ:ALSN) traded down 0.56% on Monday, hitting $30.29. 1,856,159 shares of the company’s stock traded hands. Allison Transmission Holdings has a one year low of $21.95 and a one year high of $31.42. The stock has a 50-day moving average of $30.16 and a 200-day moving average of $29.06. The company has a market cap of $5.486 billion and a price-to-earnings ratio of 30.16.
Allison Transmission Holdings (NASDAQ:ALSN) last posted its quarterly earnings results on Thursday, April 17th. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.04. The company had revenue of $494.00 million for the quarter, compared to the consensus estimate of $482.02 million. Analysts expect that Allison Transmission Holdings will post $1.19 EPS for the current fiscal year.
ALSN has been the subject of a number of recent research reports. Analysts at Ned Davis Research upgraded shares of Allison Transmission Holdings from a “sell” rating to a “neutral” rating in a research note on Monday, May 12th. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Allison Transmission Holdings in a research note on Thursday, April 24th. They now have a $35.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Allison Transmission Holdings from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 23rd. They now have a $32.70 price target on the stock. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $32.09.
Allison Transmission Holdings, Inc (NASDAQ:ALSN) designs and manufactures commercial and military fully-automatic transmissions.
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