Insider Selling: Allison Transmission Holdings SVP Unloads 15,000 Shares of Stock (ALSN)
Allison Transmission Holdings (NASDAQ:ALSN) SVP Michael G. Headly sold 15,000 shares of Allison Transmission Holdings stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $30.70, for a total transaction of $460,500.00. Following the completion of the sale, the senior vice president now directly owns 30,200 shares of the company’s stock, valued at approximately $927,140. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on ALSN shares. Analysts at William Blair initiated coverage on shares of Allison Transmission Holdings in a research note on Wednesday. They set an “outperform” rating and a $36.00 price target on the stock. Separately, 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. Finally, 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. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $32.52.
Allison Transmission Holdings (NASDAQ:ALSN) traded down 0.52% on Friday, hitting $30.85. The stock had a trading volume of 7,567,399 shares. Allison Transmission Holdings has a 52 week low of $22.08 and a 52 week high of $31.42. The stock has a 50-day moving average of $30.36 and a 200-day moving average of $29.28. The company has a market cap of $5.588 billion and a price-to-earnings ratio of 30.70.
Allison Transmission Holdings (NASDAQ:ALSN) last issued its quarterly earnings data on Thursday, April 17th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Allison Transmission Holdings will post $1.19 earnings per share for the current fiscal year.
Allison Transmission Holdings, Inc (NASDAQ:ALSN) designs and manufactures commercial and military fully-automatic transmissions.
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