Insider Selling: Allison Transmission Holdings SVP Unloads 5,406 Shares of Stock (ALSN)
Allison Transmission Holdings (NASDAQ:ALSN) SVP Randall R. Kirk sold 5,406 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $30.62, for a total value of $165,531.72. Following the transaction, the senior vice president now directly owns 9,906 shares in the company, valued at approximately $303,322. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Allison Transmission Holdings in a research note on Monday, July 28th. They now have a $34.00 price target on the stock, up previously from $33.00. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Allison Transmission Holdings in a research note on Friday, July 25th. They now have a $36.00 price target on the stock, up previously from $35.00. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Allison Transmission Holdings in a research note on Friday, July 25th. They now have a $36.00 price target on the stock, up previously from $34.00. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $32.89.
Shares of Allison Transmission Holdings (NASDAQ:ALSN) traded up 0.03% during mid-day trading on Friday, hitting $30.60. 548,269 shares of the company’s stock traded hands. Allison Transmission Holdings has a one year low of $22.09 and a one year high of $32.21. The stock has a 50-day moving average of $30.65 and a 200-day moving average of $30.14. The company has a market cap of $5.407 billion and a P/E ratio of 28.89.
Allison Transmission Holdings (NASDAQ:ALSN) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The company had revenue of $536.10 million for the quarter, compared to the consensus estimate of $527.01 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts expect that Allison Transmission Holdings will post $1.19 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Investors of record on Monday, August 18th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Thursday, August 14th.
Allison Transmission Holdings, Inc (NASDAQ:ALSN) designs and manufactures commercial and military fully-automatic transmissions.
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