Allison Transmission Holdings Inc (NYSE:ALSN) VP Eric C. Scroggins sold 4,330 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $44.00, for a total transaction of $190,520.00. Following the sale, the vice president now directly owns 20,310 shares of the company’s stock, valued at approximately $893,640. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Allison Transmission Holdings Inc (NYSE ALSN) traded down $0.40 during trading on Friday, hitting $44.49. 1,195,402 shares of the stock traded hands, compared to its average volume of 1,531,526. The stock has a market cap of $6,270.00, a PE ratio of 19.60, a PEG ratio of 1.66 and a beta of 1.21. Allison Transmission Holdings Inc has a 1-year low of $32.80 and a 1-year high of $45.69. The company has a quick ratio of 1.15, a current ratio of 1.50 and a debt-to-equity ratio of 4.57.

Allison Transmission (NYSE:ALSN) last released its earnings results on Monday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.27. Allison Transmission had a net margin of 16.34% and a return on equity of 45.65%. The company had revenue of $595.00 million for the quarter, compared to analysts’ expectations of $533.53 million. During the same quarter in the previous year, the company earned $0.27 EPS. Allison Transmission’s revenue for the quarter was up 37.1% on a year-over-year basis. equities research analysts expect that Allison Transmission Holdings Inc will post 2.49 EPS for the current fiscal year.

Allison Transmission declared that its board has authorized a share repurchase plan on Wednesday, November 8th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the auto parts company to buy shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALSN. Old Mutual Global Investors UK Ltd. lifted its stake in shares of Allison Transmission by 394.0% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,777,252 shares of the auto parts company’s stock valued at $66,700,000 after buying an additional 1,417,467 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Allison Transmission by 140.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,030,458 shares of the auto parts company’s stock valued at $38,652,000 after buying an additional 601,174 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Allison Transmission by 57.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,543,200 shares of the auto parts company’s stock valued at $57,885,000 after buying an additional 561,334 shares in the last quarter. APG Asset Management N.V. purchased a new position in shares of Allison Transmission during the 3rd quarter valued at $19,846,000. Finally, Koch Industries Inc. purchased a new position in shares of Allison Transmission during the 2nd quarter valued at $506,000.

Several equities research analysts recently issued reports on the stock. Citigroup raised their target price on shares of Allison Transmission from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Royal Bank of Canada restated a “buy” rating on shares of Allison Transmission in a report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Friday, November 3rd. Deutsche Bank set a $37.00 target price on shares of Allison Transmission and gave the stock a “sell” rating in a report on Wednesday, November 1st. Finally, Buckingham Research raised their target price on shares of Allison Transmission from $36.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.18.

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Allison Transmission Company Profile

Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).

Insider Buying and Selling by Quarter for Allison Transmission (NYSE:ALSN)

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