Insider Selling: Allison Transmission Holdings Inc (ALSN) SVP Sells 6,565 Shares of Stock
Allison Transmission Holdings Inc (NYSE:ALSN) SVP Michael Dick sold 6,565 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $44.00, for a total transaction of $288,860.00. Following the sale, the senior vice president now owns 39,496 shares in the company, valued at $1,737,824. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Michael Dick also recently made the following trade(s):
- On Tuesday, December 12th, Michael Dick sold 4,400 shares of Allison Transmission stock. The shares were sold at an average price of $42.03, for a total transaction of $184,932.00.
- On Tuesday, December 19th, Michael Dick sold 19,600 shares of Allison Transmission stock. The shares were sold at an average price of $42.47, for a total transaction of $832,412.00.
Shares of Allison Transmission Holdings Inc (ALSN) traded down $0.40 during midday trading on Friday, reaching $44.49. 1,195,402 shares of the company’s stock were exchanged, compared to its average volume of 1,531,526. The company has a debt-to-equity ratio of 4.57, a quick ratio of 1.15 and a current ratio of 1.50. The company has a market cap of $6,270.00, a P/E ratio of 19.60, a P/E/G ratio of 1.66 and a beta of 1.21. Allison Transmission Holdings Inc has a one year low of $32.80 and a one year high of $45.69.
Allison Transmission announced that its board has authorized a share repurchase program on Wednesday, November 8th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the auto parts company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
Several hedge funds have recently added to or reduced their stakes in ALSN. Group One Trading L.P. purchased a new position in shares of Allison Transmission during the 3rd quarter worth about $105,000. Tower Research Capital LLC TRC boosted its stake in shares of Allison Transmission by 7,314.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,190 shares of the auto parts company’s stock worth $195,000 after purchasing an additional 5,120 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Allison Transmission by 12.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock worth $201,000 after purchasing an additional 607 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Allison Transmission during the 3rd quarter worth about $203,000. Finally, Menta Capital LLC purchased a new position in shares of Allison Transmission during the 2nd quarter worth about $206,000.
A number of brokerages have issued reports on ALSN. Robert W. Baird reiterated a “buy” rating and issued a $52.00 price target on shares of Allison Transmission in a report on Wednesday, November 1st. BidaskClub upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. Piper Jaffray Companies set a $26.00 price target on shares of Allison Transmission and gave the company a “sell” rating in a report on Friday, November 17th. JPMorgan Chase & Co. lifted their price target on shares of Allison Transmission from $39.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Finally, Bank of America set a $52.00 price target on shares of Allison Transmission and gave the company a “buy” rating in a report on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Allison Transmission currently has an average rating of “Hold” and a consensus price target of $44.18.
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About Allison Transmission
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).
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