James A. Star Sells 640,835 Shares of Allison Transmission Holdings Inc (ALSN) Stock

Allison Transmission Holdings Inc (NYSE:ALSN) Director James A. Star sold 640,835 shares of Allison Transmission stock in a transaction on Friday, January 5th. The shares were sold at an average price of $44.39, for a total transaction of $28,446,665.65. Following the completion of the transaction, the director now owns 41,450 shares in the company, valued at $1,839,965.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Allison Transmission Holdings Inc (NYSE:ALSN) traded down $0.40 during midday trading on Friday, hitting $44.49. 1,178,560 shares of the company’s stock traded hands, compared to its average volume of 1,531,525. Allison Transmission Holdings Inc has a 12 month low of $32.80 and a 12 month high of $45.69. The stock has a market capitalization of $6,270.00, a P/E ratio of 19.60, a PEG ratio of 1.66 and a beta of 1.21. 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 announced its quarterly earnings results on Monday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $533.53 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The company’s revenue for the quarter was up 37.1% compared to the same quarter last year. equities research analysts expect that Allison Transmission Holdings Inc will post 2.49 earnings per share for the current fiscal year.

Allison Transmission declared that its Board of Directors has initiated a stock 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 reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Several institutional investors and hedge funds have recently made changes to their positions in ALSN. Old Mutual Global Investors UK Ltd. lifted its stake in shares of Allison Transmission by 394.0% during the third 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 during the period. Goldman Sachs Group Inc. increased its position in Allison Transmission by 140.0% during the second quarter. Goldman Sachs Group Inc. now owns 1,030,458 shares of the auto parts company’s stock worth $38,652,000 after purchasing an additional 601,174 shares during the last quarter. Renaissance Technologies LLC increased its position in Allison Transmission by 57.2% during the second quarter. Renaissance Technologies LLC now owns 1,543,200 shares of the auto parts company’s stock worth $57,885,000 after purchasing an additional 561,334 shares during the last quarter. APG Asset Management N.V. acquired a new position in Allison Transmission during the third quarter worth approximately $19,846,000. Finally, Koch Industries Inc. acquired a new position in Allison Transmission during the second quarter worth approximately $506,000.

ALSN has been the topic of a number of recent research reports. BidaskClub lowered shares of Allison Transmission from a “hold” rating to a “sell” rating in a research note on Friday, September 8th. Zacks Investment Research lowered shares of Allison Transmission from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, October 3rd. Longbow Research lowered shares of Allison Transmission from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. JPMorgan Chase & Co. boosted their price target on shares of Allison Transmission from $39.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Finally, Piper Jaffray Companies set a $26.00 price target on shares of Allison Transmission and gave the stock a “sell” rating in a research note on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Allison Transmission presently has an average rating of “Hold” and a consensus target price 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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