Allison Transmission Holdings Inc (ALSN) Director Sells $6,027,970.00 in Stock

Allison Transmission Holdings Inc (NYSE:ALSN) Director James A. Star sold 135,460 shares of Allison Transmission stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $44.50, for a total value of $6,027,970.00. Following the sale, the director now owns 41,450 shares of the company’s stock, valued at $1,844,525. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Allison Transmission Holdings Inc (NYSE ALSN) traded up $0.54 during mid-day trading on Friday, hitting $44.89. The company had a trading volume of 805,451 shares, compared to its average volume of 1,322,708. The company has a debt-to-equity ratio of 4.57, a current ratio of 1.50 and a quick ratio of 1.15. The company has a market capitalization of $6,322.53, a P/E ratio of 19.86, a P/E/G ratio of 1.68 and a beta of 1.21. Allison Transmission Holdings Inc has a 12-month low of $32.93 and a 12-month high of $45.69.

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

Allison Transmission announced that its board has authorized a stock repurchase plan on Wednesday, November 8th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the auto parts company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Several hedge funds have recently added to or reduced their stakes in the stock. Burgundy Asset Management Ltd. raised its holdings in shares of Allison Transmission by 6.6% in the third quarter. Burgundy Asset Management Ltd. now owns 5,114,840 shares of the auto parts company’s stock valued at $191,960,000 after acquiring an additional 318,821 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Allison Transmission by 0.4% in the third quarter. Neuberger Berman Group LLC now owns 2,732,598 shares of the auto parts company’s stock valued at $102,554,000 after purchasing an additional 10,476 shares during the last quarter. Schroder Investment Management Group grew its stake in Allison Transmission by 11.8% in the third quarter. Schroder Investment Management Group now owns 2,430,400 shares of the auto parts company’s stock valued at $90,459,000 after purchasing an additional 255,688 shares during the last quarter. Jennison Associates LLC grew its stake in Allison Transmission by 3.8% in the third quarter. Jennison Associates LLC now owns 1,788,436 shares of the auto parts company’s stock valued at $67,120,000 after purchasing an additional 65,743 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. grew its stake in Allison Transmission by 394.0% in 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 purchasing an additional 1,417,467 shares during the last quarter.

Several research firms have recently weighed in on ALSN. Zacks Investment Research upgraded Allison Transmission from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research report on Friday, November 3rd. JPMorgan Chase & Co. lifted their target price on Allison Transmission from $39.00 to $41.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Citigroup lifted their target price on Allison Transmission from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Robert W. Baird reiterated a “buy” rating and set a $52.00 target price on shares of Allison Transmission in a research report on Wednesday, November 1st. Finally, Buckingham Research lifted their target price on Allison Transmission from $36.00 to $42.00 and gave the stock a “neutral” rating in a research 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 issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average 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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