Insider Selling: Allison Transmission Holdings Inc (ALSN) Director Sells 322,130 Shares of Stock

Allison Transmission Holdings Inc (NYSE:ALSN) Director James A. Star sold 322,130 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $44.49, for a total transaction of $14,331,563.70. Following the transaction, the director now directly owns 41,450 shares in the company, valued at $1,844,110.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Allison Transmission Holdings Inc (NYSE ALSN) traded up $0.54 on Friday, hitting $44.89. 805,451 shares of the company were exchanged, 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. Allison Transmission Holdings Inc has a one year low of $32.93 and a one year high of $45.69. The company has a market capitalization of $6,322.53, a price-to-earnings ratio of 19.86, a P/E/G ratio of 1.68 and a beta of 1.21.

Allison Transmission (NYSE:ALSN) last released its quarterly 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 analyst estimates of $533.53 million. During the same period last year, the firm earned $0.27 earnings per share. The firm’s revenue was up 37.1% on a year-over-year basis. analysts predict that Allison Transmission Holdings Inc will post 2.49 earnings per share for the current 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 purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new position in shares of Allison Transmission during the fourth quarter valued at about $422,000. Acadian Asset Management LLC bought a new position in shares of Allison Transmission during the fourth quarter valued at about $461,000. Convergence Investment Partners LLC lifted its position in shares of Allison Transmission by 198.1% during the fourth quarter. Convergence Investment Partners LLC now owns 35,545 shares of the auto parts company’s stock valued at $1,531,000 after purchasing an additional 23,621 shares in the last quarter. Atlantic Trust Group LLC purchased a new stake in Allison Transmission during the third quarter worth about $1,192,000. Finally, Burgundy Asset Management Ltd. increased its holdings in Allison Transmission by 6.6% during the third quarter. Burgundy Asset Management Ltd. now owns 5,114,840 shares of the auto parts company’s stock worth $191,960,000 after buying an additional 318,821 shares during the last quarter.

Several research analysts recently issued reports on ALSN shares. Piper Jaffray Companies set a $26.00 target price on shares of Allison Transmission and gave the stock a “sell” rating in a research note on Friday, November 17th. 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. raised their price objective on shares of Allison Transmission from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Allison Transmission in a research note on Thursday, November 2nd. Finally, Deutsche Bank set a $37.00 price objective on shares of Allison Transmission and gave the company a “sell” rating in a research note on Wednesday, November 1st. Two 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 company’s stock. The company 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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