Insider Selling: Allison Transmission Holdings Inc (ALSN) Director Sells 123,943 Shares of Stock

Allison Transmission Holdings Inc (NYSE:ALSN) Director James A. Star sold 123,943 shares of the firm’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $44.76, for a total value of $5,547,688.68. Following the sale, the director now owns 41,450 shares in the company, valued at $1,855,302. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Allison Transmission Holdings Inc (NYSE ALSN) traded down $0.37 during mid-day trading on Friday, reaching $44.39. The company had a trading volume of 1,903,000 shares, compared to its average volume of 1,400,067. The company has a current ratio of 1.50, a quick ratio of 1.15 and a debt-to-equity ratio of 4.57. Allison Transmission Holdings Inc has a 12 month low of $32.93 and a 12 month high of $45.69. The firm has a market cap of $6,290.00, a PE ratio of 19.56, a price-to-earnings-growth ratio of 1.67 and a beta of 1.21.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Monday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.27. The business had revenue of $595.00 million for the quarter, compared to analysts’ expectations of $533.53 million. Allison Transmission had a return on equity of 45.65% and a net margin of 16.34%. The business’s revenue for the quarter was up 37.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 EPS. equities research analysts anticipate 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 authorized a stock buyback program on Wednesday, November 8th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Several research firms recently issued reports on ALSN. Zacks Investment Research upgraded Allison Transmission from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Friday, November 3rd. JPMorgan Chase & Co. lifted their price objective on Allison Transmission from $39.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Citigroup lifted their price objective on Allison Transmission from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Robert W. Baird reiterated a “buy” rating and issued a $52.00 price objective on shares of Allison Transmission in a report on Wednesday, November 1st. Finally, Buckingham Research lifted their price objective on 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 given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Allison Transmission has an average rating of “Hold” and an average target price of $44.18.

Several institutional investors have recently modified their holdings of ALSN. Group One Trading L.P. acquired a new position in shares of Allison Transmission during the 3rd quarter worth approximately $105,000. Tower Research Capital LLC TRC boosted its holdings 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 last quarter. The Manufacturers Life Insurance Company boosted its holdings 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 last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Allison Transmission during the 3rd quarter worth approximately $203,000. Finally, Menta Capital LLC acquired a new position in shares of Allison Transmission during the 2nd quarter worth approximately $206,000.

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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).

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

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