Allison Transmission Holdings Inc (NYSE:ALSN) SVP Michael Dick sold 19,600 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $42.47, for a total transaction of $832,412.00. Following the transaction, the senior vice president now owns 39,131 shares of the company’s stock, valued at approximately $1,661,893.57. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Michael Dick also recently made the following trade(s):
- On Tuesday, January 9th, Michael Dick sold 6,565 shares of Allison Transmission stock. The stock was sold at an average price of $45.00, for a total transaction of $295,425.00.
- On Wednesday, January 3rd, Michael Dick sold 6,565 shares of Allison Transmission stock. The stock was sold at an average price of $44.00, for a total transaction of $288,860.00.
- On Tuesday, December 12th, Michael Dick sold 4,400 shares of Allison Transmission stock. The stock was sold at an average price of $42.03, for a total transaction of $184,932.00.
Allison Transmission Holdings Inc (ALSN) opened at $44.58 on Thursday. 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 stock has a market cap of $6,320.00, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 1.67 and a beta of 1.21. Allison Transmission Holdings Inc has a fifty-two week low of $32.93 and a fifty-two week high of $45.69.
Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Monday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.27. The firm had revenue of $595.00 million for the quarter, compared to the consensus estimate of $533.53 million. Allison Transmission had a net margin of 16.34% and a return on equity of 45.65%. 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 earned $0.27 EPS. sell-side analysts anticipate that Allison Transmission Holdings Inc will post 2.49 earnings per share for the current fiscal year.
Allison Transmission announced that its board has approved a share buyback program on Wednesday, November 8th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the auto parts company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALSN. Old Mutual Global Investors UK Ltd. raised its stake in shares of Allison Transmission by 394.0% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 1,777,252 shares of the auto parts company’s stock worth $66,700,000 after purchasing an additional 1,417,467 shares during the period. Goldman Sachs Group Inc. raised its stake in Allison Transmission by 140.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,030,458 shares of the auto parts company’s stock valued at $38,652,000 after acquiring an additional 601,174 shares during the period. Renaissance Technologies LLC raised its stake in Allison Transmission by 57.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,543,200 shares of the auto parts company’s stock valued at $57,885,000 after acquiring an additional 561,334 shares during the period. APG Asset Management N.V. bought a new stake in Allison Transmission in the 3rd quarter valued at about $19,846,000. Finally, Koch Industries Inc. bought a new stake in Allison Transmission in the 2nd quarter valued at about $506,000.
ALSN has been the subject of several recent analyst reports. Citigroup raised their price objective on shares of 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 reissued a “buy” rating and issued a $52.00 price target on shares of Allison Transmission in a research report on Wednesday, November 1st. BidaskClub raised shares of Allison Transmission from a “hold” rating to a “buy” rating in a research report on Saturday, October 21st. Royal Bank of Canada reissued a “buy” rating on shares of Allison Transmission in a research report on Thursday, November 2nd. Finally, Zacks Investment Research raised shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Friday, November 3rd. Two 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 given a strong buy rating to the stock. Allison Transmission presently 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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