Allison Transmission Holdings Inc (ALSN) Director James A. Star Sells 142,028 Shares

Allison Transmission Holdings Inc (NYSE:ALSN) Director James A. Star sold 142,028 shares of the firm’s stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $43.48, for a total value of $6,175,377.44. Following the transaction, the director now owns 41,450 shares in the company, valued at $1,802,246. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Allison Transmission Holdings Inc (NYSE:ALSN) opened at $44.58 on Thursday. Allison Transmission Holdings Inc has a 1 year low of $32.93 and a 1 year high of $45.69. The stock has a market cap of $6,320.00, a P/E ratio of 19.64, a P/E/G ratio of 1.67 and a beta of 1.21. The company has a debt-to-equity ratio of 4.57, a quick ratio of 1.15 and a current ratio of 1.50.

Allison Transmission (NYSE:ALSN) last announced its earnings results 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. Allison Transmission had a net margin of 16.34% and a return on equity of 45.65%. The firm had revenue of $595.00 million for the quarter, compared to analyst estimates of $533.53 million. During the same quarter last year, the business earned $0.27 earnings per share. Allison Transmission’s revenue was up 37.1% compared to the same quarter last year. analysts forecast that Allison Transmission Holdings Inc will post 2.49 EPS for the current year.

Allison Transmission announced that its Board of Directors has initiated a share buyback program 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. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

A number of brokerages have commented on ALSN. BidaskClub raised Allison Transmission from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Zacks Investment Research lowered Allison Transmission from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, October 3rd. Longbow Research cut Allison Transmission from a “buy” rating to a “neutral” rating in a report on Thursday, October 12th. JPMorgan Chase & Co. boosted their target price on Allison Transmission from $39.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Finally, Piper Jaffray Companies set a $26.00 price objective on Allison Transmission and gave the company a “sell” rating in a report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Allison Transmission currently has a consensus rating of “Hold” and a consensus price target of $44.18.

A number of hedge funds and other institutional investors have recently made changes to their positions in ALSN. Old Mutual Global Investors UK Ltd. boosted its holdings in shares of Allison Transmission by 394.0% in the 3rd 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. Goldman Sachs Group Inc. boosted its holdings in shares of 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 purchasing an additional 601,174 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of 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 purchasing an additional 561,334 shares during the last quarter. APG Asset Management N.V. acquired a new position in shares of Allison Transmission in the 3rd quarter valued at $19,846,000. Finally, Koch Industries Inc. acquired a new position in shares of Allison Transmission in the 2nd quarter valued at $506,000.

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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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