Allison Transmission Holdings Inc (NYSE:ALSN) CFO David S. Graziosi sold 1,800 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $42.04, for a total value of $75,672.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
David S. Graziosi also recently made the following trade(s):
- On Tuesday, December 19th, David S. Graziosi sold 58,800 shares of Allison Transmission stock. The shares were sold at an average price of $42.51, for a total value of $2,499,588.00.
Allison Transmission Holdings Inc (NYSE ALSN) opened at $44.76 on Friday. 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 company has a market capitalization of $6,320.00, a P/E ratio of 19.72, a P/E/G ratio of 1.67 and a beta of 1.21. Allison Transmission Holdings Inc has a 1 year low of $32.93 and a 1 year high of $45.69.
Allison Transmission (NYSE:ALSN) last posted its earnings results on Monday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.27. The company had revenue of $595.00 million during 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 firm’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share. analysts forecast that Allison Transmission Holdings Inc will post 2.49 EPS for the current year.
Allison Transmission announced that its board has initiated a stock repurchase program on Wednesday, November 8th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the auto parts company to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Allison Transmission from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Friday, November 3rd. JPMorgan Chase & Co. raised their target price on Allison Transmission from $39.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Citigroup raised their target price on Allison Transmission from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Robert W. Baird restated a “buy” rating and issued a $52.00 target price on shares of Allison Transmission in a research report on Wednesday, November 1st. Finally, Buckingham Research raised their target price on Allison Transmission from $36.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Allison Transmission presently has an average rating of “Hold” and an average price target of $44.18.
A number of hedge funds have recently bought and sold shares of the business. USA Financial Portformulas Corp increased its stake in Allison Transmission by 1.7% during the second quarter. USA Financial Portformulas Corp now owns 20,373 shares of the auto parts company’s stock worth $764,000 after acquiring an additional 345 shares during the last quarter. EagleClaw Capital Managment LLC increased its stake in Allison Transmission by 5.1% during the second quarter. EagleClaw Capital Managment LLC now owns 10,400 shares of the auto parts company’s stock worth $390,000 after acquiring an additional 500 shares during the last quarter. C M Bidwell & Associates Ltd. increased its stake in Allison Transmission by 0.5% during the second quarter. C M Bidwell & Associates Ltd. now owns 111,390 shares of the auto parts company’s stock worth $4,178,000 after acquiring an additional 565 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Allison Transmission by 12.8% during the second quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock worth $201,000 after acquiring an additional 607 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its stake in Allison Transmission by 14.4% during the third quarter. Hillsdale Investment Management Inc. now owns 9,435 shares of the auto parts company’s stock worth $354,000 after acquiring an additional 1,190 shares during the last quarter.
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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).
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