Allison Transmission Holdings Inc (ALSN) SVP Michael Dick Sells 6,565 Shares

Allison Transmission Holdings Inc (NYSE:ALSN) SVP Michael Dick sold 6,565 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $44.00, for a total transaction of $288,860.00. Following the sale, the senior vice president now owns 39,496 shares of the company’s stock, valued at $1,737,824. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Michael Dick also recently made the following trade(s):

  • On Tuesday, January 9th, Michael Dick sold 6,565 shares of Allison Transmission stock. The shares were sold at an average price of $45.00, for a total transaction of $295,425.00.
  • On Tuesday, December 12th, Michael Dick sold 4,400 shares of Allison Transmission stock. The shares were sold at an average price of $42.03, for a total transaction of $184,932.00.
  • On Tuesday, December 19th, Michael Dick sold 19,600 shares of Allison Transmission stock. The shares were sold at an average price of $42.47, for a total transaction of $832,412.00.

Allison Transmission Holdings Inc (NYSE ALSN) traded down $0.37 during midday trading on Friday, hitting $44.39. 1,900,000 shares of the company traded hands, compared to its average volume of 1,280,000. 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 twelve month low of $32.93 and a twelve month high of $45.69. The company has a market capitalization of $6,290.00, a PE ratio of 19.56, a PEG ratio of 1.68 and a beta of 1.21.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Monday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.27. The firm had revenue of $595.00 million during the quarter, compared to analysts’ expectations of $533.53 million. Allison Transmission had a net margin of 16.34% and a return on equity of 45.65%. The company’s revenue for the quarter was up 37.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 earnings per share. sell-side analysts predict that Allison Transmission Holdings Inc will post 2.49 earnings per share for the current year.

Allison Transmission declared that its Board of Directors has approved a share 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. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

A number of research firms have issued reports on ALSN. Robert W. Baird restated a “buy” rating and set a $52.00 price target on shares of Allison Transmission in a report on Wednesday, November 1st. BidaskClub upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating in a research note on Saturday, October 21st. Piper Jaffray Companies set a $26.00 target price on shares of Allison Transmission and gave the company a “sell” rating in a research note on Friday, November 17th. JPMorgan Chase & Co. increased their target price 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. Finally, Bank of America set a $52.00 target price on shares of Allison Transmission and gave the company a “buy” rating in a research note on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $44.18.

A number of institutional investors and hedge funds have recently made changes to their positions in ALSN. TIAA CREF Investment Management LLC increased its holdings in shares of Allison Transmission by 37.9% during the second quarter. TIAA CREF Investment Management LLC now owns 1,630,598 shares of the auto parts company’s stock worth $61,164,000 after buying an additional 448,541 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Allison Transmission by 751.1% during the second quarter. Ameriprise Financial Inc. now owns 56,578 shares of the auto parts company’s stock worth $2,121,000 after buying an additional 49,930 shares in the last quarter. Standard Life Investments LTD increased its holdings in shares of Allison Transmission by 15.9% during the second quarter. Standard Life Investments LTD now owns 3,682,743 shares of the auto parts company’s stock worth $138,158,000 after buying an additional 504,518 shares in the last quarter. Nationwide Fund Advisors increased its holdings in shares of Allison Transmission by 50.4% during the second quarter. Nationwide Fund Advisors now owns 483,692 shares of the auto parts company’s stock worth $18,143,000 after buying an additional 162,096 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Allison Transmission by 27.8% during the second quarter. Amalgamated Bank now owns 25,986 shares of the auto parts company’s stock worth $975,000 after buying an additional 5,659 shares in 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).

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

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