Allison Transmission Holdings Inc (NYSE:ALSN) Director James A. Star sold 438,018 shares of Allison Transmission stock in a transaction on Friday, December 29th. The stock was sold at an average price of $43.41, for a total transaction of $19,014,361.38. Following the completion of the transaction, the director now owns 41,450 shares in the company, valued at approximately $1,799,344.50. The sale 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 trading hours on Friday, reaching $44.39. 1,900,000 shares of the company traded hands, compared to its average volume of 1,280,000. The company has a market capitalization of $6,290.00, a price-to-earnings ratio of 19.56, a P/E/G ratio of 1.68 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. The company has a debt-to-equity ratio of 4.57, a current ratio of 1.50 and a quick ratio of 1.15.
Allison Transmission (NYSE:ALSN) last issued 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 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 was up 37.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.27 earnings per share. analysts anticipate 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 initiated a stock repurchase program on Wednesday, November 8th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the auto parts company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
A number of research firms have issued reports on ALSN. BidaskClub upgraded shares of Allison Transmission from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Bank of America reiterated a “buy” rating on shares of Allison Transmission in a research report on Thursday, November 23rd. Zacks Investment Research cut shares of Allison Transmission from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, October 3rd. Buckingham Research boosted their price target on shares of Allison Transmission from $36.00 to $42.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. Finally, Citigroup boosted their price target on shares of Allison Transmission from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $44.18.
Several hedge funds and other institutional investors have recently modified their holdings of the company. TIAA CREF Investment Management LLC lifted its position in 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 valued at $61,164,000 after purchasing an additional 448,541 shares during the period. Ameriprise Financial Inc. lifted its position in Allison Transmission by 751.1% during the second quarter. Ameriprise Financial Inc. now owns 56,578 shares of the auto parts company’s stock valued at $2,121,000 after purchasing an additional 49,930 shares during the period. Standard Life Investments LTD lifted its position in 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 valued at $138,158,000 after purchasing an additional 504,518 shares during the period. Nationwide Fund Advisors lifted its position in Allison Transmission by 50.4% during the second quarter. Nationwide Fund Advisors now owns 483,692 shares of the auto parts company’s stock valued at $18,143,000 after purchasing an additional 162,096 shares during the period. Finally, Amalgamated Bank lifted its position in Allison Transmission by 27.8% during the second quarter. Amalgamated Bank now owns 25,986 shares of the auto parts company’s stock valued at $975,000 after purchasing an additional 5,659 shares during the period.
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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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