Allison Transmission Holdings Inc (ALSN) Director Sells $6,175,377.44 in Stock

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

Allison Transmission Holdings Inc (ALSN) opened at $44.39 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.50 and a debt-to-equity ratio of 4.57. Allison Transmission Holdings Inc has a one year low of $32.93 and a one year high of $45.69. The firm has a market capitalization of $6,292.77, a P/E ratio of 19.64, a P/E/G ratio of 1.67 and a beta of 1.21.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Monday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.27. Allison Transmission had a return on equity of 45.65% and a net margin of 16.34%. The business had revenue of $595.00 million for the quarter, compared to the consensus estimate of $533.53 million. During the same period last year, the business earned $0.27 EPS. The firm’s revenue was up 37.1% compared to the same quarter last year. research analysts predict that Allison Transmission Holdings Inc will post 2.49 earnings per share for the current fiscal year.

Allison Transmission announced that its board has initiated a share buyback plan on Wednesday, November 8th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the auto parts company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Old Mutual Global Investors UK Ltd. grew its holdings 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 in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Allison Transmission by 140.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,030,458 shares of the auto parts company’s stock worth $38,652,000 after purchasing an additional 601,174 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Allison Transmission by 57.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,543,200 shares of the auto parts company’s stock worth $57,885,000 after purchasing an additional 561,334 shares in the last quarter. APG Asset Management N.V. acquired a new stake in shares of Allison Transmission during the 3rd quarter worth approximately $19,846,000. Finally, Koch Industries Inc. acquired a new stake in shares of Allison Transmission during the 2nd quarter worth approximately $506,000.

A number of equities analysts recently weighed in on ALSN shares. BidaskClub upgraded Allison Transmission from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Zacks Investment Research downgraded Allison Transmission from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, October 3rd. Longbow Research downgraded Allison Transmission from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. JPMorgan Chase & Co. increased their price objective on Allison Transmission from $39.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Finally, Piper Jaffray Companies set a $26.00 price objective on Allison Transmission and gave the stock a “sell” rating in a research note on Wednesday, November 1st. 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’s stock. Allison Transmission has an average rating of “Hold” and an average target price 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).

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

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