Allison Transmission Holdings Inc (NYSE:ALSN) Director James A. Star sold 123,943 shares of the stock in a transaction that occurred on Wednesday, January 10th. The shares were sold at an average price of $44.76, for a total transaction of $5,547,688.68. Following the completion of the sale, the director now directly owns 41,450 shares in the company, valued at $1,855,302. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Allison Transmission Holdings Inc (NYSE:ALSN) opened at $44.39 on Monday. Allison Transmission Holdings Inc has a twelve month low of $32.93 and a twelve month 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. The stock has a market cap of $6,290.00, a price-to-earnings ratio of 19.56, a PEG ratio of 1.67 and a beta of 1.21.
Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Monday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate 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%. Allison Transmission’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 EPS. sell-side analysts expect that Allison Transmission Holdings Inc will post 2.49 earnings per share for the current year.
Allison Transmission announced that its Board of Directors has authorized a share buyback 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 reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
ALSN has been the topic of a number of recent analyst reports. BidaskClub raised shares of Allison Transmission from a “hold” rating to a “buy” rating in a research report on Saturday, October 21st. Citigroup upped their target price on shares of Allison Transmission from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Zacks Investment Research cut shares of Allison Transmission from a “strong-buy” rating to a “sell” rating in a report on Tuesday, October 3rd. Piper Jaffray Companies set a $26.00 target price on shares of Allison Transmission and gave the company a “sell” rating in a report on Friday, November 17th. Finally, Buckingham Research upped their target price on shares of Allison Transmission from $36.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $44.18.
Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its stake in Allison Transmission by 2.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 850,469 shares of the auto parts company’s stock worth $31,918,000 after purchasing an additional 18,797 shares during the period. Goldman Sachs Group Inc. boosted its stake in 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 during the period. Burgundy Asset Management Ltd. boosted its stake in Allison Transmission by 1.3% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 4,796,019 shares of the auto parts company’s stock worth $179,899,000 after purchasing an additional 61,875 shares during the period. Strategic Global Advisors LLC purchased a new position in Allison Transmission during the 3rd quarter worth $298,000. Finally, Standard Life Investments LTD raised its position in Allison Transmission by 15.9% during the 2nd 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 during the last quarter.
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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).
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