Allison Transmission Holdings Inc (NYSE:ALSN) Director James A. Star sold 322,130 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $44.49, for a total value of $14,331,563.70. Following the transaction, the director now owns 41,450 shares of the company’s stock, valued at $1,844,110.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Allison Transmission Holdings Inc (ALSN) traded up $0.54 during mid-day trading on Friday, hitting $44.89. The stock had a trading volume of 805,451 shares, compared to its average volume of 1,260,000. The company has a quick ratio of 1.15, a current ratio of 1.50 and a debt-to-equity ratio of 4.57. The company has a market capitalization of $6,360.00, a PE ratio of 19.78, a PEG ratio of 1.67 and a beta of 1.21. Allison Transmission Holdings Inc has a 12 month low of $32.93 and a 12 month high of $45.69.
Allison Transmission (NYSE:ALSN) last announced its earnings results on Monday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.48 by $0.27. The company had revenue of $595.00 million for 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 business’s revenue for the quarter was up 37.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 earnings per share. equities research analysts forecast 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 approved a stock repurchase program on Wednesday, November 8th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the auto parts company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
Several research firms have issued reports on ALSN. Zacks Investment Research upgraded Allison Transmission from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Friday, November 3rd. 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. Citigroup increased their price objective on Allison Transmission from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Robert W. Baird reiterated a “buy” rating and set a $52.00 price objective on shares of Allison Transmission in a research note on Wednesday, November 1st. Finally, Buckingham Research increased their price objective on Allison Transmission from $36.00 to $42.00 and gave the stock a “neutral” 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 assigned a buy rating and one has issued a strong buy rating to the stock. Allison Transmission presently has an average rating of “Hold” and an average target price of $44.18.
Hedge funds have recently made changes to their positions in the company. Group One Trading L.P. bought a new stake in shares of Allison Transmission during the third quarter worth $105,000. Tower Research Capital LLC TRC grew its holdings in shares of Allison Transmission by 7,314.3% during the second quarter. Tower Research Capital LLC TRC now owns 5,190 shares of the auto parts company’s stock worth $195,000 after purchasing an additional 5,120 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of 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 purchasing an additional 607 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Allison Transmission during the third quarter worth $203,000. Finally, Menta Capital LLC bought a new stake in shares of Allison Transmission during the second quarter worth $206,000.
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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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