Insider Selling: Allison Transmission Holdings Inc (ALSN) Director Sells 30,168 Shares of Stock

Allison Transmission Holdings Inc (NYSE:ALSN) Director James A. Star sold 30,168 shares of the firm’s stock in a transaction on Friday, April 13th. The stock was sold at an average price of $40.17, for a total value of $1,211,848.56. Following the completion of the sale, the director now directly owns 41,900 shares of the company’s stock, valued at $1,683,123. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

NYSE ALSN opened at $40.22 on Friday. The firm has a market cap of $5,552.24, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.15 and a beta of 1.19. The company has a debt-to-equity ratio of 3.68, a current ratio of 1.52 and a quick ratio of 1.15. Allison Transmission Holdings Inc has a twelve month low of $32.93 and a twelve month high of $45.69.

How to Become a New Pot Stock Millionaire

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Wednesday, February 14th. The auto parts company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.89. Allison Transmission had a return on equity of 60.52% and a net margin of 22.28%. The business had revenue of $588.00 million during the quarter, compared to analysts’ expectations of $576.57 million. During the same period in the prior year, the business posted $0.36 EPS. The company’s revenue was up 25.4% compared to the same quarter last year. equities analysts expect that Allison Transmission Holdings Inc will post 3.44 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in ALSN. Two Sigma Investments LP boosted its holdings in Allison Transmission by 1,655.5% during the 4th quarter. Two Sigma Investments LP now owns 1,175,386 shares of the auto parts company’s stock valued at $50,624,000 after acquiring an additional 1,108,432 shares during the period. LSV Asset Management purchased a new position in Allison Transmission during the 4th quarter valued at about $38,870,000. Jennison Associates LLC boosted its holdings in Allison Transmission by 44.5% during the 4th quarter. Jennison Associates LLC now owns 2,584,627 shares of the auto parts company’s stock valued at $111,320,000 after acquiring an additional 796,191 shares during the period. Two Sigma Advisers LP boosted its holdings in Allison Transmission by 96.2% during the 4th quarter. Two Sigma Advisers LP now owns 1,514,322 shares of the auto parts company’s stock valued at $65,222,000 after acquiring an additional 742,443 shares during the period. Finally, APG Asset Management N.V. boosted its holdings in Allison Transmission by 67.7% during the 4th quarter. APG Asset Management N.V. now owns 886,900 shares of the auto parts company’s stock valued at $31,811,000 after acquiring an additional 358,100 shares during the period.

A number of analysts have issued reports on ALSN shares. Zacks Investment Research downgraded Allison Transmission from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Bank of America cut Allison Transmission from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $52.00 to $48.00 in a report on Thursday, February 8th. Stifel Nicolaus set a $44.00 price target on Allison Transmission and gave the stock a “hold” rating in a report on Friday, February 9th. William Blair reiterated a “buy” rating on shares of Allison Transmission in a report on Tuesday, February 13th. Finally, Royal Bank of Canada cut Allison Transmission from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $46.00 to $50.00 in a report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $43.82.

COPYRIGHT VIOLATION WARNING: This news story was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2018/04/14/insider-selling-allison-transmission-holdings-inc-alsn-director-sells-30168-shares-of-stock.html.

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)

Receive News & Ratings for Allison Transmission Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply