Allison Transmission Holdings, Inc. (NYSE:ALSN) SVP Sells $150,120.00 in Stock

Allison Transmission Holdings, Inc. (NYSE:ALSN) SVP John Coll sold 2,000 shares of the stock in a transaction on Friday, June 28th. The shares were sold at an average price of $75.06, for a total value of $150,120.00. Following the sale, the senior vice president now directly owns 14,420 shares in the company, valued at approximately $1,082,365.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Allison Transmission Trading Up 0.1 %

NYSE ALSN traded up $0.09 during trading hours on Tuesday, hitting $75.05. 295,208 shares of the company’s stock were exchanged, compared to its average volume of 645,096. The business’s 50 day moving average is $75.17 and its 200-day moving average is $70.96. Allison Transmission Holdings, Inc. has a 12-month low of $50.13 and a 12-month high of $83.42. The firm has a market capitalization of $6.57 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 1.41 and a beta of 1.00. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.95 and a current ratio of 2.51.

Allison Transmission (NYSE:ALSN) last released its earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.01. The firm had revenue of $789.00 million for the quarter, compared to the consensus estimate of $772.37 million. Allison Transmission had a return on equity of 55.83% and a net margin of 21.80%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.85 earnings per share. As a group, analysts anticipate that Allison Transmission Holdings, Inc. will post 7.56 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.33%. Allison Transmission’s dividend payout ratio (DPR) is 13.35%.

Analysts Set New Price Targets

A number of research firms recently commented on ALSN. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 7th. Oppenheimer increased their price objective on Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Citigroup began coverage on Allison Transmission in a research note on Wednesday, June 26th. They set a “neutral” rating and a $80.00 price objective on the stock. The Goldman Sachs Group increased their price objective on Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research note on Tuesday, April 16th. Finally, Raymond James started coverage on Allison Transmission in a research note on Friday. They set an “outperform” rating and a $85.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $75.25.

Hedge Funds Weigh In On Allison Transmission

A number of large investors have recently modified their holdings of ALSN. London Co. of Virginia grew its stake in shares of Allison Transmission by 1.1% in the third quarter. London Co. of Virginia now owns 2,414,094 shares of the auto parts company’s stock valued at $142,576,000 after buying an additional 26,316 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Allison Transmission by 6.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,863,151 shares of the auto parts company’s stock worth $108,345,000 after acquiring an additional 118,648 shares in the last quarter. Norges Bank acquired a new position in shares of Allison Transmission in the 4th quarter worth approximately $56,334,000. Allianz Asset Management GmbH grew its position in shares of Allison Transmission by 7.7% in the 4th quarter. Allianz Asset Management GmbH now owns 941,405 shares of the auto parts company’s stock worth $54,743,000 after acquiring an additional 67,332 shares in the last quarter. Finally, Wasatch Advisors LP grew its position in shares of Allison Transmission by 14.6% in the 4th quarter. Wasatch Advisors LP now owns 885,555 shares of the auto parts company’s stock worth $51,495,000 after acquiring an additional 112,775 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.