Insider Selling: Allison Transmission Holdings, Inc. (NYSE:ALSN) SVP Sells 1,788 Shares of Stock

Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) SVP John Coll sold 1,788 shares of the company's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total transaction of $170,450.04. Following the completion of the transaction, the senior vice president now owns 15,388 shares of the company's stock, valued at $1,466,938.04. This trade represents a 10.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Allison Transmission Price Performance

ALSN traded down $0.85 on Tuesday, hitting $83.82. 1,230,926 shares of the company's stock traded hands, compared to its average volume of 633,077. The company's 50 day simple moving average is $101.92 and its 200-day simple moving average is $106.62. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. Allison Transmission Holdings, Inc. has a one year low of $71.49 and a one year high of $122.53. The firm has a market cap of $7.14 billion, a price-to-earnings ratio of 10.09 and a beta of 0.95.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, beating analysts' consensus estimates of $1.90 by $0.11. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. As a group, research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Remove Ads

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.27 per share. This is an increase from Allison Transmission's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.29%. The ex-dividend date was Monday, March 3rd. Allison Transmission's dividend payout ratio (DPR) is presently 13.00%.

Allison Transmission announced that its Board of Directors has authorized a share repurchase program on Thursday, February 20th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the auto parts company to repurchase up to 57.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Allison Transmission

A number of large investors have recently added to or reduced their stakes in the company. Transce3nd LLC purchased a new stake in shares of Allison Transmission during the fourth quarter valued at $25,000. SRH Advisors LLC purchased a new position in Allison Transmission in the 4th quarter valued at $26,000. Kestra Investment Management LLC acquired a new position in shares of Allison Transmission during the 4th quarter worth approximately $30,000. Vermillion Wealth Management Inc. acquired a new stake in Allison Transmission during the fourth quarter worth about $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Allison Transmission in the fourth quarter valued at $31,000. 96.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. StockNews.com lowered shares of Allison Transmission from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Morgan Stanley upped their target price on shares of Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a report on Tuesday, December 17th. Citigroup dropped their price target on shares of Allison Transmission from $108.00 to $95.00 and set a "neutral" rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. reduced their price objective on Allison Transmission from $129.00 to $110.00 and set a "neutral" rating for the company in a research note on Tuesday, March 18th. Finally, The Goldman Sachs Group lifted their target price on Allison Transmission from $82.00 to $94.00 and gave the company a "sell" rating in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $99.50.

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.