Insider Selling: Allison Transmission Holdings, Inc. (NYSE:ALSN) VP Sells 4,546 Shares of Stock

Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) VP Ryan A. Milburn sold 4,546 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total value of $437,325.20. Following the completion of the sale, the vice president now directly owns 14,138 shares of the company's stock, valued at $1,360,075.60. This represents a 24.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Allison Transmission Trading Down 2.6 %

ALSN traded down $2.52 during midday trading on Friday, reaching $96.38. 3,525,355 shares of the company were exchanged, compared to its average volume of 596,436. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. Allison Transmission Holdings, Inc. has a one year low of $71.49 and a one year high of $122.53. The stock has a market capitalization of $8.24 billion, a P/E ratio of 11.60 and a beta of 1.02. The stock's 50-day simple moving average is $106.89 and its 200 day simple moving average is $105.79.

Allison Transmission (NYSE:ALSN - Get Free Report) last issued its earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, topping 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, analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

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Allison Transmission declared that its Board of Directors has initiated a stock buyback plan on Thursday, February 20th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the auto parts company to repurchase up to 57.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Allison Transmission Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Allison Transmission's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.12%. Allison Transmission's payout ratio is currently 13.00%.

Hedge Funds Weigh In On Allison Transmission

Several institutional investors and hedge funds have recently modified their holdings of ALSN. FMR LLC boosted its position in Allison Transmission by 24.3% during the 3rd quarter. FMR LLC now owns 12,745,697 shares of the auto parts company's stock worth $1,224,479,000 after acquiring an additional 2,493,310 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in Allison Transmission by 301.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company's stock worth $257,046,000 after acquiring an additional 1,785,687 shares during the last quarter. Norges Bank acquired a new position in Allison Transmission during the 4th quarter worth approximately $108,916,000. Jennison Associates LLC acquired a new position in Allison Transmission during the 3rd quarter worth approximately $52,156,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in Allison Transmission by 4,877.2% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 444,518 shares of the auto parts company's stock worth $48,035,000 after acquiring an additional 435,587 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALSN has been the subject of several research reports. StockNews.com cut Allison Transmission from a "strong-buy" rating to a "buy" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. reduced their target price on Allison Transmission from $129.00 to $110.00 and set a "neutral" rating for the company in a research report on Tuesday. Citigroup reduced their target price on Allison Transmission from $120.00 to $115.00 and set a "neutral" rating for the company in a research report on Wednesday, February 12th. The Goldman Sachs Group raised their target price on Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a research report on Thursday, December 12th. Finally, Morgan Stanley raised their target price on Allison Transmission from $110.00 to $112.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 17th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued 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 $102.00.

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.