Insider Selling: Allison Transmission Holdings Inc (ALSN) SVP Sells 19,600 Shares of Stock

Allison Transmission Holdings Inc (NYSE:ALSN) SVP Michael Dick sold 19,600 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $42.47, for a total transaction of $832,412.00. Following the completion of the sale, the senior vice president now directly owns 39,131 shares of the company’s stock, valued at approximately $1,661,893.57. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Michael Dick also recently made the following trade(s):

  • On Tuesday, January 9th, Michael Dick sold 6,565 shares of Allison Transmission stock. The shares were sold at an average price of $45.00, for a total transaction of $295,425.00.
  • On Wednesday, January 3rd, Michael Dick sold 6,565 shares of Allison Transmission stock. The shares were sold at an average price of $44.00, for a total transaction of $288,860.00.
  • On Tuesday, December 12th, Michael Dick sold 4,400 shares of Allison Transmission stock. The shares were sold at an average price of $42.03, for a total transaction of $184,932.00.

Shares of Allison Transmission Holdings Inc (NYSE ALSN) traded up $0.18 during midday trading on Thursday, reaching $44.76. 1,302,269 shares of the company’s stock traded hands, compared to its average volume of 1,337,205. The company has a quick ratio of 1.15, a current ratio of 1.50 and a debt-to-equity ratio of 4.57. Allison Transmission Holdings Inc has a 1-year low of $32.93 and a 1-year high of $45.69. The company has a market cap of $6,320.00, a price-to-earnings ratio of 19.72, a PEG ratio of 1.67 and a beta of 1.21.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Monday, October 30th. The auto parts company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.27. Allison Transmission had a net margin of 16.34% and a return on equity of 45.65%. The business had revenue of $595.00 million during the quarter, compared to analyst estimates of $533.53 million. During the same period in the prior year, the business earned $0.27 EPS. The company’s revenue for the quarter was up 37.1% on a year-over-year basis. research analysts expect that Allison Transmission Holdings Inc will post 2.49 EPS for the current year.

Allison Transmission declared that its Board of Directors has approved a stock buyback program on Wednesday, November 8th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the auto parts company to purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

A number of equities research analysts recently commented on the stock. Bank of America reiterated a “buy” rating on shares of Allison Transmission in a report on Thursday, November 23rd. Piper Jaffray Companies set a $26.00 price target on shares of Allison Transmission and gave the company a “sell” rating in a report on Friday, November 17th. Zacks Investment Research upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Friday, November 3rd. Royal Bank of Canada reiterated a “buy” rating on shares of Allison Transmission in a report on Thursday, November 2nd. Finally, Citigroup upped their price target on shares of Allison Transmission from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $44.18.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Burgundy Asset Management Ltd. increased its stake in shares of Allison Transmission by 6.6% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 5,114,840 shares of the auto parts company’s stock worth $191,960,000 after acquiring an additional 318,821 shares in the last quarter. Standard Life Investments LTD increased its stake in shares of Allison Transmission by 15.9% in the 2nd quarter. Standard Life Investments LTD now owns 3,682,743 shares of the auto parts company’s stock worth $138,158,000 after acquiring an additional 504,518 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Allison Transmission by 0.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,732,598 shares of the auto parts company’s stock worth $102,554,000 after acquiring an additional 10,476 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of Allison Transmission by 11.8% in the 3rd quarter. Schroder Investment Management Group now owns 2,430,400 shares of the auto parts company’s stock worth $90,459,000 after acquiring an additional 255,688 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Allison Transmission by 3.8% in the 3rd quarter. Jennison Associates LLC now owns 1,788,436 shares of the auto parts company’s stock worth $67,120,000 after acquiring an additional 65,743 shares in the last quarter.

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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).

Insider Buying and Selling by Quarter for Allison Transmission (NYSE:ALSN)

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