Allison Transmission (ALSN) Director Sells $4,472,460.22 in Stock

Allison Transmission (NYSE:ALSN) Director James A. Star sold 108,397 shares of Allison Transmission stock in a transaction that occurred on Friday, April 20th. The stock was sold at an average price of $41.26, for a total value of $4,472,460.22. Following the transaction, the director now directly owns 41,900 shares in the company, valued at approximately $1,728,794. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of ALSN stock opened at $41.40 on Monday. Allison Transmission has a twelve month low of $32.93 and a twelve month high of $45.69. The company has a market capitalization of $5,798.77, a price-to-earnings ratio of 15.56, a P/E/G ratio of 1.19 and a beta of 1.19. The company has a current ratio of 1.52, a quick ratio of 1.15 and a debt-to-equity ratio of 3.68.

How to Become a New Pot Stock Millionaire

Allison Transmission (NYSE:ALSN) last announced its earnings results on Wednesday, February 14th. The auto parts company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.89. Allison Transmission had a return on equity of 60.52% and a net margin of 22.28%. The company had revenue of $588.00 million for the quarter, compared to the consensus estimate of $576.57 million. During the same period last year, the business posted $0.36 EPS. The company’s revenue was up 25.4% on a year-over-year basis. equities analysts expect that Allison Transmission will post 3.49 EPS for the current year.



Several hedge funds have recently made changes to their positions in the business. Burgundy Asset Management Ltd. grew its stake in shares of Allison Transmission by 0.7% in the 4th quarter. Burgundy Asset Management Ltd. now owns 5,149,530 shares of the auto parts company’s stock valued at $221,790,000 after purchasing an additional 34,690 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Allison Transmission by 2.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,065,472 shares of the auto parts company’s stock valued at $132,030,000 after buying an additional 68,837 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Allison Transmission by 44.5% in the fourth quarter. Jennison Associates LLC now owns 2,584,627 shares of the auto parts company’s stock valued at $111,320,000 after buying an additional 796,191 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Allison Transmission by 8.6% in the fourth quarter. TIAA CREF Investment Management LLC now owns 1,671,194 shares of the auto parts company’s stock valued at $71,978,000 after buying an additional 132,129 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in shares of Allison Transmission by 96.2% in the fourth quarter. Two Sigma Advisers LP now owns 1,514,322 shares of the auto parts company’s stock valued at $65,222,000 after buying an additional 742,443 shares in the last quarter.

Several research firms have commented on ALSN. Zacks Investment Research lowered Allison Transmission from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Bank of America lowered Allison Transmission from a “buy” rating to a “neutral” rating and cut their price target for the stock from $52.00 to $48.00 in a research report on Thursday, February 8th. William Blair reaffirmed a “buy” rating on shares of Allison Transmission in a research report on Tuesday, February 13th. Stifel Nicolaus set a $44.00 price target on Allison Transmission and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, JPMorgan Chase lowered Allison Transmission from a “neutral” rating to an “underweight” rating and set a $38.00 price target on the stock. in a research report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued 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 an average target price of $43.80.

ILLEGAL ACTIVITY NOTICE: “Allison Transmission (ALSN) Director Sells $4,472,460.22 in Stock” was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://stocknewstimes.com/2018/04/23/allison-transmission-alsn-director-sells-4472460-22-in-stock.html.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 13 transmission product lines with approximately 100 product models for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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