Insider Selling: Allison Transmission Holdings, Inc. (NYSE:ALSN) SVP Sells 2,000 Shares of 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 completion of the sale, the senior vice president now owns 14,420 shares in the company, valued at $1,082,365.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Allison Transmission Stock Up 1.3 %

ALSN opened at $75.97 on Thursday. The business’s 50-day simple moving average is $75.00 and its 200-day simple moving average is $71.10. 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 Holdings, Inc. has a one year low of $50.13 and a one year high of $83.42. The stock has a market capitalization of $6.65 billion, a P/E ratio of 10.14, a price-to-earnings-growth ratio of 1.41 and a beta of 1.00.

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

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Friday, May 17th. Allison Transmission’s dividend payout ratio (DPR) is currently 13.35%.

Analysts Set New Price Targets

Several analysts have recently issued reports on ALSN shares. 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. Citigroup initiated coverage on Allison Transmission in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price target on the stock. Robert W. Baird raised their price target on Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. raised their price target on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Finally, StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 7th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $75.25.

Institutional Trading of Allison Transmission

Hedge funds and other institutional investors have recently made changes to their positions in the company. SRS Capital Advisors Inc. grew its holdings in shares of Allison Transmission by 256.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock worth $34,000 after buying an additional 426 shares during the last quarter. Quent Capital LLC increased its position in Allison Transmission by 42.3% in the 4th quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock valued at $41,000 after acquiring an additional 210 shares during the period. TFO Wealth Partners LLC increased its position in Allison Transmission by 8,975.0% in the 4th quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock valued at $42,000 after acquiring an additional 718 shares during the period. Headlands Technologies LLC increased its position in Allison Transmission by 237.4% in the 4th quarter. Headlands Technologies LLC now owns 1,110 shares of the auto parts company’s stock valued at $65,000 after acquiring an additional 781 shares during the period. Finally, Parkside Financial Bank & Trust increased its position in Allison Transmission by 20.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company’s stock valued at $71,000 after acquiring an additional 212 shares during the period. Institutional investors and hedge funds own 96.90% of the company’s stock.

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.