John Coll Sells 2,000 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) Stock

Allison Transmission Holdings, Inc. (NYSE:ALSN) SVP John Coll sold 2,000 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $90.98, for a total transaction of $181,960.00. Following the sale, the senior vice president now directly owns 12,420 shares in the company, valued at approximately $1,129,971.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

John Coll also recently made the following trade(s):

• On Friday, June 28th, John Coll sold 2,000 shares of Allison Transmission stock. The stock was sold at an average price of $75.06, for a total transaction of $150,120.00.

Allison Transmission Trading Down 4.0 %

ALSN opened at $89.08 on Wednesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78. Allison Transmission Holdings, Inc. has a one year low of $50.13 and a one year high of $92.82. The company has a market cap of $7.79 billion, a P/E ratio of 11.89, a PEG ratio of 1.66 and a beta of 0.99. The business’s 50-day simple moving average is $83.43 and its 200-day simple moving average is $78.93.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Thursday, July 25th. The auto parts company reported $2.13 EPS for the quarter, beating the consensus estimate of $2.04 by $0.09. The company had revenue of $816.00 million for the quarter, compared to analyst estimates of $799.44 million. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.92 earnings per share. As a group, equities research analysts expect that Allison Transmission Holdings, Inc. will post 7.89 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were given a $0.25 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a yield of 1.12%. Allison Transmission’s dividend payout ratio (DPR) is presently 13.35%.

Hedge Funds Weigh In On Allison Transmission

Several hedge funds have recently made changes to their positions in ALSN. Norges Bank acquired a new stake in shares of Allison Transmission in the 4th quarter valued at about $56,334,000. Vision One Management Partners LP acquired a new stake in shares of Allison Transmission in the fourth quarter valued at approximately $17,848,000. Prevatt Capital Ltd purchased a new position in shares of Allison Transmission during the fourth quarter worth approximately $14,538,000. Thompson Siegel & Walmsley LLC increased its holdings in shares of Allison Transmission by 257.8% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company’s stock valued at $24,245,000 after acquiring an additional 230,152 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in Allison Transmission by 108.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 259,311 shares of the auto parts company’s stock valued at $21,046,000 after purchasing an additional 135,194 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

ALSN has been the subject of several research reports. StockNews.com downgraded shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Monday. Citigroup initiated coverage on Allison Transmission in a report on Wednesday, June 26th. They set a “neutral” rating and a $80.00 price target on the stock. The Goldman Sachs Group lifted their price objective on Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research note on Monday, July 29th. Raymond James assumed coverage on shares of Allison Transmission in a research note on Friday, June 28th. They set an “outperform” rating and a $85.00 target price on the stock. Finally, Robert W. Baird lifted their price target on shares of Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Allison Transmission currently has a consensus rating of “Hold” and a consensus price target of $79.57.

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.