Ryan A. Milburn Sells 4,546 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) Stock

Allison Transmission Holdings, Inc. (NYSE:ALSN) VP Ryan A. Milburn sold 4,546 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the transaction, the vice president now owns 14,138 shares in the company, valued at approximately $1,360,075.60. This trade represents a 24.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Allison Transmission Stock Up 1.7 %

Allison Transmission stock opened at $99.17 on Thursday. The business’s 50-day moving average price is $107.37 and its 200 day moving average price is $105.81. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 11.93 and a beta of 1.02. Allison Transmission Holdings, Inc. has a 52 week low of $71.49 and a 52 week high of $122.53.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission announced that its board has initiated a stock repurchase program on Thursday, February 20th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the auto parts company to purchase up to 57.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Allison Transmission Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were issued a $0.27 dividend. This is a boost from Allison Transmission’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 1.09%. Allison Transmission’s payout ratio is presently 13.00%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ALSN shares. JPMorgan Chase & Co. cut their price target on shares of Allison Transmission from $129.00 to $110.00 and set a “neutral” rating on the stock in a research note on Tuesday. The Goldman Sachs Group upped their target price on Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a research report on Thursday, December 12th. StockNews.com cut Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 13th. Morgan Stanley increased their price objective on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Finally, Citigroup decreased their target price on Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a report on Wednesday, February 12th. Two equities 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $102.00.

Institutional Investors Weigh In On Allison Transmission

A number of institutional investors have recently modified their holdings of ALSN. 111 Capital purchased a new position in Allison Transmission during the fourth quarter worth approximately $599,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Allison Transmission by 12.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 17,101 shares of the auto parts company’s stock worth $1,848,000 after buying an additional 1,831 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Allison Transmission during the 4th quarter valued at approximately $13,550,000. Jefferies Financial Group Inc. acquired a new stake in Allison Transmission in the 4th quarter valued at $901,000. Finally, Vermillion Wealth Management Inc. purchased a new stake in Allison Transmission in the 4th quarter worth $31,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

About Allison Transmission

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.