Allison Transmission Holdings, Inc. (NYSE:ALSN) SVP Sells $170,450.04 in Stock

Allison Transmission Holdings, Inc. (NYSE:ALSN) SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total value of $170,450.04. Following the completion of the transaction, the senior vice president now directly owns 15,388 shares of the company’s stock, valued at $1,466,938.04. This represents a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Allison Transmission Stock Down 8.5 %

Shares of NYSE:ALSN traded down $8.39 during midday trading on Thursday, reaching $90.52. 1,061,457 shares of the company were exchanged, compared to its average volume of 625,842. The firm has a market cap of $7.71 billion, a PE ratio of 10.89 and a beta of 0.95. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. Allison Transmission Holdings, Inc. has a fifty-two week low of $71.49 and a fifty-two week high of $122.53. The stock has a fifty day simple moving average of $103.81 and a two-hundred day simple moving average of $106.54.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates 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 forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission announced that its board has approved a stock repurchase plan on Thursday, February 20th that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.19%. This is an increase from Allison Transmission’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 3rd. Allison Transmission’s dividend payout ratio (DPR) is currently 13.00%.

Analysts Set New Price Targets

Several research analysts recently weighed in on ALSN shares. Morgan Stanley upped their price objective on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 17th. Citigroup reduced their target price on shares of Allison Transmission from $115.00 to $108.00 and set a “neutral” rating on the stock in a research note on Monday. The Goldman Sachs Group lifted their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 12th. StockNews.com cut shares of Allison Transmission from a “buy” rating to a “hold” rating in a research note on Thursday, March 27th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Allison Transmission from $129.00 to $110.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $101.13.

Hedge Funds Weigh In On Allison Transmission

Several hedge funds and other institutional investors have recently made changes to their positions in ALSN. MassMutual Private Wealth & Trust FSB raised its stake in Allison Transmission by 363.0% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company’s stock valued at $48,000 after buying an additional 392 shares during the period. Wellington Management Group LLP raised its position in shares of Allison Transmission by 11.3% in the fourth quarter. Wellington Management Group LLP now owns 18,456 shares of the auto parts company’s stock valued at $1,994,000 after purchasing an additional 1,871 shares during the period. 111 Capital acquired a new stake in shares of Allison Transmission during the 4th quarter worth about $599,000. Wealth Enhancement Advisory Services LLC boosted its holdings 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. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Allison Transmission in the 4th quarter valued at about $13,550,000. 96.90% of the stock is owned by institutional investors.

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.