Insider Selling: Allison Transmission Holdings, Inc. (NYSE:ALSN) VP Sells $174,100.00 in Stock

by · The Cerbat Gem

Allison Transmission Holdings, Inc. (NYSE:ALSN – Get Free Report) VP Thomas Eifert sold 1,741 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the transaction, the vice president now directly owns 9,601 shares of the company’s stock, valued at approximately $960,100. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Thomas Eifert also recently made the following trade(s):

  • On Thursday, September 26th, Thomas Eifert sold 2,000 shares of Allison Transmission stock. The stock was sold at an average price of $95.00, for a total value of $190,000.00.

Allison Transmission Stock Performance

Shares of ALSN stock opened at $98.18 on Friday. Allison Transmission Holdings, Inc. has a 52-week low of $50.13 and a 52-week high of $100.73. The company has a quick ratio of 2.19, a current ratio of 2.78 and a debt-to-equity ratio of 1.62. The stock has a market cap of $8.59 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 1.64 and a beta of 0.99. The business has a 50-day simple moving average of $89.94 and a 200-day simple moving average of $82.11.

Allison Transmission (NYSE:ALSN – Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.09. Allison Transmission had a net margin of 21.95% and a return on equity of 52.18%. The business had revenue of $816.00 million for the quarter, compared to analysts’ expectations of $799.44 million. During the same quarter last year, the company earned $1.92 EPS. The business’s revenue was up 4.2% on a year-over-year basis. On average, equities analysts expect that Allison Transmission Holdings, Inc. will post 7.85 EPS for the current year.

Allison Transmission Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.02%. Allison Transmission’s dividend payout ratio (DPR) is currently 13.35%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ALSN shares. Citigroup lifted their target price on Allison Transmission from $97.00 to $109.00 and gave the stock a “neutral” rating in a report on Wednesday. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday. Robert W. Baird increased their target price on Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. The Goldman Sachs Group boosted their target price on shares of Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research note on Monday, July 29th. Finally, Raymond James assumed coverage on shares of Allison Transmission in a research report on Friday, June 28th. They set an “outperform” rating and a $85.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $83.71.

Check Out Our Latest Stock Report on ALSN

Institutional Investors Weigh In On Allison Transmission

Institutional investors have recently modified their holdings of the business. Ritholtz Wealth Management raised its holdings in Allison Transmission by 8.0% in the 3rd quarter. Ritholtz Wealth Management now owns 19,418 shares of the auto parts company’s stock worth $1,866,000 after purchasing an additional 1,433 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Allison Transmission by 24.7% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 35,300 shares of the auto parts company’s stock worth $3,391,000 after buying an additional 7,000 shares during the period. CWM LLC lifted its position in shares of Allison Transmission by 77.3% during the 3rd quarter. CWM LLC now owns 10,651 shares of the auto parts company’s stock valued at $1,023,000 after buying an additional 4,642 shares in the last quarter. Artemis Investment Management LLP grew its stake in Allison Transmission by 61.4% in the 3rd quarter. Artemis Investment Management LLP now owns 47,894 shares of the auto parts company’s stock valued at $4,601,000 after acquiring an additional 18,221 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Allison Transmission by 152.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,033 shares of the auto parts company’s stock worth $99,000 after acquiring an additional 624 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Allison Transmission Company Profile

(Get Free Report)

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.

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