Insider Selling: Allison Transmission Holdings Inc (ALSN) SVP Sells $832,412.00 in Stock

Allison Transmission Holdings Inc (NYSE:ALSN) SVP Michael Dick sold 19,600 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $42.47, for a total value of $832,412.00. Following the completion of the sale, the senior vice president now directly owns 39,131 shares of the company’s stock, valued at approximately $1,661,893.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Michael Dick also recently made the following trade(s):

  • On Tuesday, December 12th, Michael Dick sold 4,400 shares of Allison Transmission stock. The shares were sold at an average price of $42.03, for a total value of $184,932.00.

Allison Transmission Holdings Inc (NYSE:ALSN) opened at $43.01 on Friday. The stock has a market capitalization of $6,109.89, a P/E ratio of 19.07, a P/E/G ratio of 1.73 and a beta of 1.22. The company has a current ratio of 1.50, a quick ratio of 1.15 and a debt-to-equity ratio of 4.57. Allison Transmission Holdings Inc has a 1 year low of $32.80 and a 1 year high of $45.69.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Monday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.27. Allison Transmission had a return on equity of 45.65% and a net margin of 16.34%. The company had revenue of $595.00 million for the quarter, compared to analysts’ expectations of $533.53 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. Allison Transmission’s quarterly revenue was up 37.1% on a year-over-year basis. research analysts forecast that Allison Transmission Holdings Inc will post 2.49 EPS for the current year.

Allison Transmission declared that its board has authorized a stock buyback program on Wednesday, November 8th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the auto parts company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Monday, November 20th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.60 annualized dividend and a yield of 1.40%. Allison Transmission’s dividend payout ratio is currently 26.55%.

A number of hedge funds have recently bought and sold shares of the business. Atlantic Trust Group LLC purchased a new position in Allison Transmission in the third quarter worth $1,192,000. Burgundy Asset Management Ltd. boosted its position in Allison Transmission by 6.6% in the third quarter. Burgundy Asset Management Ltd. now owns 5,114,840 shares of the auto parts company’s stock worth $191,960,000 after purchasing an additional 318,821 shares during the last quarter. Algert Global LLC boosted its position in Allison Transmission by 14.2% in the third quarter. Algert Global LLC now owns 67,346 shares of the auto parts company’s stock worth $2,527,000 after purchasing an additional 8,352 shares during the last quarter. Neuberger Berman Group LLC boosted its position in Allison Transmission by 0.4% in the third quarter. Neuberger Berman Group LLC now owns 2,732,598 shares of the auto parts company’s stock worth $102,554,000 after purchasing an additional 10,476 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in Allison Transmission by 5.3% in the third quarter. California Public Employees Retirement System now owns 433,842 shares of the auto parts company’s stock worth $16,282,000 after purchasing an additional 21,642 shares during the last quarter.

A number of brokerages have commented on ALSN. Buckingham Research began coverage on Allison Transmission in a research note on Tuesday, September 5th. They issued a “neutral” rating and a $36.00 price objective for the company. ValuEngine raised Allison Transmission from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Robert W. Baird reaffirmed a “buy” rating and set a $52.00 target price on shares of Allison Transmission in a research report on Wednesday, November 1st. Piper Jaffray Companies reaffirmed an “underweight” rating and set a $25.00 target price (down previously from $31.00) on shares of Allison Transmission in a research report on Wednesday, August 30th. Finally, BidaskClub raised Allison Transmission from a “hold” rating to a “buy” rating in a research report on Saturday, October 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $44.18.

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Allison Transmission Company Profile

Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).

Insider Buying and Selling by Quarter for Allison Transmission (NYSE:ALSN)

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