Allison Transmission Holdings Inc (ALSN) Director Sells $28,446,665.65 in Stock

Allison Transmission Holdings Inc (NYSE:ALSN) Director James A. Star sold 640,835 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $44.39, for a total value of $28,446,665.65. Following the transaction, the director now owns 41,450 shares of the company’s stock, valued at approximately $1,839,965.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Allison Transmission Holdings Inc (NYSE:ALSN) opened at $44.49 on Monday. The firm has a market capitalization of $6,310.00, a price-to-earnings ratio of 19.60, a P/E/G ratio of 1.67 and a beta of 1.21. Allison Transmission Holdings Inc has a 12 month low of $32.80 and a 12 month high of $45.69. The company has a quick ratio of 1.15, a current ratio of 1.50 and a debt-to-equity ratio of 4.57.

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

Allison Transmission announced that its board has approved a share repurchase program on Wednesday, November 8th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the auto parts company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Burgundy Asset Management Ltd. grew its stake in shares of 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 acquiring an additional 318,821 shares during the last quarter. Standard Life Investments LTD grew its stake in shares of Allison Transmission by 15.9% in the second quarter. Standard Life Investments LTD now owns 3,682,743 shares of the auto parts company’s stock worth $138,158,000 after acquiring an additional 504,518 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of 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 acquiring an additional 10,476 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Allison Transmission by 11.8% in the third quarter. Schroder Investment Management Group now owns 2,430,400 shares of the auto parts company’s stock worth $90,459,000 after acquiring an additional 255,688 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Allison Transmission by 3.8% in the third quarter. Jennison Associates LLC now owns 1,788,436 shares of the auto parts company’s stock worth $67,120,000 after acquiring an additional 65,743 shares during the last quarter.

A number of equities analysts recently commented on ALSN shares. Citigroup upped their target price on Allison Transmission from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Robert W. Baird restated a “buy” rating and set a $52.00 target price on shares of Allison Transmission in a report on Wednesday, November 1st. BidaskClub upgraded Allison Transmission from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. Royal Bank of Canada restated a “buy” rating on shares of Allison Transmission in a report on Thursday, November 2nd. Finally, Zacks Investment Research raised Allison Transmission from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average 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).

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