Allison Transmission Holdings Inc (ALSN) Director James A. Star Sells 640,835 Shares
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 transaction of $28,446,665.65. Following the completion of the transaction, the director now owns 41,450 shares of the company’s stock, valued at $1,839,965.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Allison Transmission Holdings Inc (ALSN) opened at $44.49 on Friday. The company has a debt-to-equity ratio of 4.57, a current ratio of 1.50 and a quick ratio of 1.15. Allison Transmission Holdings Inc has a 12 month low of $32.80 and a 12 month high of $45.69. The company has a market cap of $6,310.00, a price-to-earnings ratio of 19.60, a PEG ratio of 1.69 and a beta of 1.21.
Allison Transmission (NYSE:ALSN) last issued its earnings results on Monday, October 30th. The auto parts company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.27. The business had revenue of $595.00 million for the quarter, compared to analyst estimates of $533.53 million. Allison Transmission had a net margin of 16.34% and a return on equity of 45.65%. Allison Transmission’s revenue was up 37.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 earnings per share. sell-side analysts anticipate that Allison Transmission Holdings Inc will post 2.49 earnings per share for the current year.
Allison Transmission declared that its Board of Directors has initiated a stock buyback program on Wednesday, November 8th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
Several equities analysts have issued reports on ALSN shares. Robert W. Baird restated a “buy” rating and issued a $52.00 price target on shares of Allison Transmission in a research report on Wednesday, November 1st. BidaskClub upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating in a research report on Saturday, October 21st. Citigroup upped their price target on shares of Allison Transmission from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Royal Bank of Canada reaffirmed a “buy” rating on shares of Allison Transmission in a research note on Thursday, November 2nd. Finally, Zacks Investment Research raised shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Friday, November 3rd. Two 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 given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $44.18.
A number of hedge funds and other institutional investors have recently modified their holdings of ALSN. Old Mutual Global Investors UK Ltd. boosted its stake in Allison Transmission by 394.0% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,777,252 shares of the auto parts company’s stock worth $66,700,000 after acquiring an additional 1,417,467 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Allison Transmission by 140.0% during the second quarter. Goldman Sachs Group Inc. now owns 1,030,458 shares of the auto parts company’s stock worth $38,652,000 after acquiring an additional 601,174 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Allison Transmission by 57.2% during the second quarter. Renaissance Technologies LLC now owns 1,543,200 shares of the auto parts company’s stock worth $57,885,000 after acquiring an additional 561,334 shares in the last quarter. APG Asset Management N.V. bought a new position in Allison Transmission during the third quarter worth $19,846,000. Finally, Koch Industries Inc. bought a new position in Allison Transmission during the second quarter worth $506,000.
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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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