Allison Transmission Holdings, Inc. (NYSE:ALSN – Get Free Report) VP Thomas Eifert sold 1,741 shares of the company’s 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 sale, the vice president now directly owns 9,601 shares of the company’s stock, valued at approximately $960,100. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
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 Down 1.1 %
Shares of ALSN opened at $98.18 on Friday. The stock has a market capitalization of $8.59 billion, a PE ratio of 13.11, a P/E/G ratio of 1.64 and a beta of 0.99. Allison Transmission Holdings, Inc. has a 1 year low of $50.13 and a 1 year high of $100.73. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.19 and a current ratio of 2.78. The company’s 50-day simple moving average is $89.94 and its 200-day simple moving average is $82.11.
Allison Transmission Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Monday, August 19th. Allison Transmission’s dividend payout ratio is presently 13.35%.
Institutional Trading of Allison Transmission
Hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in shares of Allison Transmission in the 1st quarter valued at approximately $1,229,000. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Allison Transmission in the first quarter valued at $1,342,000. Susquehanna Fundamental Investments LLC purchased a new stake in Allison Transmission during the 1st quarter worth about $1,120,000. State Board of Administration of Florida Retirement System boosted its position in shares of Allison Transmission by 11.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 99,254 shares of the auto parts company’s stock worth $8,055,000 after acquiring an additional 10,196 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Allison Transmission by 238.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 16,191 shares of the auto parts company’s stock valued at $1,229,000 after acquiring an additional 11,401 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. The Goldman Sachs Group lifted their price objective on Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a research report on Monday, July 29th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday. Raymond James started coverage on shares of Allison Transmission in a report on Friday, June 28th. They issued an “outperform” rating and a $85.00 price objective for the company. Robert W. Baird lifted their target price on shares of Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Finally, Citigroup lifted their target price on Allison Transmission from $97.00 to $109.00 and gave the company a “neutral” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Allison Transmission currently has an average rating of “Hold” and a consensus target price of $83.71.
Read Our Latest Stock Analysis on ALSN
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.
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