Allison Transmission Holdings Inc (NYSE:ALSN) insider David S. Graziosi sold 58,800 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $42.51, for a total transaction of $2,499,588.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

David S. Graziosi also recently made the following trade(s):

  • On Tuesday, December 12th, David S. Graziosi sold 1,800 shares of Allison Transmission stock. The shares were sold at an average price of $42.04, for a total transaction of $75,672.00.

Shares of Allison Transmission Holdings Inc (NYSE:ALSN) opened at $42.66 on Wednesday. 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. The firm has a market cap of $5,938.36, a P/E ratio of 18.53, a price-to-earnings-growth ratio of 1.68 and a beta of 1.22.

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

Allison Transmission announced that its board has authorized a share repurchase 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 buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Monday, November 20th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.60 dividend on an annualized basis and a yield of 1.41%. Allison Transmission’s payout ratio is currently 26.55%.

Several brokerages recently weighed in on ALSN. BidaskClub cut shares of Allison Transmission from a “hold” rating to a “sell” rating in a report on Friday, September 8th. Deutsche Bank set a $37.00 target price on shares of Allison Transmission and gave the company a “sell” rating in a report on Wednesday, November 1st. Bank of America set a $52.00 target price on shares of Allison Transmission and gave the company a “buy” rating in a report on Tuesday, November 14th. Piper Jaffray Companies set a $31.00 target price on shares of Allison Transmission and gave the company a “sell” rating in a report on Thursday, August 24th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $52.00 target price on shares of Allison Transmission in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $44.18.

A number of hedge funds have recently added to or reduced their stakes in ALSN. Group One Trading L.P. acquired a new stake in Allison Transmission during the third quarter worth approximately $105,000. Tower Research Capital LLC TRC raised its holdings in Allison Transmission by 7,314.3% during the second quarter. Tower Research Capital LLC TRC now owns 5,190 shares of the auto parts company’s stock worth $195,000 after purchasing an additional 5,120 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Allison Transmission by 12.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock valued at $201,000 after acquiring an additional 607 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Allison Transmission in the 3rd quarter valued at $203,000. Finally, Menta Capital LLC acquired a new position in shares of Allison Transmission in the 2nd quarter valued at $206,000.

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About Allison Transmission

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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