Allison Transmission Holdings, Inc. (NYSE:ALSN) SVP John Coll Sells 2,000 Shares

Allison Transmission Holdings, Inc. (NYSE:ALSN) SVP John Coll sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $75.06, for a total value of $150,120.00. Following the completion of the transaction, the senior vice president now directly owns 14,420 shares of the company’s stock, valued at $1,082,365.20. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Allison Transmission Stock Up 0.1 %

ALSN stock opened at $75.00 on Wednesday. The company has a 50 day moving average price of $75.08 and a two-hundred day moving average price of $71.07. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.95 and a current ratio of 2.51. The stock has a market capitalization of $6.56 billion, a P/E ratio of 10.01, a PEG ratio of 1.41 and a beta of 1.00. Allison Transmission Holdings, Inc. has a one year low of $50.13 and a one year high of $83.42.

Allison Transmission (NYSE:ALSN) last released its earnings results on Thursday, April 25th. The auto parts company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.89 by $0.01. Allison Transmission had a return on equity of 55.83% and a net margin of 21.80%. The firm had revenue of $789.00 million during the quarter, compared to analyst estimates of $772.37 million. During the same period in the prior year, the firm posted $1.85 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 7.56 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, May 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.33%. Allison Transmission’s payout ratio is currently 13.35%.

Analyst Upgrades and Downgrades

ALSN has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their price target on Allison Transmission from $55.00 to $63.00 and gave the company a “sell” rating in a research report on Tuesday, April 16th. Raymond James initiated coverage on shares of Allison Transmission in a research report on Friday, June 28th. They set an “outperform” rating and a $85.00 target price for the company. JPMorgan Chase & Co. increased their price target on shares of Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. Citigroup initiated coverage on Allison Transmission in a research report on Wednesday, June 26th. They set a “neutral” rating and a $80.00 price objective for the company. Finally, Oppenheimer increased their target price on Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. One 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $75.25.

Institutional Investors Weigh In On Allison Transmission

Institutional investors have recently bought and sold shares of the stock. Legacy Financial Advisors Inc. raised its stake in Allison Transmission by 2.7% during the fourth quarter. Legacy Financial Advisors Inc. now owns 6,813 shares of the auto parts company’s stock worth $396,000 after purchasing an additional 180 shares during the period. Quent Capital LLC raised its position in shares of Allison Transmission by 42.3% in the 4th quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock worth $41,000 after buying an additional 210 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Allison Transmission by 20.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company’s stock worth $71,000 after buying an additional 212 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in Allison Transmission by 4.9% in the first quarter. Oppenheimer & Co. Inc. now owns 5,512 shares of the auto parts company’s stock valued at $447,000 after acquiring an additional 255 shares during the last quarter. Finally, Hohimer Wealth Management LLC grew its position in Allison Transmission by 1.5% during the fourth quarter. Hohimer Wealth Management LLC now owns 20,535 shares of the auto parts company’s stock valued at $1,194,000 after acquiring an additional 311 shares during the period. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

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.