Allison Transmission Holdings, Inc. (NYSE:ALSN) VP Sells $436,053.80 in Stock

Allison Transmission Holdings, Inc. (NYSE:ALSN) VP Ryan A. Milburn sold 7,372 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $59.15, for a total value of $436,053.80. Following the transaction, the vice president now owns 13,827 shares in the company, valued at approximately $817,867.05. The sale was disclosed in a document filed with the SEC, which is available through this link.

Allison Transmission Stock Up 0.9 %

Shares of ALSN opened at $60.97 on Friday. Allison Transmission Holdings, Inc. has a 52-week low of $32.63 and a 52-week high of $61.40. The company has a market capitalization of $5.46 billion, a PE ratio of 9.05, a price-to-earnings-growth ratio of 1.22 and a beta of 1.01. The stock has a fifty day simple moving average of $58.30 and a two-hundred day simple moving average of $51.37. The company has a quick ratio of 1.59, a current ratio of 2.15 and a debt-to-equity ratio of 2.37.

Allison Transmission (NYSE:ALSN) last issued its earnings results on Thursday, July 27th. The auto parts company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.31. Allison Transmission had a return on equity of 67.93% and a net margin of 21.17%. The business had revenue of $783.00 million during the quarter, compared to the consensus estimate of $735.95 million. During the same period last year, the company earned $1.26 EPS. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. As a group, equities analysts forecast that Allison Transmission Holdings, Inc. will post 6.93 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Monday, August 14th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Friday, August 11th. Allison Transmission’s dividend payout ratio (DPR) is presently 13.65%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. StockNews.com assumed coverage on Allison Transmission in a research report on Thursday, August 17th. They set a “strong-buy” rating on the stock. Citigroup increased their target price on Allison Transmission from $62.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, August 1st. Credit Suisse Group raised their price objective on Allison Transmission from $49.00 to $57.00 in a report on Monday, July 31st. The Goldman Sachs Group raised their price objective on Allison Transmission from $42.00 to $48.00 and gave the company a “sell” rating in a report on Monday, July 31st. Finally, Oppenheimer raised their price objective on Allison Transmission from $53.00 to $67.00 in a report on Friday, July 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $52.86.

Institutional Trading of Allison Transmission

A number of hedge funds and other institutional investors have recently modified their holdings of ALSN. AMI Investment Management Inc. increased its position in shares of Allison Transmission by 7.1% during the 1st quarter. AMI Investment Management Inc. now owns 97,189 shares of the auto parts company’s stock worth $3,816,000 after purchasing an additional 6,438 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Allison Transmission by 5.1% during the 1st quarter. JPMorgan Chase & Co. now owns 334,703 shares of the auto parts company’s stock worth $13,140,000 after purchasing an additional 16,209 shares during the last quarter. Raymond James & Associates increased its position in shares of Allison Transmission by 267.3% during the 1st quarter. Raymond James & Associates now owns 33,711 shares of the auto parts company’s stock worth $1,323,000 after purchasing an additional 24,534 shares during the last quarter. Citigroup Inc. increased its position in shares of Allison Transmission by 1.5% during the 1st quarter. Citigroup Inc. now owns 74,855 shares of the auto parts company’s stock worth $2,938,000 after purchasing an additional 1,127 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Allison Transmission by 31.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 13,096 shares of the auto parts company’s stock worth $514,000 after purchasing an additional 3,142 shares during the last quarter. 96.57% of the stock is owned by institutional investors and hedge funds.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical U.S. defense vehicles worldwide. The company offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.