Allison Transmission Holdings, Inc. (NYSE:ALSN) VP Sells $195,889.20 in Stock

Allison Transmission Holdings, Inc. (NYSE:ALSNGet Free Report) VP Ryan A. Milburn sold 2,598 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $75.40, for a total value of $195,889.20. Following the transaction, the vice president now directly owns 14,456 shares in the company, valued at approximately $1,089,982.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Allison Transmission Price Performance

Shares of NYSE ALSN opened at $74.04 on Friday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.94 and a current ratio of 2.49. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 1.42 and a beta of 1.02. Allison Transmission Holdings, Inc. has a fifty-two week low of $41.61 and a fifty-two week high of $77.09. The firm’s 50-day simple moving average is $64.25 and its 200 day simple moving average is $59.49.

Allison Transmission (NYSE:ALSNGet Free Report) last posted its earnings results on Tuesday, February 13th. The auto parts company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.42 by $0.49. Allison Transmission had a net margin of 22.17% and a return on equity of 60.35%. The firm had revenue of $775.00 million for the quarter, compared to analysts’ expectations of $744.00 million. During the same quarter last year, the firm earned $1.52 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, research analysts anticipate that Allison Transmission Holdings, Inc. will post 7.64 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Monday, March 4th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, March 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.35%. This is a boost from Allison Transmission’s previous quarterly dividend of $0.23. Allison Transmission’s dividend payout ratio (DPR) is currently 13.44%.

Institutional Investors Weigh In On Allison Transmission

A number of hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its position in shares of Allison Transmission by 5.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 46,160 shares of the auto parts company’s stock valued at $2,686,000 after purchasing an additional 2,520 shares in the last quarter. Legal & General Group Plc raised its stake in Allison Transmission by 1.7% in the fourth quarter. Legal & General Group Plc now owns 96,103 shares of the auto parts company’s stock worth $5,588,000 after buying an additional 1,598 shares in the last quarter. Barclays PLC grew its holdings in Allison Transmission by 3.4% in the fourth quarter. Barclays PLC now owns 81,664 shares of the auto parts company’s stock worth $4,748,000 after purchasing an additional 2,692 shares during the period. Atlas Capital Advisors LLC grew its holdings in shares of Allison Transmission by 1.8% during the fourth quarter. Atlas Capital Advisors LLC now owns 13,609 shares of the auto parts company’s stock valued at $791,000 after buying an additional 247 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of Allison Transmission by 0.3% during the fourth quarter. Voya Investment Management LLC now owns 159,000 shares of the auto parts company’s stock valued at $9,246,000 after buying an additional 520 shares during the last quarter. Institutional investors own 96.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ALSN. The Goldman Sachs Group boosted their price objective on Allison Transmission from $48.00 to $55.00 and gave the stock a “sell” rating in a report on Thursday, February 15th. Robert W. Baird boosted their price target on Allison Transmission from $63.00 to $68.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 14th. Finally, Morgan Stanley assumed coverage on shares of Allison Transmission in a research report on Monday, January 8th. They set an “equal weight” rating and a $62.00 price objective for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Allison Transmission presently has a consensus rating of “Hold” and an average target price of $61.00.

Check Out Our Latest Analysis on Allison Transmission

Allison Transmission Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Allison Transmission (NYSE:ALSN)

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