Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) SVP John Coll sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $117.73, for a total transaction of $235,460.00. Following the completion of the transaction, the senior vice president now directly owns 8,420 shares in the company, valued at approximately $991,286.60. The trade was a 19.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
John Coll also recently made the following trade(s):
- On Thursday, August 29th, John Coll sold 2,000 shares of Allison Transmission stock. The shares were sold at an average price of $90.98, for a total transaction of $181,960.00.
Allison Transmission Trading Down 1.2 %
ALSN opened at $115.98 on Wednesday. The stock has a market capitalization of $10.05 billion, a P/E ratio of 14.13, a P/E/G ratio of 2.06 and a beta of 0.98. Allison Transmission Holdings, Inc. has a 12 month low of $53.00 and a 12 month high of $121.36. The firm's fifty day simple moving average is $100.78 and its 200 day simple moving average is $87.37. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48.
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Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.26. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The firm had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. During the same period in the previous year, the business earned $1.76 EPS. The company's revenue was up 12.0% compared to the same quarter last year. As a group, research analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current fiscal year.
Allison Transmission Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th will be paid a $0.25 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 0.86%. Allison Transmission's payout ratio is currently 12.18%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on ALSN. Robert W. Baird raised their price objective on shares of Allison Transmission from $103.00 to $108.00 and gave the company a "neutral" rating in a research note on Wednesday, October 30th. Oppenheimer raised their price objective on shares of Allison Transmission from $90.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. StockNews.com raised shares of Allison Transmission from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. lifted their price target on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a "neutral" rating in a research report on Friday, October 11th. Finally, Bank of America lifted their price target on shares of Allison Transmission from $67.00 to $77.00 and gave the stock an "underperform" rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $92.25.
View Our Latest Stock Report on Allison Transmission
Institutional Investors Weigh In On Allison Transmission
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. increased its stake in shares of Allison Transmission by 238.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 16,191 shares of the auto parts company's stock worth $1,229,000 after purchasing an additional 11,401 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Allison Transmission by 25.3% during the 1st quarter. Janus Henderson Group PLC now owns 56,998 shares of the auto parts company's stock worth $4,627,000 after purchasing an additional 11,495 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of Allison Transmission during the 1st quarter worth about $1,664,000. Artemis Investment Management LLP acquired a new position in shares of Allison Transmission during the 2nd quarter worth about $2,252,000. Finally, CWA Asset Management Group LLC acquired a new position in shares of Allison Transmission during the 3rd quarter worth about $947,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.
Allison Transmission Company Profile
(
Get Free Report)
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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