Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) SVP John Coll sold 1,788 shares of Allison Transmission stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $95.33, for a total value of $170,450.04. Following the completion of the transaction, the senior vice president now directly owns 15,388 shares in the company, valued at $1,466,938.04. This represents a 10.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Allison Transmission Trading Down 8.5 %
Allison Transmission stock opened at $90.52 on Friday. Allison Transmission Holdings, Inc. has a 52-week low of $71.49 and a 52-week high of $122.53. The company has a quick ratio of 2.42, a current ratio of 3.04 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 10.89 and a beta of 0.95. The firm has a 50-day moving average price of $103.21 and a two-hundred day moving average price of $106.43.
Allison Transmission (NYSE:ALSN - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.11. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. Sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.
Allison Transmission Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.08 annualized dividend and a dividend yield of 1.19%. This is a boost from Allison Transmission's previous quarterly dividend of $0.25. Allison Transmission's payout ratio is currently 13.00%.
Allison Transmission announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 20th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the auto parts company to repurchase up to 57.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.
Analyst Ratings Changes
ALSN has been the subject of several research reports. The Goldman Sachs Group boosted their price objective on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a "sell" rating in a research note on Thursday, December 12th. Citigroup decreased their price target on shares of Allison Transmission from $115.00 to $108.00 and set a "neutral" rating for the company in a research report on Monday. Morgan Stanley increased their price target on Allison Transmission from $110.00 to $112.00 and gave the company an "equal weight" rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. reduced their price objective on Allison Transmission from $129.00 to $110.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 18th. Finally, StockNews.com lowered Allison Transmission from a "buy" rating to a "hold" rating in a research note on Thursday, March 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $101.13.
Get Our Latest Research Report on Allison Transmission
Institutional Trading of Allison Transmission
A number of hedge funds have recently modified their holdings of ALSN. Smith Group Asset Management LLC acquired a new position in Allison Transmission during the fourth quarter valued at $2,161,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Allison Transmission by 18.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 293,753 shares of the auto parts company's stock valued at $31,643,000 after purchasing an additional 46,435 shares during the period. Teacher Retirement System of Texas lifted its position in shares of Allison Transmission by 14.5% in the fourth quarter. Teacher Retirement System of Texas now owns 53,014 shares of the auto parts company's stock worth $5,729,000 after purchasing an additional 6,728 shares in the last quarter. Convergence Investment Partners LLC boosted its holdings in shares of Allison Transmission by 115.6% during the fourth quarter. Convergence Investment Partners LLC now owns 13,950 shares of the auto parts company's stock worth $1,507,000 after purchasing an additional 7,479 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of Allison Transmission by 46.8% during the third quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company's stock worth $24,955,000 after purchasing an additional 79,745 shares during the period. Hedge funds and other institutional investors own 96.90% of the company's stock.
About Allison Transmission
(
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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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