Insider Selling: Allison Transmission Holdings, Inc. (NYSE:ALSN) SVP Sells 2,000 Shares of Stock

Allison Transmission Holdings, Inc. (NYSE:ALSN) SVP John Coll sold 2,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $117.73, for a total value 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. This represents a 19.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 value of $181,960.00.

Allison Transmission Stock Performance

NYSE:ALSN opened at $115.30 on Thursday. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. The company has a market cap of $9.99 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 2.06 and a beta of 0.98. Allison Transmission Holdings, Inc. has a 1 year low of $53.00 and a 1 year high of $121.36. The stock’s 50 day simple moving average is $101.37 and its two-hundred day simple moving average is $87.67.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The company had revenue of $824.00 million for the quarter, compared to the consensus estimate of $790.08 million. During the same quarter in the prior year, the firm earned $1.76 earnings per share. Allison Transmission’s revenue was up 12.0% on a year-over-year basis. As a group, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 18th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 0.87%. Allison Transmission’s dividend payout ratio is currently 12.18%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ALSN shares. The Goldman Sachs Group increased their price objective on shares of Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research note on Friday, November 1st. Bank of America raised their price target on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a report on Wednesday, October 30th. Oppenheimer upped their price objective on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Citigroup increased their target price on Allison Transmission from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Allison Transmission presently has an average rating of “Hold” and an average target price of $94.25.

Institutional Investors Weigh In On Allison Transmission

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in Allison Transmission by 24.3% during the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock worth $1,224,479,000 after buying an additional 2,493,310 shares during the period. Jennison Associates LLC purchased a new position in Allison Transmission during the 3rd quarter valued at $52,156,000. Loomis Sayles & Co. L P grew its position in Allison Transmission by 252.5% in the 3rd quarter. Loomis Sayles & Co. L P now owns 593,044 shares of the auto parts company’s stock valued at $56,974,000 after acquiring an additional 424,813 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Allison Transmission by 34.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock worth $87,896,000 after purchasing an additional 233,214 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its stake in Allison Transmission by 257.8% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company’s stock worth $24,245,000 after acquiring an additional 230,152 shares in the last quarter. 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.