Allison Transmission Holdings, Inc. (NYSE:ALSN) SVP John Coll Sells 1,788 Shares

Allison Transmission Holdings, Inc. (NYSE:ALSN) 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 owns 15,388 shares in the company, valued at approximately $1,466,938.04. This represents a 10.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Allison Transmission Price Performance

Allison Transmission stock opened at $86.01 on Friday. The firm has a market cap of $7.33 billion, a P/E ratio of 10.35 and a beta of 0.95. Allison Transmission Holdings, Inc. has a one year low of $71.49 and a one year high of $122.53. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. The stock’s 50 day moving average is $102.54 and its 200 day moving average is $106.54.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.11. Allison Transmission had a return on equity of 47.95% and a net margin of 22.67%. As a group, research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Monday, March 3rd were paid a $0.27 dividend. This is an increase from Allison Transmission’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend was Monday, March 3rd. Allison Transmission’s payout ratio is 13.00%.

Allison Transmission declared that its board has initiated a share buyback program on Thursday, February 20th that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

ALSN has been the topic of several research reports. The Goldman Sachs Group lifted their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 12th. StockNews.com downgraded shares of Allison Transmission from a “buy” rating to a “hold” rating in a report on Thursday, March 27th. Citigroup cut their price objective on Allison Transmission from $115.00 to $108.00 and set a “neutral” rating on the stock in a report on Monday, March 31st. JPMorgan Chase & Co. lowered their target price on Allison Transmission from $129.00 to $110.00 and set a “neutral” rating for the company in a report on Tuesday, March 18th. Finally, Morgan Stanley lifted their price target on Allison Transmission from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $101.13.

Institutional Trading of Allison Transmission

Several large investors have recently made changes to their positions in the company. Loomis Sayles & Co. L P increased its stake in Allison Transmission by 301.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company’s stock valued at $257,046,000 after purchasing an additional 1,785,687 shares in the last quarter. Norges Bank bought a new stake in shares of Allison Transmission during the fourth quarter worth about $108,916,000. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Allison Transmission by 4,877.2% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 444,518 shares of the auto parts company’s stock worth $48,035,000 after acquiring an additional 435,587 shares during the last quarter. Raymond James Financial Inc. bought a new position in Allison Transmission in the 4th quarter valued at about $41,081,000. Finally, FMR LLC lifted its position in Allison Transmission by 1.9% in the 4th quarter. FMR LLC now owns 12,993,015 shares of the auto parts company’s stock valued at $1,404,025,000 after acquiring an additional 247,318 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

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.