Ryan A. Milburn Sells 4,546 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) Stock

Allison Transmission Holdings, Inc. (NYSE:ALSN) VP Ryan A. Milburn sold 4,546 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $96.20, for a total transaction of $437,325.20. Following the transaction, the vice president now owns 14,138 shares of the company’s stock, valued at approximately $1,360,075.60. This trade represents a 24.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Allison Transmission Stock Performance

Shares of ALSN stock traded up $0.37 during trading hours on Tuesday, hitting $97.67. The company’s stock had a trading volume of 530,843 shares, compared to its average volume of 587,072. The company has a 50 day moving average of $107.84 and a 200 day moving average of $105.82. The stock has a market cap of $8.35 billion, a PE ratio of 11.75 and a beta of 1.02. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. Allison Transmission Holdings, Inc. has a 12-month low of $71.49 and a 12-month high of $122.53.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. On average, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Allison Transmission declared that its board has initiated a stock repurchase plan on Thursday, February 20th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the auto parts company to repurchase up to 57.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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 issued 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 dividend yield of 1.11%. The ex-dividend date was Monday, March 3rd. Allison Transmission’s dividend payout ratio is 13.00%.

Hedge Funds Weigh In On Allison Transmission

Large investors have recently made changes to their positions in the company. Transce3nd LLC acquired a new position in shares of Allison Transmission in the 4th quarter valued at $25,000. SRH Advisors LLC acquired a new position in shares of Allison Transmission in the 4th quarter valued at $26,000. World Investment Advisors LLC acquired a new position in shares of Allison Transmission in the 3rd quarter valued at $29,000. Kestra Investment Management LLC acquired a new position in shares of Allison Transmission in the 4th quarter valued at $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Allison Transmission in the 4th quarter valued at $31,000. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Citigroup reduced their price objective on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a research note on Wednesday, February 12th. Morgan Stanley boosted their price objective on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. 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. StockNews.com lowered shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Allison Transmission from $129.00 to $110.00 and set a “neutral” rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $102.00.

About Allison Transmission

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.