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

Allison Transmission Holdings, Inc. (NYSE:ALSN) SVP John Coll sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $75.06, for a total transaction of $150,120.00. Following the transaction, the senior vice president now owns 14,420 shares of the company’s stock, valued at approximately $1,082,365.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Allison Transmission Stock Performance

Shares of NYSE ALSN opened at $75.00 on Wednesday. The company has a 50 day simple moving average of $75.08 and a two-hundred day simple moving average of $71.07. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 1.41 and a beta of 1.00. The company has a current ratio of 2.51, a quick ratio of 1.95 and a debt-to-equity ratio of 1.79. Allison Transmission Holdings, Inc. has a 12 month low of $50.13 and a 12 month high of $83.42.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.01. The company had revenue of $789.00 million during the quarter, compared to the consensus estimate of $772.37 million. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.85 earnings per share. As a group, analysts predict that Allison Transmission Holdings, Inc. will post 7.56 earnings per share for the current year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.33%. The ex-dividend date was Friday, May 17th. Allison Transmission’s dividend payout ratio is currently 13.35%.

Analyst Ratings Changes

Several equities analysts have issued reports on ALSN shares. The Goldman Sachs Group lifted their price target on shares of Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. upped their target price on Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Friday, June 7th. Citigroup initiated coverage on shares of Allison Transmission in a report on Wednesday, June 26th. They set a “neutral” rating and a $80.00 price objective on the stock. Finally, Oppenheimer lifted their target price on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $75.25.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ALSN. Treasurer of the State of North Carolina lifted its stake in shares of Allison Transmission by 5.3% in the 3rd quarter. Treasurer of the State of North Carolina now owns 50,000 shares of the auto parts company’s stock valued at $2,953,000 after purchasing an additional 2,529 shares during the period. Qube Research & Technologies Ltd boosted its stake in shares of Allison Transmission by 17.9% during the 3rd quarter. Qube Research & Technologies Ltd now owns 165,456 shares of the auto parts company’s stock worth $9,772,000 after acquiring an additional 25,130 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Allison Transmission by 104.0% during the 3rd quarter. Lazard Asset Management LLC now owns 217,189 shares of the auto parts company’s stock valued at $12,827,000 after acquiring an additional 110,722 shares during the period. Glenmede Trust Co. NA grew its position in shares of Allison Transmission by 6.5% during the 3rd quarter. Glenmede Trust Co. NA now owns 43,548 shares of the auto parts company’s stock valued at $2,572,000 after acquiring an additional 2,667 shares during the period. Finally, AXQ Capital LP purchased a new position in shares of Allison Transmission in the 3rd quarter valued at about $242,000. 96.90% of the stock is 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.