Allison Transmission Holdings Inc (NYSE:ALSN) VP Eric C. Scroggins sold 4,470 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $51.20, for a total transaction of $228,864.00. Following the completion of the sale, the vice president now owns 23,423 shares in the company, valued at approximately $1,199,257.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
NYSE ALSN traded down $1.20 during mid-day trading on Friday, reaching $51.94. 1,309,861 shares of the stock were exchanged, compared to its average volume of 1,322,213. Allison Transmission Holdings Inc has a one year low of $36.06 and a one year high of $53.76. The company has a market capitalization of $6.79 billion, a PE ratio of 19.53, a P/E/G ratio of 1.17 and a beta of 1.26. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 4.19.
Allison Transmission (NYSE:ALSN) last announced its earnings results on Monday, July 30th. The auto parts company reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.29. Allison Transmission had a net margin of 25.46% and a return on equity of 86.52%. The business had revenue of $711.00 million during the quarter, compared to the consensus estimate of $655.33 million. During the same quarter last year, the firm earned $0.63 earnings per share. Allison Transmission’s quarterly revenue was up 22.6% on a year-over-year basis. As a group, equities analysts expect that Allison Transmission Holdings Inc will post 4.43 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Townsend & Associates Inc bought a new position in Allison Transmission during the second quarter worth $111,000. Sun Life Financial INC bought a new position in Allison Transmission during the second quarter worth $115,000. Moneta Group Investment Advisors LLC raised its stake in Allison Transmission by 96.4% during the second quarter. Moneta Group Investment Advisors LLC now owns 4,095 shares of the auto parts company’s stock worth $166,000 after buying an additional 2,010 shares during the last quarter. Smithfield Trust Co. bought a new position in Allison Transmission during the first quarter worth $189,000. Finally, Sigma Planning Corp bought a new stake in Allison Transmission in the second quarter valued at $232,000.
A number of analysts have weighed in on the stock. Credit Suisse Group raised their target price on shares of Allison Transmission from $48.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, August 1st. Zacks Investment Research upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Wednesday, August 1st. Stifel Nicolaus raised their target price on shares of Allison Transmission from $53.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. ValuEngine upgraded shares of Allison Transmission from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Finally, Bank of America raised their target price on shares of Allison Transmission from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Tuesday, July 31st. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $45.75.
Allison Transmission Company Profile
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 13 transmission product lines with approximately 100 product models for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
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