Insider Selling: Allison Transmission Holdings, Inc. (NYSE:ALSN) VP Sells $437,325.20 in Stock

Allison Transmission Holdings, Inc. (NYSE:ALSN) VP Ryan A. Milburn sold 4,546 shares of the company’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 completion of the transaction, the vice president now owns 14,138 shares of the company’s stock, valued at approximately $1,360,075.60. The trade was a 24.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Allison Transmission Price Performance

Shares of NYSE:ALSN opened at $98.82 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. The firm has a fifty day moving average price of $107.14 and a 200 day moving average price of $105.76. Allison Transmission Holdings, Inc. has a fifty-two week low of $71.49 and a fifty-two week high of $122.53. The firm has a market cap of $8.45 billion, a price-to-earnings ratio of 11.89 and a beta of 1.02.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results 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 net margin of 22.67% and a return on equity of 47.95%. As a group, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were paid a dividend of $0.27 per share. This is an increase from Allison Transmission’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, March 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 1.09%. Allison Transmission’s dividend payout ratio is presently 13.00%.

Allison Transmission announced that its board has initiated a share buyback plan on Thursday, February 20th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Allison Transmission

Hedge funds have recently bought and sold shares of the business. Transce3nd LLC purchased a new stake in Allison Transmission during the fourth quarter valued at $25,000. SRH Advisors LLC purchased a new stake in shares of Allison Transmission in the fourth quarter valued at $26,000. World Investment Advisors LLC purchased a new stake in shares of Allison Transmission in the third quarter valued at $29,000. Kestra Investment Management LLC purchased a new stake in shares of Allison Transmission in the fourth quarter valued at $30,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Allison Transmission in the fourth quarter valued at $31,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

ALSN has been the subject of a number of recent analyst reports. Citigroup dropped their price target on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday, February 12th. StockNews.com lowered shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. dropped their price target on shares of Allison Transmission from $129.00 to $110.00 and set a “neutral” rating for the company in a research report on Tuesday. Morgan Stanley upped their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 17th. Finally, The Goldman Sachs Group upped their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company 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.