David Graziosi Sells 10,736 Shares of Allison Transmission Holdings Inc (ALSN) Stock
Allison Transmission Holdings Inc (NYSE:ALSN) CFO David Graziosi sold 10,736 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $39.91, for a total transaction of $428,473.76. Following the completion of the sale, the chief financial officer now owns 204,859 shares in the company, valued at $8,175,922.69. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Allison Transmission Holdings Inc (NYSE ALSN) traded down 2.13% on Thursday, reaching $37.20. 686,712 shares of the company’s stock traded hands. The company has a 50 day moving average of $37.70 and a 200-day moving average of $37.00. Allison Transmission Holdings Inc has a 52 week low of $26.74 and a 52 week high of $40.25. The stock has a market capitalization of $5.54 billion and a PE ratio of 21.12.
Allison Transmission Holdings (NYSE:ALSN) last issued its earnings results on Monday, July 31st. The auto parts company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.16. The company had revenue of $580 million for the quarter, compared to analysts’ expectations of $515.03 million. Allison Transmission Holdings had a net margin of 16.63% and a return on equity of 36.64%. The firm’s revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.37 earnings per share. Equities research analysts forecast that Allison Transmission Holdings Inc will post $2.11 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: “David Graziosi Sells 10,736 Shares of Allison Transmission Holdings Inc (ALSN) Stock” was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://www.dailypolitical.com/2017/08/05/david-s-graziosi-sells-10736-shares-of-allison-transmission-holdings-inc-nasdaqalsn-stock.html.
A number of research analysts recently commented on the stock. BidaskClub raised shares of Allison Transmission Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Deutsche Bank AG increased their target price on shares of Allison Transmission Holdings from $43.00 to $44.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Piper Jaffray Companies set a $30.00 target price on shares of Allison Transmission Holdings and gave the company a “sell” rating in a research report on Thursday, April 27th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $40.00 target price on shares of Allison Transmission Holdings in a research report on Wednesday, July 19th. Finally, Zacks Investment Research raised shares of Allison Transmission Holdings from a “hold” rating to a “strong-buy” rating and set a $44.00 target price on the stock in a research report on Tuesday, May 2nd. Two analysts have rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $40.56.
About Allison Transmission Holdings
Allison Transmission Holdings, Inc and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Company’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked).
Receive News & Ratings for Allison Transmission Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.