Allison Transmission Holdings Inc (ALSN) SVP Sells $275,224.57 in Stock
Allison Transmission Holdings Inc (NYSE:ALSN) SVP Randall Kirk sold 7,283 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $37.79, for a total value of $275,224.57. Following the completion of the transaction, the senior vice president now owns 81,420 shares of the company’s stock, valued at $3,076,861.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Allison Transmission Holdings Inc (NYSE ALSN) traded down 2.18% on Thursday, reaching $37.18. The company’s stock had a trading volume of 689,098 shares. The firm has a 50 day moving average price of $37.70 and a 200 day moving average price 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 $5.53 billion and a P/E ratio of 21.11.
Allison Transmission Holdings (NYSE:ALSN) last announced its quarterly earnings results on Monday, July 31st. The auto parts company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.16. Allison Transmission Holdings had a net margin of 16.63% and a return on equity of 36.64%. The firm had revenue of $580 million during the quarter, compared to analysts’ expectations of $515.03 million. During the same period in the prior year, the company earned $0.37 EPS. The firm’s revenue was up 22.1% on a year-over-year basis. On average, equities analysts anticipate that Allison Transmission Holdings Inc will post $2.11 EPS for the current year.
Several brokerages recently weighed in on ALSN. Royal Bank Of Canada reiterated a “buy” rating on shares of Allison Transmission Holdings in a research report on Wednesday, August 2nd. Piper Jaffray Companies reiterated a “sell” rating and issued a $31.00 price objective on shares of Allison Transmission Holdings in a research report on Wednesday, July 12th. Deutsche Bank AG lowered their price objective on Allison Transmission Holdings from $44.00 to $43.00 and set a “hold” rating for the company in a research report on Wednesday, August 2nd. BidaskClub lowered Allison Transmission Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Stifel Nicolaus set a $41.00 price objective on Allison Transmission Holdings and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock 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).
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