Allison Transmission Holdings Inc (NYSE:ALSN) Director James A. Star sold 123,943 shares of Allison Transmission stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $44.76, for a total transaction of $5,547,688.68. Following the completion of the transaction, the director now directly owns 41,450 shares of the company’s stock, valued at approximately $1,855,302. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Allison Transmission Holdings Inc (ALSN) traded down $0.37 on Friday, hitting $44.39. 1,900,000 shares of the stock traded hands, compared to its average volume of 1,280,000. Allison Transmission Holdings Inc has a 52 week low of $32.93 and a 52 week high of $45.69. The firm has a market capitalization of $6,290.00, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 1.68 and a beta of 1.21. The company has a current ratio of 1.50, a quick ratio of 1.15 and a debt-to-equity ratio of 4.57.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Monday, October 30th. The auto parts company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.27. The business had revenue of $595.00 million during the quarter, compared to the consensus estimate of $533.53 million. Allison Transmission had a net margin of 16.34% and a return on equity of 45.65%. The company’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 earnings per share. equities analysts expect that Allison Transmission Holdings Inc will post 2.49 EPS for the current fiscal year.

Allison Transmission announced that its board has authorized a stock repurchase program on Wednesday, November 8th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the auto parts company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Several brokerages have recently issued reports on ALSN. Robert W. Baird reissued a “buy” rating and set a $52.00 price target on shares of Allison Transmission in a report on Wednesday, November 1st. BidaskClub raised shares of Allison Transmission from a “hold” rating to a “buy” rating in a report on Saturday, October 21st. Piper Jaffray Companies set a $26.00 price target on shares of Allison Transmission and gave the company a “sell” rating in a report on Friday, November 17th. JPMorgan Chase & Co. boosted their price target on shares of Allison Transmission from $39.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Finally, Bank of America set a $52.00 price target on shares of Allison Transmission and gave the company a “buy” rating in a report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $44.18.

Hedge funds have recently bought and sold shares of the stock. Group One Trading L.P. acquired a new stake in Allison Transmission in the third quarter worth about $105,000. Tower Research Capital LLC TRC lifted its holdings in Allison Transmission by 7,314.3% in the second quarter. Tower Research Capital LLC TRC now owns 5,190 shares of the auto parts company’s stock worth $195,000 after purchasing an additional 5,120 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Allison Transmission by 12.8% in the second quarter. The Manufacturers Life Insurance Company now owns 5,349 shares of the auto parts company’s stock worth $201,000 after purchasing an additional 607 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in Allison Transmission in the third quarter worth about $203,000. Finally, Menta Capital LLC acquired a new stake in Allison Transmission in the second quarter worth about $206,000.

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About Allison Transmission

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).

Insider Buying and Selling by Quarter for Allison Transmission (NYSE:ALSN)

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