James A. Star Sells 123,943 Shares of Allison Transmission Holdings Inc (ALSN) Stock
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.
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).
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