Allison Transmission Holdings, Inc. (NYSE:ALSN) VP Sells $359,078.88 in Stock

Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) VP Ryan A. Milburn sold 3,412 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total transaction of $359,078.88. Following the sale, the vice president now owns 11,924 shares of the company's stock, valued at approximately $1,254,881.76. This represents a 22.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Allison Transmission Trading Down 1.1%

Shares of NYSE ALSN traded down $1.15 during midday trading on Friday, reaching $102.38. The stock had a trading volume of 321,929 shares, compared to its average volume of 741,415. The firm has a market cap of $8.63 billion, a price-to-earnings ratio of 12.32 and a beta of 0.97. Allison Transmission Holdings, Inc. has a twelve month low of $71.49 and a twelve month high of $122.53. 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 company's 50 day moving average price is $95.25 and its 200 day moving average price is $105.51.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The auto parts company reported $2.23 EPS for the quarter, beating analysts' consensus estimates of $1.97 by $0.26. The company had revenue of $766.00 million during the quarter, compared to analyst estimates of $792.18 million. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. Allison Transmission's revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business earned $1.90 earnings per share. As a group, sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission declared that its board has authorized a share repurchase program on Thursday, February 20th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend is Monday, May 19th. Allison Transmission's dividend payout ratio (DPR) is currently 12.50%.

Analyst Upgrades and Downgrades

Several research analysts have commented on ALSN shares. JPMorgan Chase & Co. decreased their target price on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Morgan Stanley boosted their target price on Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. Robert W. Baird reduced their price objective on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Wall Street Zen raised shares of Allison Transmission from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Finally, Raymond James dropped their target price on shares of Allison Transmission from $115.00 to $110.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Allison Transmission presently has a consensus rating of "Hold" and an average target price of $98.63.

Hedge Funds Weigh In On Allison Transmission

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P raised its position in Allison Transmission by 301.1% in the 4th quarter. Loomis Sayles & Co. L P now owns 2,378,731 shares of the auto parts company's stock valued at $257,046,000 after purchasing an additional 1,785,687 shares during the last quarter. Norges Bank acquired a new stake in Allison Transmission in the fourth quarter valued at $108,916,000. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Allison Transmission by 109.1% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 929,434 shares of the auto parts company's stock valued at $88,919,000 after buying an additional 484,916 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Allison Transmission during the 4th quarter worth $41,081,000. Finally, FMR LLC boosted its position in shares of Allison Transmission by 1.9% in the 4th quarter. FMR LLC now owns 12,993,015 shares of the auto parts company's stock worth $1,404,025,000 after buying an additional 247,318 shares in the last quarter. 96.90% of the stock is owned by institutional investors.

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.

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