Insider Selling: Allison Transmission Holdings, Inc. (NYSE:ALSN) VP Sells 4,546 Shares of Stock

Allison Transmission Holdings, Inc. (NYSE:ALSN) VP Ryan A. Milburn sold 4,546 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $96.20, for a total transaction of $437,325.20. Following the completion of the sale, the vice president now directly owns 14,138 shares in the company, valued at approximately $1,360,075.60. This represents a 24.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Allison Transmission Stock Down 0.4 %

Shares of Allison Transmission stock opened at $98.82 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.04 and a quick ratio of 2.42. Allison Transmission Holdings, Inc. has a 1 year low of $71.49 and a 1 year high of $122.53. The firm’s 50-day moving average is $107.14 and its two-hundred day moving average is $105.76. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of 11.89 and a beta of 1.02.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. As a group, research analysts expect that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission announced that its board has authorized a share repurchase plan on Thursday, February 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the auto parts company to purchase up to 57.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Allison Transmission Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were issued a $0.27 dividend. This is a boost from Allison Transmission’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Monday, March 3rd. Allison Transmission’s dividend payout ratio (DPR) is currently 13.00%.

Wall Street Analyst Weigh In

ALSN has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Allison Transmission from $129.00 to $110.00 and set a “neutral” rating on the stock in a research note on Tuesday. The Goldman Sachs Group raised their price target on shares of Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research note on Thursday, December 12th. Citigroup reduced their price target on shares of Allison Transmission from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Morgan Stanley raised their price target on shares of Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Finally, StockNews.com downgraded shares of Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $102.00.

Institutional Trading of Allison Transmission

A number of institutional investors have recently modified their holdings of the company. FMR LLC boosted its holdings 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 valued at $1,404,025,000 after buying an additional 247,318 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Allison Transmission by 3.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,652,996 shares of the auto parts company’s stock valued at $286,683,000 after purchasing an additional 76,840 shares during the last quarter. Loomis Sayles & Co. L P raised its position in shares of 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. Geode Capital Management LLC raised its position in shares of Allison Transmission by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock valued at $188,511,000 after purchasing an additional 79,506 shares during the last quarter. Finally, State Street Corp raised its position in shares of Allison Transmission by 0.8% in the 3rd quarter. State Street Corp now owns 1,682,076 shares of the auto parts company’s stock valued at $161,597,000 after purchasing an additional 13,252 shares during the last quarter. 96.90% of the stock is currently 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.