Allison Transmission Holdings Inc (NYSE:ALSN) SVP Michael Dick sold 19,600 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $42.47, for a total transaction of $832,412.00. Following the completion of the transaction, the senior vice president now directly owns 39,131 shares of the company’s stock, valued at $1,661,893.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Michael Dick also recently made the following trade(s):
- On Tuesday, December 12th, Michael Dick sold 4,400 shares of Allison Transmission stock. The shares were sold at an average price of $42.03, for a total transaction of $184,932.00.
Shares of Allison Transmission Holdings Inc (NYSE ALSN) traded up $0.77 on Wednesday, hitting $42.66. 1,681,100 shares of the stock were exchanged, compared to its average volume of 1,533,890. The stock has a market cap of $5,938.36, a PE ratio of 18.53, a price-to-earnings-growth ratio of 1.68 and a beta of 1.22. The company has a debt-to-equity ratio of 4.57, a quick ratio of 1.15 and a current ratio of 1.50. Allison Transmission Holdings Inc has a fifty-two week low of $32.80 and a fifty-two week high of $45.69.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Monday, November 20th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $0.60 annualized dividend and a yield of 1.41%. Allison Transmission’s payout ratio is currently 26.55%.
Allison Transmission announced that its board has approved a stock buyback program on Wednesday, November 8th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the auto parts company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.
A number of research analysts have recently weighed in on the stock. BidaskClub raised shares of Allison Transmission from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Bank of America reissued a “buy” rating on shares of Allison Transmission in a research note on Thursday, November 23rd. Piper Jaffray Companies set a $31.00 price objective on shares of Allison Transmission and gave the stock a “sell” rating in a research note on Thursday, August 24th. Zacks Investment Research cut shares of Allison Transmission from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, October 3rd. Finally, Buckingham Research raised their price objective on shares of Allison Transmission from $36.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $44.18.
A number of hedge funds have recently added to or reduced their stakes in the business. Burgundy Asset Management Ltd. grew its stake in Allison Transmission by 6.6% in the 3rd quarter. Burgundy Asset Management Ltd. now owns 5,114,840 shares of the auto parts company’s stock worth $191,960,000 after acquiring an additional 318,821 shares during the period. Standard Life Investments LTD grew its stake in Allison Transmission by 15.9% in the 2nd quarter. Standard Life Investments LTD now owns 3,682,743 shares of the auto parts company’s stock worth $138,158,000 after acquiring an additional 504,518 shares during the period. Neuberger Berman Group LLC grew its stake in Allison Transmission by 0.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,732,598 shares of the auto parts company’s stock worth $102,554,000 after acquiring an additional 10,476 shares during the period. Schroder Investment Management Group grew its stake in Allison Transmission by 11.8% in the 3rd quarter. Schroder Investment Management Group now owns 2,430,400 shares of the auto parts company’s stock worth $90,459,000 after acquiring an additional 255,688 shares during the period. Finally, Jennison Associates LLC grew its stake in Allison Transmission by 3.8% in the 3rd quarter. Jennison Associates LLC now owns 1,788,436 shares of the auto parts company’s stock worth $67,120,000 after acquiring an additional 65,743 shares during the period.
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Allison Transmission Company Profile
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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