Allison Transmission Holdings, Inc. (NYSE:ALSN) VP Ryan A. Milburn Sells 4,546 Shares

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

Allison Transmission Stock Performance

Shares of ALSN opened at $97.67 on Wednesday. The stock has a 50-day simple moving average of $107.59 and a 200-day simple moving average of $105.86. The company has a debt-to-equity ratio of 1.45, a quick ratio of 2.42 and a current ratio of 3.04. Allison Transmission Holdings, Inc. has a 1 year low of $71.49 and a 1 year high of $122.53. The stock has a market capitalization of $8.35 billion, a PE ratio of 11.75 and a beta of 1.02.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 earnings per share (EPS) for the quarter, topping 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%. On average, analysts predict that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current fiscal year.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Monday, March 3rd were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from Allison Transmission’s previous quarterly dividend of $0.25. Allison Transmission’s dividend payout ratio is 13.00%.

Allison Transmission announced that its Board of Directors has authorized a stock repurchase program on Thursday, February 20th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the auto parts company to reacquire up to 57.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Allison Transmission

Several institutional investors have recently added to or reduced their stakes in ALSN. FMR LLC increased 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 acquiring an additional 247,318 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in Allison Transmission by 3.0% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,652,996 shares of the auto parts company’s stock worth $286,683,000 after purchasing an additional 76,840 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in Allison Transmission by 301.1% in the fourth 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 period. Geode Capital Management LLC raised its holdings in shares of Allison Transmission by 4.2% in the third quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock valued at $188,511,000 after buying an additional 79,506 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Allison Transmission by 0.8% during the third quarter. State Street Corp now owns 1,682,076 shares of the auto parts company’s stock worth $161,597,000 after buying an additional 13,252 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ALSN shares. The Goldman Sachs Group upped their price target on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research note on Thursday, December 12th. Morgan Stanley increased their target price on Allison Transmission from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. StockNews.com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 13th. Citigroup cut 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. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Allison Transmission from $129.00 to $110.00 and set a “neutral” rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $102.00.

Allison Transmission Company Profile

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.