Eric C. Scroggins Sells 4,330 Shares of Allison Transmission Holdings Inc (ALSN) Stock
Allison Transmission Holdings Inc (NYSE:ALSN) VP Eric C. Scroggins sold 4,330 shares of Allison Transmission stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $44.00, for a total transaction of $190,520.00. Following the completion of the sale, the vice president now directly owns 20,310 shares of the company’s stock, valued at approximately $893,640. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Allison Transmission Holdings Inc (NYSE ALSN) opened at $45.12 on Tuesday. The company has a current ratio of 1.50, a quick ratio of 1.15 and a debt-to-equity ratio of 4.57. The company has a market cap of $6,400.00, a PE ratio of 19.88, a P/E/G ratio of 1.71 and a beta of 1.21. Allison Transmission Holdings Inc has a fifty-two week low of $32.93 and a fifty-two week high of $45.69.
Allison Transmission declared that its Board of Directors has approved a share buyback program on Wednesday, November 8th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the auto parts company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.
ALSN has been the subject of a number of recent research reports. Royal Bank of Canada reissued a “buy” rating on shares of Allison Transmission in a research report on Thursday, November 2nd. Citigroup upped their target price on shares of Allison Transmission from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Zacks Investment Research raised shares of Allison Transmission from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Friday, November 3rd. Deutsche Bank set a $37.00 price target on shares of Allison Transmission and gave the stock a “sell” rating in a research note on Wednesday, November 1st. Finally, Buckingham Research boosted their price target 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 given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $44.18.
COPYRIGHT VIOLATION WARNING: “Eric C. Scroggins Sells 4,330 Shares of Allison Transmission Holdings Inc (ALSN) Stock” was originally reported by Marea Informative and is the property of of Marea Informative. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.mareainformativa.com/2018/01/30/eric-c-scroggins-sells-4330-shares-of-allison-transmission-holdings-inc-alsn-stock-updated-updated-updated.html.
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).
Receive News & Ratings for Allison Transmission Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission and related companies with MarketBeat.com's FREE daily email newsletter.