Allison Transmission Holdings Inc's (NYSE:ALSN) Senior Vice President of Global MSS, John Coll, recently sold 2,000 shares of company stock, resulting in a total transaction value of over $162,000. The sale, executed on April 1, 2024, was conducted at a weighted average price of $81.0605 per share, with individual transactions ranging from $80.7800 to $81.1100 per share.
The transaction was made in accordance with a pre-arranged Rule 10b5-1 trading plan, which Coll had adopted on November 30, 2023. These trading plans allow insiders to sell shares at predetermined times to avoid accusations of trading on nonpublic information.
Following the sale, Coll still holds a significant number of shares in Allison Transmission. According to the filing, he owns 16,420 shares directly and an additional 8,906 shares indirectly through the John Coll Living Trust, dated May 2, 2005.
Investors often monitor insider sales as they can provide insights into an executive's perspective on the company's current valuation. While such sales are not always indicative of a company's future performance, they are a standard part of how insiders can liquidate part of their holdings while complying with securities laws.
The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission, dated April 3, 2024. The filing details are a matter of public record and can provide transparency for investors tracking the buying and selling activities of company insiders.
InvestingPro Insights
Amid the recent insider sale at Allison Transmission Holdings Inc (NYSE:ALSN), investors may find the current financial health and market performance of the company particularly relevant. According to real-time data from InvestingPro, Allison Transmission boasts an impressive gross profit margin of 48.43% for the last twelve months as of Q4 2023, underscoring the company's efficiency in managing its production costs relative to its revenue.
The company's market capitalization stands at $7.2 billion, and it has demonstrated robust revenue growth of 9.61% over the last twelve months, indicating a strong market demand for its products. Additionally, the P/E ratio is currently at 11, which, when adjusted for the last twelve months, comes down to 10.71, suggesting that the stock may be trading at a reasonable valuation relative to its earnings.
InvestingPro Tips highlight that Allison Transmission has not only maintained dividend payments for 13 consecutive years but has also raised its dividend for 4 consecutive years, a testament to its financial stability and commitment to shareholder returns. Moreover, the company has a perfect Piotroski Score of 9, which is a strong indicator of its financial strength. Investors should also note that the stock is trading near its 52-week high, with a price that is 99.29% of this peak.
For those looking to delve deeper into Allison Transmission's financials and stock performance, InvestingPro offers additional insights. There are 13 more InvestingPro Tips available for ALSN, which can help investors make more informed decisions. To access these tips and enhance your investment strategy, visit InvestingPro and consider using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.