Insider Trading in the Spotlight: Allison Transmission Holdings Inc (ALSN)

Allison Transmission Holdings Inc (NYSE:ALSN) insider has recently participated in insider trading activity. VP, Defense Programs, Pittard Dana JH bought 100 shares for $ 2,152 via one transaction Feb 11. Another notable insider trading was done by Headly Michael G. on Nov 30, who is the SVP, Global MSS. The insider sold 17,492 shares at an average price of $28.01. Moreover, an insider selling of 304 shares was carried out by Parish David L.,             Sr. VP, Ops and Purchasing, on Jun 22. Following the transaction, the insider now owns 46,724 shares in total. SVP, Prod Eng & Prod Teams Kirk Randall R. sold 1,500 shares for $ 46,860 through one transaction May 05. Following this sale, this insider’s stake in the company comprises 43,642    shares, priced at $992855.5 as of Tuesday.

The stock has experienced a total of 13 insider trades in the past three months. These trades include 11 sell activities and 2 buy trades. Furthermore, over the past 12 months, the stock was traded 31 times by insiders. In 21 of these trades, the insider was a seller while an employee of the company was the buyer in just 10 instances.

On February 8, 2016, Allison Transmission Holdings Inc (ALSN) the largest global provider of commercial duty fully-automatic transmissions, reported net sales for the fourth quarter of $478 million, a 12 percent decrease from the same period in 2014. The decrease in net sales was principally driven by lower demand in the global Off-Highway and Defense end markets, partially offset by price increases on certain products.

Adjusted Net Income, a non-GAAP financial measure, for the quarter was $123 million, compared to Adjusted Net Income of $117 million for the same period in 2014, an increase of $6 million. Adjusted EBITDA, a non-GAAP financial measure, for the quarter was $170 million, or 35.6 percent of net sales, compared to $185 million, or 34.0 percent of net sales, for the same period in 2014. Excluding $3 million of technology-related license expenses, Adjusted EBITDA for the fourth quarter of 2014 was $188 million, or 34.6 percent of net sales. Adjusted Free Cash Flow, a non-GAAP financial measure, for the quarter was $146 million, or $0.85 per diluted share, compared to $129 million for the same period in 2014, or $0.71 per diluted share.