Allison Transmission (NYSE:ALSN) Insider Sells $131,250.00 in Stock

Allison Transmission Holdings, Inc. (NYSE:ALSN) insider Eric Scroggins sold 1,050 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total transaction of $131,250.00. Following the transaction, the insider owned 16,604 shares of the company’s stock, valued at approximately $2,075,500. This represents a 5.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Allison Transmission Stock Up 2.4%

NYSE ALSN opened at $125.88 on Friday. The business has a fifty day moving average price of $117.93 and a two-hundred day moving average price of $118.62. The stock has a market capitalization of $10.39 billion, a PE ratio of 20.01, a PEG ratio of 0.67 and a beta of 0.95. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $137.62. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.81 and a quick ratio of 1.17.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.25. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the company posted $2.29 EPS. The company’s revenue for the quarter was up 92.4% compared to the same quarter last year. Equities analysts expect that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.16 annualized dividend and a yield of 0.9%. Allison Transmission’s dividend payout ratio (DPR) is 18.44%.

Wall Street Analyst Weigh In

Several research analysts have commented on ALSN shares. Wells Fargo & Company boosted their target price on Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 6th. Citigroup reduced their price target on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. JPMorgan Chase & Co. lifted their price target on shares of Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Morgan Stanley upped their price objective on shares of Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Finally, Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Allison Transmission has an average rating of “Moderate Buy” and a consensus price target of $131.17.

Hedge Funds Weigh In On Allison Transmission

Institutional investors and hedge funds have recently bought and sold shares of the company. Inscription Capital LLC boosted its stake in shares of Allison Transmission by 0.7% during the fourth quarter. Inscription Capital LLC now owns 14,337 shares of the auto parts company’s stock valued at $1,404,000 after purchasing an additional 95 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Allison Transmission by 1.6% during the first quarter. Gamco Investors INC. ET AL now owns 6,473 shares of the auto parts company’s stock worth $758,000 after purchasing an additional 100 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Allison Transmission by 16.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 732 shares of the auto parts company’s stock valued at $72,000 after buying an additional 105 shares during the period. Villanova Investment Management Co LLC increased its stake in shares of Allison Transmission by 0.4% in the fourth quarter. Villanova Investment Management Co LLC now owns 26,089 shares of the auto parts company’s stock valued at $2,554,000 after buying an additional 106 shares during the period. Finally, Xponance LLC raised its holdings in Allison Transmission by 2.0% in the 4th quarter. Xponance LLC now owns 5,535 shares of the auto parts company’s stock valued at $542,000 after buying an additional 107 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.