Eric Scroggins Sells 1,313 Shares of Allison Transmission (NYSE:ALSN) Stock

Allison Transmission Holdings, Inc. (NYSE:ALSN) insider Eric Scroggins sold 1,313 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $114.40, for a total transaction of $150,207.20. Following the completion of the sale, the insider directly owned 17,654 shares of the company’s stock, valued at $2,019,617.60. This represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Allison Transmission Stock Performance

NYSE ALSN opened at $113.24 on Thursday. The company has a 50-day simple moving average of $113.13 and a two-hundred day simple moving average of $96.71. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $128.85. The firm has a market cap of $9.38 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 0.75 and a beta of 0.96. The company has a quick ratio of 4.17, a current ratio of 4.85 and a debt-to-equity ratio of 1.55.

Allison Transmission Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Monday, March 9th will be issued a dividend of $0.29 per share. The ex-dividend date is Monday, March 9th. This represents a $1.16 annualized dividend and a yield of 1.0%. This is a boost from Allison Transmission’s previous quarterly dividend of $0.27. Allison Transmission’s dividend payout ratio (DPR) is currently 15.83%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ALSN. Citigroup lifted their price target on Allison Transmission from $110.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 25th. Oppenheimer increased their price objective on Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 25th. Zacks Research raised shares of Allison Transmission from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Wells Fargo & Company upped their price target on shares of Allison Transmission from $98.00 to $127.00 and gave the company an “equal weight” rating in a report on Thursday, February 26th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $111.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rossby Financial LCC lifted its holdings in Allison Transmission by 107.0% in the 3rd quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock worth $25,000 after buying an additional 153 shares during the period. Larson Financial Group LLC increased its stake in shares of Allison Transmission by 536.7% during the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after buying an additional 263 shares during the period. Transamerica Financial Advisors LLC raised its holdings in shares of Allison Transmission by 2,112.5% during the fourth quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock valued at $35,000 after acquiring an additional 338 shares in the last quarter. Employees Retirement System of Texas purchased a new stake in Allison Transmission in the second quarter worth $38,000. Finally, True Wealth Design LLC lifted its stake in Allison Transmission by 93.2% in the third quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 218 shares during the period. Institutional investors own 96.90% of the company’s stock.

Allison Transmission Company Profile

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.