Allison Transmission (NYSE:ALSN) CFO Sells $283,750.00 in Stock

Allison Transmission Holdings, Inc. (NYSE:ALSN) CFO Scott Mell sold 2,270 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $125.00, for a total transaction of $283,750.00. Following the sale, the chief financial officer directly owned 1,053 shares of the company’s stock, valued at $131,625. The trade was a 68.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Allison Transmission Trading Up 2.1%

NYSE:ALSN opened at $122.36 on Thursday. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $137.62. The firm has a 50 day moving average of $122.14 and a 200 day moving average of $107.89. The company has a quick ratio of 4.17, a current ratio of 1.85 and a debt-to-equity ratio of 2.23. The stock has a market capitalization of $10.15 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 0.67 and a beta of 1.01.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.47. Allison Transmission had a net margin of 14.88% and a return on equity of 37.50%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the company posted $2.23 earnings per share. Allison Transmission’s revenue for the quarter was up 83.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 9.52 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 18th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.16 dividend on an annualized basis and a yield of 0.9%. Allison Transmission’s dividend payout ratio is presently 18.04%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ALSN. Jane Street Group LLC raised its holdings in shares of Allison Transmission by 341.3% in the first quarter. Jane Street Group LLC now owns 288,674 shares of the auto parts company’s stock worth $27,617,000 after buying an additional 223,253 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Allison Transmission by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 214,907 shares of the auto parts company’s stock worth $20,560,000 after buying an additional 11,542 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Allison Transmission by 9.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,892 shares of the auto parts company’s stock worth $180,000 after purchasing an additional 165 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Allison Transmission by 441.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,018 shares of the auto parts company’s stock worth $97,000 after purchasing an additional 830 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Allison Transmission during the second quarter worth $6,111,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ALSN shares. Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 7th. Wells Fargo & Company increased their target price on shares of Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Zacks Research cut shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 24th. Oppenheimer raised their price target on shares of Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Finally, Citigroup raised their price target on shares of Allison Transmission from $130.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $116.50.

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.