David Graziosi Sells 26,708 Shares of Allison Transmission (NYSE:ALSN) Stock

Allison Transmission Holdings, Inc. (NYSE:ALSN) CEO David Graziosi sold 26,708 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $132.97, for a total value of $3,551,362.76. Following the completion of the sale, the chief executive officer owned 304,843 shares of the company’s stock, valued at approximately $40,534,973.71. This trade represents a 8.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Allison Transmission Price Performance

ALSN opened at $128.73 on Thursday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81. The stock has a market capitalization of $10.63 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 0.71 and a beta of 0.95. The stock’s 50 day moving average price is $119.78 and its 200-day moving average price is $119.67. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $137.62.

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

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be given a dividend of $0.29 per share. The ex-dividend date is Friday, August 21st. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. Allison Transmission’s payout ratio is currently 18.44%.

Institutional Investors Weigh In On Allison Transmission

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

Analyst Ratings Changes

Several analysts have commented on ALSN shares. JPMorgan Chase & Co. raised their price objective on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Morgan Stanley upped their target price on Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Wells Fargo & Company raised their target price on Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Citigroup dropped their price target on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.17.

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.