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

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

Allison Transmission Stock Performance

Shares of ALSN stock opened at $131.74 on Wednesday. The company has a 50 day moving average price of $119.58 and a 200-day moving average price of $119.57. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $137.62. The firm has a market capitalization of $10.88 billion, a PE ratio of 20.94, a P/E/G ratio of 0.70 and a beta of 0.95. The company has a quick ratio of 1.17, a current ratio of 1.81 and a debt-to-equity ratio of 2.07.

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

Allison Transmission Announces Dividend

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

Institutional Investors Weigh In On Allison Transmission

A number of institutional investors have recently bought and sold shares of ALSN. Millstone Evans Group LLC purchased a new position in shares of Allison Transmission in the first quarter valued at about $26,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Allison Transmission during the first quarter worth about $27,000. Cassaday & Co Wealth Management LLC bought a new stake in Allison Transmission during the 1st quarter valued at approximately $28,000. Larson Financial Group LLC raised its stake in Allison Transmission by 536.7% during the 4th quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock valued at $31,000 after purchasing an additional 263 shares during the period. Finally, Transamerica Financial Advisors LLC lifted its holdings in Allison Transmission by 2,112.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock worth $35,000 after purchasing an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

ALSN has been the subject of several research analyst reports. Weiss Ratings raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. raised their target price on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Morgan Stanley boosted their price target on Allison Transmission from $126.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, July 17th. Wells Fargo & Company upped their price target 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. Finally, Citigroup lowered their price objective 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. One 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.17.

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.