Allison Transmission Holdings, Inc. (NYSE:ALSN) CEO David S. Graziosi Sells 5,326 Shares

Allison Transmission Holdings, Inc. (NYSE:ALSN) CEO David S. Graziosi sold 5,326 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $120.12, for a total transaction of $639,759.12. Following the completion of the transaction, the chief executive officer now owns 168,833 shares of the company’s stock, valued at $20,280,219.96. This represents a 3.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Allison Transmission Trading Down 0.8 %

ALSN traded down $0.99 during trading on Wednesday, reaching $118.58. The company had a trading volume of 314,860 shares, compared to its average volume of 614,555. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83. Allison Transmission Holdings, Inc. has a 12-month low of $53.09 and a 12-month high of $122.53. The company has a market cap of $10.27 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 2.12 and a beta of 0.98. The firm’s 50-day simple moving average is $104.48 and its 200 day simple moving average is $89.16.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. The business had revenue of $824.00 million for the quarter, compared to analyst estimates of $790.08 million. Allison Transmission had a net margin of 22.66% and a return on equity of 51.13%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.76 earnings per share. Equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th will be given a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. Allison Transmission’s dividend payout ratio (DPR) is presently 12.18%.

Analyst Ratings Changes

Several research firms have recently issued reports on ALSN. Bank of America increased their price objective on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a report on Wednesday, October 30th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 10th. Oppenheimer boosted their price objective on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Robert W. Baird lifted their target price on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Citigroup boosted their price target on shares of Allison Transmission from $115.00 to $125.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Allison Transmission has an average rating of “Hold” and an average price target of $94.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP boosted its position in Allison Transmission by 46.7% during the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after acquiring an additional 114 shares during the period. Versant Capital Management Inc lifted its position in Allison Transmission by 1,200.0% in the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after buying an additional 336 shares in the last quarter. Triad Wealth Partners LLC purchased a new position in shares of Allison Transmission during the 2nd quarter valued at $33,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Allison Transmission in the third quarter worth $67,000. Finally, Venturi Wealth Management LLC raised its holdings in shares of Allison Transmission by 27.8% during the third quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock worth $71,000 after acquiring an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.