Allison Transmission Holdings, Inc. (NYSE:ALSN) CEO Sells $639,759.12 in Stock

Allison Transmission Holdings, Inc. (NYSE:ALSN) CEO David S. Graziosi sold 5,326 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $120.12, for a total value of $639,759.12. Following the sale, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at $20,280,219.96. The trade was a 3.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Allison Transmission Trading Down 0.1 %

NYSE:ALSN opened at $118.50 on Friday. Allison Transmission Holdings, Inc. has a 12-month low of $53.12 and a 12-month high of $122.53. The firm has a market cap of $10.26 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 2.11 and a beta of 0.98. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48. The stock has a fifty day moving average price of $106.18 and a 200 day moving average price of $89.87.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The business had revenue of $824.00 million during the quarter, compared to the consensus estimate of $790.08 million. During the same period in the previous year, the company posted $1.76 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. Sell-side analysts anticipate that Allison Transmission Holdings, Inc. will post 8.21 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.84%. Allison Transmission’s payout ratio is 12.18%.

Institutional Investors Weigh In On Allison Transmission

Institutional investors have recently modified their holdings of the company. FMR LLC raised its stake in Allison Transmission by 24.3% in the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock valued at $1,224,479,000 after buying an additional 2,493,310 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of Allison Transmission during the 3rd quarter worth about $52,156,000. Loomis Sayles & Co. L P lifted its stake in Allison Transmission by 252.5% during the third quarter. Loomis Sayles & Co. L P now owns 593,044 shares of the auto parts company’s stock worth $56,974,000 after purchasing an additional 424,813 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Allison Transmission by 34.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 914,918 shares of the auto parts company’s stock valued at $87,896,000 after purchasing an additional 233,214 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC increased its stake in Allison Transmission by 257.8% in the second quarter. Thompson Siegel & Walmsley LLC now owns 319,428 shares of the auto parts company’s stock valued at $24,245,000 after purchasing an additional 230,152 shares during the last quarter. 96.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ALSN has been the subject of several research analyst reports. Oppenheimer increased their target price on shares of 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 shares of Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, October 11th. Bank of America lifted their price objective on Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group increased their target price on Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $94.25.

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.