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

Allison Transmission Holdings, Inc. (NYSE:ALSN) CEO David S. Graziosi sold 5,326 shares of the business’s stock in a transaction on 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 approximately $20,280,219.96. This represents a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Allison Transmission Trading Down 0.8 %

ALSN opened at $118.58 on Friday. 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 one year low of $53.09 and a one year high of $122.53. The company has a market cap of $10.27 billion, a P/E ratio of 14.44, a PEG ratio of 2.12 and a beta of 0.98. The business’s 50-day simple moving average is $105.63 and its 200-day simple moving average is $89.57.

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

Allison Transmission Announces Dividend

The firm also recently announced 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%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ALSN shares. Bank of America upped their target price on Allison Transmission from $67.00 to $77.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 30th. Citigroup upped their price objective 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. JPMorgan Chase & Co. lifted their target price on shares of Allison Transmission from $80.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. The Goldman Sachs Group upped their price target on shares of Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research report on Friday, November 1st. Finally, StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Allison Transmission has an average rating of “Hold” and a consensus price target of $94.25.

Hedge Funds Weigh In On Allison Transmission

Institutional investors have recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew 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 valued at $28,000 after buying an additional 336 shares during the last quarter. World Investment Advisors LLC acquired a new stake in shares of Allison Transmission in the 3rd quarter worth $29,000. Triad Wealth Partners LLC purchased a new stake in shares of Allison Transmission in the second quarter valued at about $33,000. Quarry LP increased its stake in shares of Allison Transmission by 46.7% during the third 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. Finally, Fifth Third Bancorp raised its holdings in Allison Transmission by 139.8% during the second quarter. Fifth Third Bancorp now owns 868 shares of the auto parts company’s stock worth $66,000 after purchasing an additional 506 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

About Allison Transmission

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.