Eric Scroggins Sells 1,050 Shares of Allison Transmission (NYSE:ALSN) Stock

Allison Transmission Holdings, Inc. (NYSE:ALSN) insider Eric Scroggins sold 1,050 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total value of $131,250.00. Following the sale, the insider directly owned 16,604 shares in the company, valued at approximately $2,075,500. This represents a 5.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Allison Transmission Trading Up 2.4%

NYSE:ALSN opened at $125.88 on Friday. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.81 and a quick ratio of 1.17. The business’s 50-day simple moving average is $117.93 and its 200-day simple moving average is $118.62. Allison Transmission Holdings, Inc. has a fifty-two week low of $76.01 and a fifty-two week high of $137.62. The stock has a market capitalization of $10.39 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 0.66 and a beta of 0.95.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.25. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.Allison Transmission’s revenue for the quarter was up 92.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.29 EPS. Sell-side analysts expect that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business 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 $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. Allison Transmission’s dividend payout ratio is 18.44%.

Institutional Trading of Allison Transmission

A number of institutional investors have recently made changes to their positions in the business. Caprock Group LLC grew its stake in Allison Transmission by 191.5% in the fourth quarter. Caprock Group LLC now owns 26,051 shares of the auto parts company’s stock valued at $2,550,000 after purchasing an additional 17,114 shares in the last quarter. UBS Group AG raised its stake in shares of Allison Transmission by 30.4% during the 4th quarter. UBS Group AG now owns 1,252,197 shares of the auto parts company’s stock worth $122,590,000 after purchasing an additional 291,649 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of Allison Transmission by 5.3% during the 4th quarter. Natixis Advisors LLC now owns 285,022 shares of the auto parts company’s stock worth $27,903,000 after purchasing an additional 14,445 shares in the last quarter. Systematic Financial Management LP boosted its holdings in shares of Allison Transmission by 52.2% in the 4th quarter. Systematic Financial Management LP now owns 29,585 shares of the auto parts company’s stock valued at $2,896,000 after buying an additional 10,145 shares during the last quarter. Finally, Brandes Investment Partners LP acquired a new stake in shares of Allison Transmission in the 4th quarter valued at approximately $46,647,000. Institutional investors own 96.90% of the company’s stock.

Wall Street Analysts Forecast Growth

ALSN has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 6th. Morgan Stanley increased 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 raised Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Citigroup cut their price target on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. upped their price objective on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.