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 on Tuesday, August 11th. The stock was sold at an average price of $125.00, for a total transaction of $131,250.00. Following the sale, the insider owned 16,604 shares in the company, valued at approximately $2,075,500. The trade was a 5.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Allison Transmission Stock Down 0.5%

NYSE ALSN traded down $0.63 on Thursday, reaching $122.97. The company had a trading volume of 400,584 shares, compared to its average volume of 976,057. The firm has a market capitalization of $10.15 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 0.67 and a beta of 0.95. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81. Allison Transmission Holdings, Inc. has a 1-year low of $76.01 and a 1-year high of $137.62. The company’s fifty day moving average is $117.63 and its 200-day moving average is $118.48.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.25. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.50 billion. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The company’s revenue for the quarter was up 92.4% on a year-over-year basis. During the same quarter last year, the business posted $2.29 EPS. On average, research analysts forecast that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

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

Institutional Trading of Allison Transmission

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC acquired a new position in Allison Transmission during the second quarter valued at approximately $552,000. Bank of Nova Scotia bought a new position in Allison Transmission in the second quarter valued at approximately $6,717,000. Kendall Capital Management acquired a new position in shares of Allison Transmission during the 2nd quarter worth approximately $1,728,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Allison Transmission during the 2nd quarter worth approximately $382,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Allison Transmission during the 2nd quarter worth approximately $117,000. Institutional investors and hedge funds own 96.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Morgan Stanley boosted their target price 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. Citigroup decreased their price target on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. JPMorgan Chase & Co. lifted their price objective on shares of Allison Transmission from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 13th. Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, Wells Fargo & Company increased their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $131.17.

About Allison Transmission

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.