Scott Mell Sells 2,270 Shares of Allison Transmission (NYSE:ALSN) Stock

Allison Transmission Holdings, Inc. (NYSE:ALSN) CFO Scott Mell sold 2,270 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $125.00, for a total transaction of $283,750.00. Following the sale, the chief financial officer owned 1,053 shares in the company, valued at approximately $131,625. This trade represents a 68.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Allison Transmission Price Performance

Shares of Allison Transmission stock traded down $0.34 on Monday, hitting $123.84. 696,879 shares of the company traded hands, compared to its average volume of 869,560. The firm’s 50-day simple moving average is $122.33 and its 200 day simple moving average is $106.76. The company has a current ratio of 4.85, a quick ratio of 4.17 and a debt-to-equity ratio of 1.55. The company has a market cap of $10.29 billion, a P/E ratio of 19.26, a P/E/G ratio of 0.70 and a beta of 1.01. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $137.62.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings data on Monday, May 4th. The auto parts company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.47. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Allison Transmission had a net margin of 14.88% and a return on equity of 37.93%. The business’s quarterly revenue was up 83.6% on a year-over-year basis. During the same quarter last year, the company posted $2.23 EPS. Analysts expect that Allison Transmission Holdings, Inc. will post 9.52 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Monday, May 18th will be given a dividend of $0.29 per share. The ex-dividend date is Monday, May 18th. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. Allison Transmission’s dividend payout ratio (DPR) is 18.04%.

Institutional Investors Weigh In On Allison Transmission

Several hedge funds have recently bought and sold shares of the business. Cassaday & Co Wealth Management LLC bought a new stake in Allison Transmission during the first quarter worth about $28,000. Florida Financial Advisors LLC bought a new stake in Allison Transmission during the first quarter worth about $322,000. KBC Group NV boosted its stake in Allison Transmission by 11.9% during the first quarter. KBC Group NV now owns 2,770 shares of the auto parts company’s stock worth $324,000 after acquiring an additional 294 shares in the last quarter. California Public Employees Retirement System boosted its stake in Allison Transmission by 4.5% during the first quarter. California Public Employees Retirement System now owns 177,921 shares of the auto parts company’s stock worth $20,827,000 after acquiring an additional 7,643 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in Allison Transmission during the first quarter worth about $1,850,000. Institutional investors own 96.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ALSN. Wells Fargo & Company lifted their target price on shares of Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Morgan Stanley lifted their target price on shares of Allison Transmission from $109.00 to $117.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. Citigroup lifted their target price on shares of Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Oppenheimer lifted their target price on shares of Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. Finally, Zacks Research lowered shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $115.38.

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.