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

Allison Transmission Holdings, Inc. (NYSE:ALSNGet Free Report) insider Eric Scroggins sold 1,050 shares of the company’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 transaction, the insider directly owned 16,604 shares in the company, valued at approximately $2,075,500. This trade represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Allison Transmission Stock Performance

ALSN opened at $122.97 on Friday. Allison Transmission Holdings, Inc. has a 1-year low of $76.01 and a 1-year high of $137.62. The stock has a market cap of $10.15 billion, a P/E ratio of 19.55, a P/E/G ratio of 0.66 and a beta of 0.95. The stock’s 50 day simple moving average is $117.72 and its 200 day simple moving average is $118.57. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.81 and a quick ratio of 1.17.

Allison Transmission (NYSE:ALSNGet Free Report) last released its quarterly earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.25. The business had revenue of $1.57 billion during 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 business’s revenue was up 92.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.29 EPS. As a group, equities analysts anticipate that Allison Transmission Holdings, Inc. will post 9.94 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders 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 of this dividend is Friday, August 21st. Allison Transmission’s dividend payout ratio is 18.44%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ALSN. Citigroup dropped their price objective 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. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price target on Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Wells Fargo & Company upped their price objective on Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley increased their price objective 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. One investment 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $131.17.

Read Our Latest Stock Analysis on Allison Transmission

Institutional Trading of Allison Transmission

A number of hedge funds have recently bought and sold shares of ALSN. Inscription Capital LLC lifted its stake in shares of Allison Transmission by 0.7% during the 4th quarter. Inscription Capital LLC now owns 14,337 shares of the auto parts company’s stock worth $1,404,000 after purchasing an additional 95 shares during the period. Gamco Investors INC. ET AL lifted its position in Allison Transmission by 1.6% during the first quarter. Gamco Investors INC. ET AL now owns 6,473 shares of the auto parts company’s stock worth $758,000 after buying an additional 100 shares during the period. EverSource Wealth Advisors LLC lifted its position in Allison Transmission by 16.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 732 shares of the auto parts company’s stock worth $72,000 after buying an additional 105 shares during the period. Villanova Investment Management Co LLC boosted its stake in Allison Transmission by 0.4% in the 4th quarter. Villanova Investment Management Co LLC now owns 26,089 shares of the auto parts company’s stock worth $2,554,000 after buying an additional 106 shares during the last quarter. Finally, Xponance LLC boosted its stake in Allison Transmission by 2.0% in the 4th quarter. Xponance LLC now owns 5,535 shares of the auto parts company’s stock worth $542,000 after buying an additional 107 shares during the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

Allison Transmission Company Profile

(Get Free Report)

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.

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