Allison Transmission Holdings, Inc. (NYSE:ALSN – Get Free Report) CEO David Graziosi sold 26,708 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $132.97, for a total value of $3,551,362.76. Following the completion of the sale, the chief executive officer directly owned 304,843 shares in the company, valued at approximately $40,534,973.71. The trade was a 8.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Allison Transmission Price Performance
Allison Transmission stock traded up $0.36 during mid-day trading on Tuesday, hitting $131.74. 842,998 shares of the company were exchanged, compared to its average volume of 867,647. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $137.62. The company has a market capitalization of $10.88 billion, a P/E ratio of 20.94, a PEG ratio of 0.70 and a beta of 0.95. The business’s 50 day simple moving average is $119.58 and its two-hundred day simple moving average is $119.57. 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:ALSN – Get Free Report) last announced its earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.25. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.50 billion. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The firm’s revenue for the quarter was up 92.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.29 EPS. Analysts forecast that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current fiscal year.
Allison Transmission Dividend Announcement
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Millstone Evans Group LLC acquired a new position in Allison Transmission in the 1st quarter worth $26,000. Cedar Mountain Advisors LLC acquired a new stake in shares of Allison Transmission during the first quarter valued at about $27,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Allison Transmission during the first quarter worth about $28,000. Larson Financial Group LLC increased its position in shares of Allison Transmission by 536.7% during the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company’s stock worth $31,000 after acquiring an additional 263 shares during the last quarter. Finally, Transamerica Financial Advisors LLC lifted its stake in shares of Allison Transmission by 2,112.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 354 shares of the auto parts company’s stock worth $35,000 after acquiring an additional 338 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
ALSN has been the subject of a number of research reports. Morgan Stanley boosted 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. JPMorgan Chase & Co. increased their price objective on shares of Allison Transmission from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 13th. Citigroup cut their target price on shares of Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 14th. 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 report on Wednesday, May 6th. Finally, Weiss Ratings raised shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.17.
Get Our Latest Stock Report on ALSN
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.
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