David S. Graziosi Sells 5,326 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) Stock

Allison Transmission Holdings, Inc. (NYSE:ALSN) CEO David S. Graziosi sold 5,326 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $120.12, for a total value of $639,759.12. Following the completion of the sale, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at $20,280,219.96. The trade was a 3.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Allison Transmission Trading Down 0.1 %

NYSE ALSN opened at $118.50 on Friday. The company has a quick ratio of 2.25, a current ratio of 2.83 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $10.26 billion, a P/E ratio of 14.43, a P/E/G ratio of 2.11 and a beta of 0.98. Allison Transmission Holdings, Inc. has a 52-week low of $53.12 and a 52-week high of $122.53. The firm has a 50-day moving average price of $106.18 and a 200 day moving average price of $89.87.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, beating the consensus estimate of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The business had revenue of $824.00 million during the quarter, compared to analysts’ expectations of $790.08 million. During the same period last year, the firm earned $1.76 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. Equities research analysts expect that Allison Transmission Holdings, Inc. will post 8.21 EPS for the current year.

Allison Transmission Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, November 18th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.84%. Allison Transmission’s dividend payout ratio (DPR) is presently 12.18%.

Wall Street Analyst Weigh In

ALSN has been the subject of a number of research reports. Robert W. Baird boosted their price objective on Allison Transmission from $103.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Bank of America lifted their price objective on shares of Allison Transmission from $67.00 to $77.00 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. The Goldman Sachs Group increased their target price on shares of Allison Transmission from $72.00 to $82.00 and gave the stock a “sell” rating in a research note on Friday, November 1st. Finally, Citigroup boosted their price target on Allison Transmission from $115.00 to $125.00 and gave the company a “neutral” rating in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $94.25.

Institutional Trading of Allison Transmission

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC grew its position in Allison Transmission by 24.3% during the third quarter. FMR LLC now owns 12,745,697 shares of the auto parts company’s stock worth $1,224,479,000 after buying an additional 2,493,310 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Allison Transmission by 1.1% in the 2nd quarter. Renaissance Technologies LLC now owns 3,522,519 shares of the auto parts company’s stock worth $267,359,000 after acquiring an additional 39,700 shares during the period. Geode Capital Management LLC increased its stake in Allison Transmission by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,961,834 shares of the auto parts company’s stock valued at $188,511,000 after purchasing an additional 79,506 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Allison Transmission by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,893,618 shares of the auto parts company’s stock worth $143,716,000 after buying an additional 41,168 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Allison Transmission by 0.8% in the 3rd quarter. State Street Corp now owns 1,682,076 shares of the auto parts company’s stock worth $161,597,000 after buying an additional 13,252 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.