Allison Transmission (NYSE:ALSN) CEO David Graziosi Sells 26,708 Shares
by Sarita Garza · The Markets DailyAllison Transmission Holdings, Inc. (NYSE:ALSN – Get Free Report) CEO David Graziosi sold 26,708 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $132.97, for a total transaction of $3,551,362.76. Following the sale, the chief executive officer directly owned 304,843 shares of the company’s stock, valued at $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 accessible through this link.
Allison Transmission Stock Up 0.3%
NYSE ALSN traded up $0.36 during trading hours on Tuesday, reaching $131.74. 842,998 shares of the company traded hands, compared to its average volume of 867,647. The stock has a market capitalization of $10.88 billion, a PE ratio of 20.94, a PEG ratio of 0.70 and a beta of 0.95. The company has a current ratio of 1.81, a quick ratio of 1.17 and a debt-to-equity ratio of 2.07. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $137.62. The company has a 50 day moving average of $119.58 and a two-hundred day moving average of $119.57.
Allison Transmission (NYSE:ALSN – Get Free Report) last issued its earnings results on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.48 by $0.25. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the business posted $2.29 EPS. The company’s revenue for the quarter was up 92.4% on a year-over-year basis. As a group, equities analysts expect that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current year.
Allison Transmission Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 21st will be given a $0.29 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.16 annualized dividend and a dividend yield of 0.9%. Allison Transmission’s dividend payout ratio (DPR) is presently 18.44%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. California State Teachers Retirement System raised its stake in shares of Allison Transmission by 11,064.0% during the second quarter. California State Teachers Retirement System now owns 10,883,356 shares of the auto parts company’s stock valued at $1,226,990,000 after purchasing an additional 10,785,870 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Allison Transmission during the 2nd quarter worth about $448,232,000. Fuller & Thaler Asset Management Inc. lifted its stake in shares of Allison Transmission by 16.4% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 3,313,661 shares of the auto parts company’s stock worth $324,407,000 after acquiring an additional 466,366 shares during the period. Boston Partners boosted its holdings in shares of Allison Transmission by 13.6% in the fourth quarter. Boston Partners now owns 2,316,240 shares of the auto parts company’s stock valued at $226,879,000 after acquiring an additional 277,811 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in shares of Allison Transmission by 4,032.3% during the fourth quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company’s stock valued at $210,668,000 after acquiring an additional 2,099,797 shares during the period. 96.90% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have commented on ALSN. Morgan Stanley lifted their price objective on shares of Allison Transmission from $126.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, July 17th. 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. 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 note on Monday, July 13th. Wells Fargo & Company lifted their target price on Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Finally, Citigroup dropped their price target on Allison Transmission from $135.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. 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 stock. According to MarketBeat.com, Allison Transmission currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.17.
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.