Allison Transmission (NYSE:ALSN) SVP John Coll Sells 1,791 Shares

Allison Transmission Holdings, Inc. (NYSE:ALSN) SVP John Coll sold 1,791 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total value of $176,932.89. Following the completion of the transaction, the senior vice president directly owned 10,021 shares in the company, valued at $989,974.59. This trade represents a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Allison Transmission Trading Up 1.1%

NYSE:ALSN opened at $98.99 on Friday. The company has a market cap of $8.24 billion, a PE ratio of 12.13 and a beta of 0.99. Allison Transmission Holdings, Inc. has a 12 month low of $76.01 and a 12 month high of $121.81. The company has a current ratio of 3.82, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30. The company has a 50 day simple moving average of $90.13 and a two-hundred day simple moving average of $88.96.

Allison Transmission (NYSE:ALSN) last announced its earnings results on Wednesday, October 29th. The auto parts company reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.95 by ($0.32). The business had revenue of $693.00 million for the quarter, compared to analysts’ expectations of $779.97 million. Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. The firm’s quarterly revenue was down 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.27 earnings per share. Research analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 earnings per share for the current year.

Allison Transmission Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were given a $0.27 dividend. The ex-dividend date was Friday, November 21st. This represents a $1.08 dividend on an annualized basis and a yield of 1.1%. Allison Transmission’s dividend payout ratio (DPR) is currently 13.24%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ALSN shares. Citigroup boosted their target price on shares of Allison Transmission from $100.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Raymond James Financial lifted their target price on Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a research note on Monday, December 22nd. Wells Fargo & Company initiated coverage on shares of Allison Transmission in a report on Thursday, November 13th. They set an “equal weight” rating and a $85.00 price objective on the stock. Zacks Research raised shares of Allison Transmission from a “strong sell” rating to a “hold” rating in a research report on Friday, September 19th. Finally, Weiss Ratings cut Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $95.13.

Hedge Funds Weigh In On Allison Transmission

A number of institutional investors have recently added to or reduced their stakes in ALSN. Rossby Financial LCC raised its stake in Allison Transmission by 107.0% during the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock worth $25,000 after purchasing an additional 153 shares during the period. Trust Co. of Toledo NA OH purchased a new stake in shares of Allison Transmission in the 2nd quarter valued at approximately $28,000. Cullen Frost Bankers Inc. increased its holdings in shares of Allison Transmission by 3,108.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock worth $37,000 after buying an additional 373 shares during the last quarter. Employees Retirement System of Texas purchased a new stake in shares of Allison Transmission during the 2nd quarter valued at approximately $38,000. Finally, True Wealth Design LLC lifted its holdings in Allison Transmission by 93.2% in the third quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

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.