Insider Selling: Allison Transmission (NYSE:ALSN) CFO Sells 2,270 Shares of Stock

Allison Transmission Holdings, Inc. (NYSE:ALSN) CFO Scott Mell sold 2,270 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $125.00, for a total transaction of $283,750.00. Following the transaction, the chief financial officer directly owned 1,053 shares of the company’s stock, valued at $131,625. This represents a 68.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Allison Transmission Stock Performance

Shares of Allison Transmission stock traded down $0.34 on Monday, reaching $123.84. 696,879 shares of the company traded hands, compared to its average volume of 869,560. Allison Transmission Holdings, Inc. has a 52 week low of $76.01 and a 52 week high of $137.62. The company has a 50 day moving average of $122.33 and a 200 day moving average of $106.76. The firm has a market capitalization of $10.29 billion, a PE ratio of 19.26, a PEG ratio of 0.70 and a beta of 1.01. The company has a debt-to-equity ratio of 1.55, a current ratio of 4.85 and a quick ratio of 4.17.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.47. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.38 billion. Allison Transmission had a net margin of 14.88% and a return on equity of 37.93%. Allison Transmission’s revenue was up 83.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.23 EPS. Equities analysts forecast that Allison Transmission Holdings, Inc. will post 9.52 earnings per share for the current year.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Monday, May 18th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Monday, May 18th. Allison Transmission’s dividend payout ratio is presently 18.04%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ALSN. JPMorgan Chase & Co. upped their price target on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Wells Fargo & Company upped their price target on shares of Allison Transmission from $127.00 to $137.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Weiss Ratings upgraded shares of Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Zacks Research cut shares of Allison Transmission from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 24th. Finally, Morgan Stanley upped their price target on shares of Allison Transmission from $109.00 to $117.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $115.38.

Institutional Trading of Allison Transmission

Institutional investors and hedge funds have recently bought and sold shares of the company. Chicago Partners Investment Group LLC purchased a new stake in Allison Transmission in the 3rd quarter worth approximately $614,000. Caprock Group LLC lifted its stake in Allison Transmission by 191.5% in the 4th quarter. Caprock Group LLC now owns 26,051 shares of the auto parts company’s stock worth $2,550,000 after purchasing an additional 17,114 shares in the last quarter. Alps Advisors Inc. purchased a new stake in Allison Transmission in the 3rd quarter worth approximately $14,175,000. Y Intercept Hong Kong Ltd raised its position in shares of Allison Transmission by 224.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 74,778 shares of the auto parts company’s stock valued at $6,347,000 after buying an additional 51,737 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Allison Transmission by 6.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 377,739 shares of the auto parts company’s stock valued at $32,063,000 after buying an additional 23,025 shares in the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

About Allison Transmission

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.