Allison Transmission Holdings, Inc. (NYSE:ALSN) CEO David S. Graziosi Sells 11,590 Shares

Allison Transmission Holdings, Inc. (NYSE:ALSN) CEO David S. Graziosi sold 11,590 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $119.44, for a total transaction of $1,384,309.60. Following the completion of the sale, the chief executive officer now owns 168,833 shares in the company, valued at $20,165,413.52. The trade was a 6.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Allison Transmission Price Performance

NYSE ALSN traded down $1.74 during trading hours on Monday, hitting $116.76. 557,120 shares of the company’s stock traded hands, compared to its average volume of 612,297. Allison Transmission Holdings, Inc. has a 52-week low of $54.06 and a 52-week high of $122.53. The company has a market capitalization of $10.11 billion, a PE ratio of 14.43, a PEG ratio of 2.11 and a beta of 0.98. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. The firm’s 50-day moving average is $106.18 and its 200-day moving average is $90.08.

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

Allison Transmission Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 18th were issued a $0.25 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.00 annualized dividend and a yield of 0.86%. Allison Transmission’s payout ratio is 12.18%.

Hedge Funds Weigh In On Allison Transmission

Institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP lifted its holdings in shares of Allison Transmission by 46.7% in the 3rd quarter. Quarry LP now owns 358 shares of the auto parts company’s stock worth $34,000 after acquiring an additional 114 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Allison Transmission by 1,200.0% in the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after acquiring an additional 336 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in shares of Allison Transmission in the 2nd quarter worth approximately $33,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Allison Transmission in the 3rd quarter worth approximately $67,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Allison Transmission by 27.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 744 shares of the auto parts company’s stock worth $71,000 after acquiring an additional 162 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Oppenheimer increased their price target on Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Citigroup upped their price target on Allison Transmission from $115.00 to $125.00 and gave the stock a “neutral” rating in a report on Wednesday, November 20th. Bank of America lifted their price target 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. JPMorgan Chase & Co. upped their price objective on shares of Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, October 11th. Finally, StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $94.25.

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.