Scott Mell Sells 2,270 Shares of Allison Transmission (NYSE:ALSN) Stock

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

Allison Transmission Trading Down 3.2%

Shares of NYSE ALSN opened at $119.77 on Wednesday. Allison Transmission Holdings, Inc. has a one year low of $76.01 and a one year high of $137.62. The firm has a market capitalization of $9.93 billion, a PE ratio of 18.63, a PEG ratio of 0.69 and a beta of 1.01. The company has a current ratio of 1.85, a quick ratio of 4.17 and a debt-to-equity ratio of 2.23. The business has a 50-day moving average price of $122.23 and a two-hundred day moving average price of $107.61.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data on Monday, May 4th. The auto parts company reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.47. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.38 billion. Allison Transmission had a return on equity of 37.50% and a net margin of 14.88%.The business’s quarterly revenue was up 83.6% compared to the same quarter last year. During the same period last year, the company posted $2.23 EPS. As a group, analysts predict that Allison Transmission Holdings, Inc. will post 9.52 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Monday, May 18th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, May 18th. Allison Transmission’s payout ratio is currently 18.04%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Weiss Ratings upgraded Allison Transmission from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 7th. Citigroup lifted their price target on Allison Transmission from $130.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Morgan Stanley lifted their price target on Allison Transmission from $109.00 to $117.00 and gave the company an “equal weight” rating in a report on Monday, March 16th. Zacks Research lowered Allison Transmission from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 24th. Finally, Oppenheimer raised their price objective on Allison Transmission from $115.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Allison Transmission has an average rating of “Hold” and a consensus target price of $115.38.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Cassaday & Co Wealth Management LLC bought a new position in Allison Transmission in the 1st quarter worth approximately $28,000. Florida Financial Advisors LLC bought a new position in Allison Transmission in the 1st quarter worth approximately $322,000. KBC Group NV increased its position in Allison Transmission by 11.9% in the 1st quarter. KBC Group NV now owns 2,770 shares of the auto parts company’s stock worth $324,000 after buying an additional 294 shares during the period. California Public Employees Retirement System increased its position in Allison Transmission by 4.5% in the 1st quarter. California Public Employees Retirement System now owns 177,921 shares of the auto parts company’s stock worth $20,827,000 after buying an additional 7,643 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new position in Allison Transmission in the 1st quarter worth approximately $1,850,000. 96.90% of the stock is owned by 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.