Key Points
- SVP John Coll sold 1,791 shares on Dec. 31 at an average price of $98.79 for proceeds of $176,932.89, trimming his position by 15.16% to 10,021 shares (about $990k).
- Allison missed quarterly expectations, reporting $1.63 EPS versus $1.95 expected and $693M revenue (down 15.9% YoY), and pays a $0.27 quarterly dividend (annualized $1.08, ~1.1% yield).
- Analyst sentiment is mixed: the consensus rating is a Hold with a $95.13 target, though Raymond James has a $115 "strong-buy" target while other firms' targets range from $85–$90.
Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) SVP John Coll sold 1,791 shares of the company's stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total transaction 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. The trade was a 15.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Allison Transmission Price Performance
Shares of ALSN opened at $98.99 on Friday. The firm has a 50-day simple moving average of $90.13 and a two-hundred day simple moving average of $88.96. The stock 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 1-year low of $76.01 and a 1-year high of $121.81. The company has a debt-to-equity ratio of 1.30, a current ratio of 3.82 and a quick ratio of 3.06.
Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share for the quarter, missing analysts' consensus estimates of $1.95 by ($0.32). Allison Transmission had a return on equity of 40.46% and a net margin of 22.78%.The company had revenue of $693.00 million for the quarter, compared to analysts' expectations of $779.97 million. During the same period in the previous year, the business posted $2.27 EPS. The business's revenue for the quarter was down 15.9% on a year-over-year basis. As a group, analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.
Allison Transmission Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.1%. Allison Transmission's payout ratio is presently 13.24%.
Analysts Set New Price Targets
ALSN has been the subject of a number of research analyst reports. Raymond James Financial raised their target price on Allison Transmission from $110.00 to $115.00 and gave the company a "strong-buy" rating in a report on Monday, December 22nd. Wells Fargo & Company started coverage on shares of Allison Transmission in a research report on Thursday, November 13th. They set an "equal weight" rating and a $85.00 price target on the stock. Weiss Ratings cut shares of Allison Transmission from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, October 24th. Zacks Research raised shares of Allison Transmission from a "strong sell" rating to a "hold" rating in a research note on Friday, September 19th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Allison Transmission from $90.00 to $87.00 and set a "neutral" rating on the stock in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $95.13.
Check Out Our Latest Report on ALSN
Institutional Trading of Allison Transmission
Large investors have recently made changes to their positions in the company. Boston Partners raised its holdings in Allison Transmission by 117.6% in the third quarter. Boston Partners now owns 2,038,429 shares of the auto parts company's stock valued at $173,093,000 after acquiring an additional 1,101,824 shares in the last quarter. Norges Bank purchased a new stake in shares of Allison Transmission in the 2nd quarter valued at approximately $100,347,000. Qube Research & Technologies Ltd raised its holdings in shares of Allison Transmission by 128.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,215,897 shares of the auto parts company's stock valued at $115,498,000 after purchasing an additional 683,035 shares in the last quarter. UBS Group AG raised its holdings in shares of Allison Transmission by 222.2% in the 3rd quarter. UBS Group AG now owns 960,548 shares of the auto parts company's stock valued at $81,531,000 after purchasing an additional 662,458 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Allison Transmission by 35.7% during the 2nd quarter. Federated Hermes Inc. now owns 1,544,799 shares of the auto parts company's stock worth $146,740,000 after purchasing an additional 406,540 shares during the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.
Allison Transmission Company Profile
(
Get Free Report)
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.
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