Key Points
- Insider sale: Allison Transmission insider Eric Scroggins sold 1,313 shares at an average price of $114.40 for $150,207, trimming his stake by 6.92% to 17,654 shares (≈$2.02M).
- Dividend increase: The company raised its quarterly dividend to $0.29 from $0.27 (annualized $1.16, yield ~1.0%); the record/ex-dividend date was March 9 and the payment date is March 20.
- Analyst views: Multiple brokers raised price targets (e.g., Citigroup to $130, Oppenheimer to $135), but the consensus rating remains a "Hold" with an average target of $111.11.
Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) insider Eric Scroggins sold 1,313 shares of the business's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $114.40, for a total transaction of $150,207.20. Following the completion of the sale, the insider owned 17,654 shares of the company's stock, valued at approximately $2,019,617.60. This represents a 6.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Allison Transmission Price Performance
NYSE ALSN opened at $114.57 on Wednesday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 4.17 and a current ratio of 4.85. The firm's 50 day moving average price is $112.83 and its 200-day moving average price is $96.60. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $128.85. The company has a market cap of $9.49 billion, a PE ratio of 15.63, a P/E/G ratio of 0.77 and a beta of 0.96.
Allison Transmission Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Monday, March 9th will be issued a dividend of $0.29 per share. This is an increase from Allison Transmission's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Monday, March 9th. Allison Transmission's dividend payout ratio (DPR) is currently 15.83%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on ALSN. Citigroup lifted their price target on Allison Transmission from $110.00 to $130.00 and gave the company a "neutral" rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. raised their price objective on Allison Transmission from $87.00 to $115.00 and gave the company a "neutral" rating in a research report on Wednesday, January 14th. Weiss Ratings downgraded shares of Allison Transmission from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, February 25th. Wells Fargo & Company increased their price target on shares of Allison Transmission from $98.00 to $127.00 and gave the company an "equal weight" rating in a research report on Thursday, February 26th. Finally, Oppenheimer raised their price target on shares of Allison Transmission from $115.00 to $135.00 and gave the company an "outperform" rating in a report on Tuesday, February 24th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $111.11.
Get Our Latest Stock Analysis on Allison Transmission
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Inscription Capital LLC raised its stake in Allison Transmission by 0.7% in the fourth quarter. Inscription Capital LLC now owns 14,337 shares of the auto parts company's stock valued at $1,404,000 after buying an additional 95 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Allison Transmission by 16.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 732 shares of the auto parts company's stock worth $72,000 after acquiring an additional 105 shares during the last quarter. Villanova Investment Management Co LLC increased its holdings in shares of Allison Transmission by 0.4% during the fourth quarter. Villanova Investment Management Co LLC now owns 26,089 shares of the auto parts company's stock valued at $2,554,000 after acquiring an additional 106 shares in the last quarter. Xponance LLC raised its position in shares of Allison Transmission by 2.0% in the 4th quarter. Xponance LLC now owns 5,535 shares of the auto parts company's stock valued at $542,000 after purchasing an additional 107 shares during the last quarter. Finally, Kathmere Capital Management LLC boosted its stake in Allison Transmission by 4.6% in the 4th quarter. Kathmere Capital Management LLC now owns 2,643 shares of the auto parts company's stock worth $259,000 after purchasing an additional 116 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.
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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