Key Points
- Allison Transmission CFO Scott Mell sold 2,270 shares on May 8 at an average price of $125.00, for total proceeds of $283,750. After the sale, he retained 1,053 shares, cutting his ownership by 68.31%.
- The company reported stronger-than-expected quarterly results on May 4, with EPS of $2.57 versus the $2.10 consensus and revenue of $1.41 billion versus $1.38 billion expected. Revenue rose 83.6% year over year.
- Allison Transmission also announced a quarterly dividend of $0.29 per share, payable May 29, implying an annualized yield of 0.9%. The payout ratio is 18.04%.
Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) CFO Scott Mell sold 2,270 shares of Allison Transmission stock in a transaction dated Friday, May 8th. The stock was 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Allison Transmission Stock Down 0.3%
NYSE:ALSN opened at $123.84 on Tuesday. The company has a market capitalization of $10.27 billion, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 0.70 and a beta of 1.01. Allison Transmission Holdings, Inc. has a one year low of $76.01 and a one year high of $137.62. The stock has a 50-day simple moving average of $122.34 and a 200 day simple moving average of $107.35. The company has a debt-to-equity ratio of 1.55, a quick ratio of 4.17 and a current ratio of 4.85.
Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.38 billion. Allison Transmission had a return on equity of 37.93% and a net margin of 14.88%.The company's revenue for the quarter was up 83.6% compared to the same quarter last year. During the same period last year, the firm earned $2.23 earnings per share. Sell-side analysts predict that Allison Transmission Holdings, Inc. will post 9.52 EPS for the current fiscal year.
Allison Transmission Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 18th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, May 18th. Allison Transmission's payout ratio is presently 18.04%.
Analyst Ratings Changes
A number of equities analysts have commented on ALSN shares. Zacks Research downgraded Allison Transmission from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 24th. Wells Fargo & Company lifted their target price on Allison Transmission from $127.00 to $137.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 6th. Citigroup lifted their target price on Allison Transmission from $130.00 to $135.00 and gave the company a "neutral" rating in a research note on Monday, April 13th. Weiss Ratings raised Allison Transmission from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday. Finally, Oppenheimer lifted their price target on Allison Transmission from $115.00 to $135.00 and gave the company an "outperform" rating in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $115.38.
View Our Latest Stock Analysis on ALSN
Institutional Investors Weigh In On Allison Transmission
Hedge funds have recently made changes to their positions in the business. Rossby Financial LCC raised its holdings in shares of Allison Transmission by 107.0% during the third quarter. Rossby Financial LCC now owns 296 shares of the auto parts company's stock valued at $25,000 after buying an additional 153 shares during the last quarter. Millstone Evans Group LLC bought a new stake in shares of Allison Transmission during the first quarter valued at approximately $26,000. Cedar Mountain Advisors LLC bought a new stake in shares of Allison Transmission during the first quarter valued at approximately $27,000. Cassaday & Co Wealth Management LLC bought a new stake in shares of Allison Transmission during the first quarter valued at approximately $28,000. Finally, Larson Financial Group LLC raised its holdings in shares of Allison Transmission by 536.7% during the fourth quarter. Larson Financial Group LLC now owns 312 shares of the auto parts company's stock valued at $31,000 after buying an additional 263 shares during the last quarter. Institutional investors own 96.90% of the company's stock.
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
