Key Points
- CEO David Graziosi sold 26,708 Allison Transmission shares at an average price of $132.97, generating approximately $3.55 million. His remaining stake fell 8.06% to 304,843 shares.
- Allison reported strong quarterly results, with EPS of $2.73 beating estimates of $2.48 and revenue rising 92.4% year over year to $1.57 billion.
- The company declared a quarterly dividend of $0.29 per share, equivalent to an annualized $1.16 payout and a 0.9% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $131.17.
Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) CEO David Graziosi sold 26,708 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $132.97, for a total transaction of $3,551,362.76. Following the transaction, the chief executive officer owned 304,843 shares of the company's stock, valued at approximately $40,534,973.71. This represents a 8.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Allison Transmission Stock Performance
Shares of NYSE ALSN opened at $131.74 on Wednesday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81. The company has a market cap of $10.88 billion, a P/E ratio of 20.94, a P/E/G ratio of 0.70 and a beta of 0.95. The firm's fifty day moving average is $119.58 and its two-hundred day moving average is $119.57. Allison Transmission Holdings, Inc. has a 52-week low of $76.01 and a 52-week high of $137.62.
Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.48 by $0.25. Allison Transmission had a net margin of 12.02% and a return on equity of 38.18%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm earned $2.29 EPS. The business's revenue was up 92.4% on a year-over-year basis. As a group, analysts anticipate that Allison Transmission Holdings, Inc. will post 9.94 EPS for the current fiscal year.
Allison Transmission Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Friday, August 21st will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. Allison Transmission's payout ratio is currently 18.44%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Allison Transmission from $140.00 to $145.00 and gave the company a "neutral" rating in a report on Monday, July 13th. Citigroup decreased their price objective on Allison Transmission from $135.00 to $125.00 and set a "neutral" rating on the stock in a report on Tuesday, July 14th. Weiss Ratings upgraded Allison Transmission from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Morgan Stanley raised their target price on shares of Allison Transmission from $126.00 to $130.00 and gave the company an "equal weight" rating in a report on Friday, July 17th. Finally, Wells Fargo & Company boosted their price target on shares of Allison Transmission from $127.00 to $137.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $131.17.
Read Our Latest Stock Report on Allison Transmission
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of ALSN. California State Teachers Retirement System raised its stake in shares of Allison Transmission by 11,064.0% in the second quarter. California State Teachers Retirement System now owns 10,883,356 shares of the auto parts company's stock valued at $1,226,990,000 after acquiring an additional 10,785,870 shares during the period. BlackRock Inc. bought a new position in Allison Transmission during the 2nd quarter valued at about $448,232,000. Bank of Montreal Can raised its position in Allison Transmission by 4,032.3% in the 4th quarter. Bank of Montreal Can now owns 2,151,871 shares of the auto parts company's stock worth $210,668,000 after purchasing an additional 2,099,797 shares during the period. Stockbridge Partners LLC purchased a new stake in Allison Transmission in the 2nd quarter worth about $169,108,000. Finally, Norges Bank bought a new stake in Allison Transmission in the fourth quarter worth about $115,674,000. 96.90% of the stock is owned by hedge funds and other institutional investors.
About Allison Transmission
(
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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