Allison Transmission (NYSE:ALSN) Insider Eric Scroggins Sells 1,050 Shares of Stock

Key Points

• Insider sale: Eric Scroggins sold 1,050 Allison Transmission shares for $131,250, reducing his direct ownership by 5.95% to 16,604 shares.
• Strong quarterly results: Allison reported quarterly EPS of $2.73, exceeding estimates of $2.48, while revenue rose 92.4% year over year to $1.57 billion.
• Stock and outlook: ALSN recently traded near $122.97, while analysts maintained an overall “Moderate Buy” rating with an average price target of $131.17. The company also declared a $0.29 quarterly dividend, yielding about 0.9% annually.

Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) insider Eric Scroggins sold 1,050 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $125.00, for a total value of $131,250.00. Following the sale, the insider directly owned 16,604 shares of the company's stock, valued at approximately $2,075,500. This represents a 5.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Allison Transmission Trading Down 0.5%

ALSN traded down $0.63 during trading on Thursday, reaching $122.97. The company had a trading volume of 400,584 shares, compared to its average volume of 976,057. The firm's 50-day simple moving average is $117.63 and its 200 day simple moving average is $118.48. The company has a market cap of $10.15 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 0.67 and a beta of 0.95. Allison Transmission Holdings, Inc. has a 12-month low of $76.01 and a 12-month high of $137.62. The company has a debt-to-equity ratio of 2.07, a quick ratio of 1.17 and a current ratio of 1.81.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The auto parts company reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.48 by $0.25. Allison Transmission had a return on equity of 38.18% and a net margin of 12.02%.The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company earned $2.29 EPS. The business's revenue for the quarter was up 92.4% compared to the same quarter last year. Equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.94 earnings per share for the current year.

Allison Transmission Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Friday, August 21st will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, August 21st. Allison Transmission's payout ratio is 18.44%.

Analyst Ratings Changes

Several brokerages have recently commented on ALSN. Weiss Ratings raised Allison Transmission from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday. Wells Fargo & Company upped their price target on Allison Transmission from $127.00 to $137.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 6th. Morgan Stanley increased their price objective on Allison Transmission from $126.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Friday, July 17th. JPMorgan Chase & Co. raised their price objective on Allison Transmission from $140.00 to $145.00 and gave the stock a "neutral" rating in a research report on Monday, July 13th. Finally, Citigroup lowered their target price on Allison Transmission from $135.00 to $125.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $131.17.

Institutional Investors Weigh In On Allison Transmission

Institutional investors have recently modified their holdings of the stock. Inscription Capital LLC raised its position in shares of Allison Transmission by 0.7% during the fourth quarter. Inscription Capital LLC now owns 14,337 shares of the auto parts company's stock worth $1,404,000 after purchasing an additional 95 shares during the period. Gamco Investors INC. ET AL grew its position in shares of Allison Transmission by 1.6% in the 1st quarter. Gamco Investors INC. ET AL now owns 6,473 shares of the auto parts company's stock valued at $758,000 after purchasing an additional 100 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Allison Transmission by 16.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 732 shares of the auto parts company's stock valued at $72,000 after purchasing an additional 105 shares during the period. Villanova Investment Management Co LLC increased its stake in Allison Transmission by 0.4% during the 4th quarter. Villanova Investment Management Co LLC now owns 26,089 shares of the auto parts company's stock worth $2,554,000 after purchasing an additional 106 shares in the last quarter. Finally, Xponance LLC raised its holdings in Allison Transmission by 2.0% during the 4th quarter. Xponance LLC now owns 5,535 shares of the auto parts company's stock worth $542,000 after buying an additional 107 shares during the period. Institutional investors and hedge funds own 96.90% of the company's stock.

Allison Transmission Company Profile

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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