Eric C. Scroggins Sells 4,761 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) Stock

Allison Transmission Holdings, Inc. (NYSE:ALSNGet Rating) VP Eric C. Scroggins sold 4,761 shares of the company’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $43.35, for a total value of $206,389.35. Following the sale, the vice president now owns 16,807 shares of the company’s stock, valued at $728,583.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Allison Transmission Stock Up 0.2 %

Shares of NYSE:ALSN opened at $41.63 on Friday. The firm has a market cap of $3.85 billion, a P/E ratio of 8.07, a P/E/G ratio of 1.05 and a beta of 1.01. The company has a quick ratio of 1.26, a current ratio of 1.72 and a debt-to-equity ratio of 3.28. Allison Transmission Holdings, Inc. has a 12-month low of $32.63 and a 12-month high of $45.33. The business has a fifty day simple moving average of $42.94 and a 200 day simple moving average of $39.60.

Allison Transmission (NYSE:ALSNGet Rating) last issued its quarterly earnings results on Wednesday, October 26th. The auto parts company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.14. Allison Transmission had a return on equity of 71.96% and a net margin of 18.85%. The firm had revenue of $710.00 million during the quarter, compared to the consensus estimate of $681.87 million. During the same period last year, the business posted $0.89 EPS. The business’s revenue was up 25.2% compared to the same quarter last year. Analysts predict that Allison Transmission Holdings, Inc. will post 5.21 earnings per share for the current year.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 30th. Shareholders of record on Monday, November 21st were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 18th. This represents a $0.84 dividend on an annualized basis and a yield of 2.02%. Allison Transmission’s payout ratio is currently 16.28%.

Analyst Ratings Changes

Several equities research analysts have weighed in on ALSN shares. The Goldman Sachs Group cut their target price on Allison Transmission from $37.00 to $32.00 and set a “sell” rating for the company in a research note on Friday, October 14th. Morgan Stanley increased their price target on Allison Transmission from $33.00 to $36.00 and gave the company an “underweight” rating in a research note on Wednesday, December 14th. StockNews.com assumed coverage on Allison Transmission in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. Credit Suisse Group increased their price target on Allison Transmission from $44.00 to $49.00 and gave the company a “neutral” rating in a research note on Friday, October 28th. Finally, Citigroup increased their price target on Allison Transmission to $44.00 in a research note on Tuesday, November 1st. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $40.00.

Institutional Trading of Allison Transmission

Large investors have recently bought and sold shares of the business. AMI Investment Management Inc. grew its stake in shares of Allison Transmission by 7.1% in the 1st quarter. AMI Investment Management Inc. now owns 97,189 shares of the auto parts company’s stock valued at $3,816,000 after buying an additional 6,438 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Allison Transmission by 5.1% in the 1st quarter. JPMorgan Chase & Co. now owns 334,703 shares of the auto parts company’s stock valued at $13,140,000 after buying an additional 16,209 shares during the period. Raymond James & Associates grew its stake in shares of Allison Transmission by 267.3% in the 1st quarter. Raymond James & Associates now owns 33,711 shares of the auto parts company’s stock valued at $1,323,000 after buying an additional 24,534 shares during the period. Citigroup Inc. grew its stake in shares of Allison Transmission by 1.5% in the 1st quarter. Citigroup Inc. now owns 74,855 shares of the auto parts company’s stock valued at $2,938,000 after buying an additional 1,127 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of Allison Transmission by 31.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,096 shares of the auto parts company’s stock valued at $514,000 after buying an additional 3,142 shares during the period. 99.89% of the stock is currently owned by institutional investors and hedge funds.

About Allison Transmission

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Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical U.S. defense vehicles worldwide. It offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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