Rafael Basso Sells 12,624 Shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) Stock

Allison Transmission Holdings, Inc. (NYSE:ALSNGet Free Report) VP Rafael Basso sold 12,624 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total value of $940,235.52. Following the completion of the sale, the vice president now owns 4,624 shares in the company, valued at approximately $344,395.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Allison Transmission Price Performance

ALSN opened at $75.81 on Friday. Allison Transmission Holdings, Inc. has a 12-month low of $47.23 and a 12-month high of $83.42. The business’s fifty day simple moving average is $77.88 and its 200-day simple moving average is $67.93. The company has a market capitalization of $6.63 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 1.40 and a beta of 1.04. The company has a current ratio of 2.51, a quick ratio of 1.95 and a debt-to-equity ratio of 1.79.

Allison Transmission (NYSE:ALSNGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.01. Allison Transmission had a return on equity of 55.83% and a net margin of 21.80%. The company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $772.37 million. During the same quarter last year, the company earned $1.85 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Allison Transmission Holdings, Inc. will post 7.56 earnings per share for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Friday, May 17th. Allison Transmission’s payout ratio is currently 13.35%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. JPMorgan Chase & Co. increased their target price on Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. StockNews.com lowered Allison Transmission from a “strong-buy” rating to a “buy” rating in a research note on Thursday. The Goldman Sachs Group increased their target price on Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research note on Tuesday, April 16th. Robert W. Baird increased their price target on Allison Transmission from $84.00 to $87.00 and gave the stock a “neutral” rating in a research report on Friday, April 26th. Finally, Oppenheimer increased their price target on Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $71.71.

Check Out Our Latest Research Report on ALSN

Institutional Investors Weigh In On Allison Transmission

A number of institutional investors have recently added to or reduced their stakes in the stock. Legacy Financial Advisors Inc. boosted its position in Allison Transmission by 2.7% during the fourth quarter. Legacy Financial Advisors Inc. now owns 6,813 shares of the auto parts company’s stock valued at $396,000 after purchasing an additional 180 shares in the last quarter. Quent Capital LLC boosted its holdings in Allison Transmission by 42.3% in the fourth quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock worth $41,000 after acquiring an additional 210 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Allison Transmission by 0.6% in the third quarter. Victory Capital Management Inc. now owns 36,447 shares of the auto parts company’s stock worth $2,153,000 after acquiring an additional 211 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Allison Transmission by 20.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company’s stock worth $71,000 after acquiring an additional 212 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in Allison Transmission by 4.9% in the first quarter. Oppenheimer & Co. Inc. now owns 5,512 shares of the auto parts company’s stock worth $447,000 after acquiring an additional 255 shares in the last quarter. Institutional investors own 96.90% of the company’s stock.

About Allison Transmission

(Get Free Report)

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.

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Insider Buying and Selling by Quarter for Allison Transmission (NYSE:ALSN)

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