Allison Transmission Holdings, Inc. (NYSE:ALSN) Short Interest Update

Allison Transmission Holdings, Inc. (NYSE:ALSN) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 1,410,000 shares, a decline of 6.0% from the May 31st total of 1,500,000 shares. Based on an average trading volume of 597,900 shares, the short-interest ratio is presently 2.4 days. Currently, 1.6% of the shares of the company are short sold.

Allison Transmission Stock Performance

Allison Transmission stock opened at $75.97 on Thursday. The company’s 50-day moving average price is $75.00 and its 200-day moving average price is $71.10. Allison Transmission has a twelve month low of $50.13 and a twelve month high of $83.42. The company has a quick ratio of 1.95, a current ratio of 2.51 and a debt-to-equity ratio of 1.79. The company has a market cap of $6.65 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 1.41 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last posted its earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. Allison Transmission had a net margin of 21.80% and a return on equity of 55.83%. The firm had revenue of $789.00 million for the quarter, compared to the consensus estimate of $772.37 million. During the same period in the previous year, the firm posted $1.85 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities research analysts forecast that Allison Transmission will post 7.56 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

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

Insider Activity

In other news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $75.06, for a total transaction of $150,120.00. Following the completion of the sale, the senior vice president now owns 14,420 shares of the company’s stock, valued at approximately $1,082,365.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, VP Rafael Basso sold 12,624 shares of Allison Transmission stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $74.48, for a total transaction of $940,235.52. Following the transaction, the vice president now owns 4,624 shares in the company, valued at approximately $344,395.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction on Friday, June 28th. The shares were sold at an average price of $75.06, for a total transaction of $150,120.00. Following the transaction, the senior vice president now owns 14,420 shares in the company, valued at approximately $1,082,365.20. The disclosure for this sale can be found here. Insiders own 0.93% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

Hedge funds have recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. grew its holdings in Allison Transmission by 256.6% during the 4th quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock valued at $34,000 after purchasing an additional 426 shares during the last quarter. Quent Capital LLC grew its holdings in Allison Transmission by 42.3% during the 4th quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock valued at $41,000 after purchasing an additional 210 shares during the last quarter. TFO Wealth Partners LLC grew its holdings in Allison Transmission by 8,975.0% during the 4th quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock valued at $42,000 after purchasing an additional 718 shares during the last quarter. Covestor Ltd grew its holdings in Allison Transmission by 307.2% during the 1st quarter. Covestor Ltd now owns 965 shares of the auto parts company’s stock valued at $78,000 after purchasing an additional 728 shares during the last quarter. Finally, Headlands Technologies LLC grew its holdings in Allison Transmission by 237.4% during the 4th quarter. Headlands Technologies LLC now owns 1,110 shares of the auto parts company’s stock valued at $65,000 after purchasing an additional 781 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Raymond James assumed coverage on shares of Allison Transmission in a research note on Friday, June 28th. They issued an “outperform” rating and a $85.00 price target on the stock. StockNews.com upgraded shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 7th. JPMorgan Chase & Co. boosted their price target on shares of Allison Transmission from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Finally, Oppenheimer boosted their price target on shares of Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Allison Transmission has an average rating of “Hold” and a consensus target price of $75.25.

Allison Transmission Company Profile

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.