Short Interest in Allison Transmission Holdings, Inc. (NYSE:ALSN) Decreases By 32.8%

Allison Transmission Holdings, Inc. (NYSE:ALSN) was the target of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 1,290,000 shares, a decline of 32.8% from the November 15th total of 1,920,000 shares. Approximately 1.5% of the company’s shares are sold short. Based on an average daily volume of 582,300 shares, the short-interest ratio is currently 2.2 days.

Allison Transmission Stock Up 0.1 %

Shares of ALSN stock traded up $0.13 during trading on Friday, hitting $116.59. 18,005 shares of the company were exchanged, compared to its average volume of 610,191. The business’s 50-day simple moving average is $109.92 and its 200 day simple moving average is $92.42. Allison Transmission has a twelve month low of $55.19 and a twelve month high of $122.53. The firm has a market capitalization of $10.10 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 2.03 and a beta of 0.98. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.25 and a current ratio of 2.83.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Tuesday, October 29th. The auto parts company reported $2.27 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The firm had revenue of $824.00 million for the quarter, compared to the consensus estimate of $790.08 million. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.76 earnings per share. As a group, analysts forecast that Allison Transmission will post 8.21 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 18th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Monday, November 18th. Allison Transmission’s dividend payout ratio is currently 12.18%.

Insider Activity

In related news, CEO David S. Graziosi sold 1,723 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $120.26, for a total value of $207,207.98. Following the transaction, the chief executive officer now directly owns 168,833 shares of the company’s stock, valued at approximately $20,303,856.58. This trade represents a 1.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $117.73, for a total value of $235,460.00. Following the sale, the senior vice president now owns 8,420 shares of the company’s stock, valued at $991,286.60. This represents a 19.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,380 shares of company stock valued at $2,830,837 over the last quarter. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Glenmede Trust Co. NA lifted its stake in shares of Allison Transmission by 4.6% in the third quarter. Glenmede Trust Co. NA now owns 97,150 shares of the auto parts company’s stock valued at $9,333,000 after buying an additional 4,261 shares during the period. CWA Asset Management Group LLC acquired a new position in Allison Transmission in the 3rd quarter valued at approximately $947,000. Oppenheimer & Co. Inc. lifted its position in shares of Allison Transmission by 133.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 13,917 shares of the auto parts company’s stock worth $1,337,000 after acquiring an additional 7,944 shares during the period. Van ECK Associates Corp grew its holdings in shares of Allison Transmission by 87.6% during the 2nd quarter. Van ECK Associates Corp now owns 65,578 shares of the auto parts company’s stock worth $4,978,000 after purchasing an additional 30,629 shares in the last quarter. Finally, AXA S.A. increased its position in shares of Allison Transmission by 13.2% during the second quarter. AXA S.A. now owns 101,847 shares of the auto parts company’s stock valued at $7,730,000 after purchasing an additional 11,914 shares during the period. 96.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on ALSN. Citigroup boosted their target price on shares of Allison Transmission from $125.00 to $130.00 and gave the stock a “neutral” rating in a research report on Monday. JPMorgan Chase & Co. boosted their price target on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, October 11th. StockNews.com upgraded Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Oppenheimer increased their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird lifted their target price on Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $96.38.

About Allison Transmission

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.