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

Allison Transmission Holdings, Inc. (NYSE:ALSN) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 1,500,000 shares, a growth of 15.4% from the May 15th total of 1,300,000 shares. Approximately 1.7% of the company’s shares are sold short. Based on an average daily volume of 596,100 shares, the short-interest ratio is currently 2.5 days.

Analyst Ratings Changes

ALSN has been the subject of a number of research reports. The Goldman Sachs Group increased their price target on shares of Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. increased 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. Oppenheimer increased 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. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 7th. Finally, Robert W. Baird upped their price objective on shares of Allison Transmission from $84.00 to $87.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $71.71.

Allison Transmission Price Performance

Shares of ALSN opened at $73.69 on Tuesday. The stock has a market cap of $6.45 billion, a PE ratio of 9.84, a price-to-earnings-growth ratio of 1.35 and a beta of 1.02. The company has a debt-to-equity ratio of 1.79, a quick ratio of 1.95 and a current ratio of 2.51. Allison Transmission has a fifty-two week low of $50.13 and a fifty-two week high of $83.42. The firm’s 50-day simple moving average is $76.28 and its two-hundred day simple moving average is $69.59.

Allison Transmission (NYSE:ALSN) last posted its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 EPS for the quarter, beating 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 analysts’ expectations of $772.37 million. During the same quarter in the prior year, the company posted $1.85 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts anticipate that Allison Transmission will post 7.56 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Friday, May 17th. Allison Transmission’s payout ratio is 13.35%.

Insiders Place Their Bets

In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were 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 directly owns 4,624 shares of the company’s stock, valued at $344,395.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.93% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Allison Transmission

A number of institutional investors have recently made changes to their positions in ALSN. Keynote Financial Services LLC purchased a new stake in Allison Transmission in the first quarter worth approximately $1,055,000. Cetera Advisors LLC boosted its holdings in Allison Transmission by 10.1% in the first quarter. Cetera Advisors LLC now owns 4,461 shares of the auto parts company’s stock worth $362,000 after purchasing an additional 408 shares during the last quarter. Burney Co. boosted its holdings in Allison Transmission by 34.7% in the first quarter. Burney Co. now owns 395,752 shares of the auto parts company’s stock worth $32,119,000 after purchasing an additional 101,920 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Allison Transmission by 11.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,661 shares of the auto parts company’s stock worth $378,000 after purchasing an additional 472 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Allison Transmission by 25.3% in the first quarter. Janus Henderson Group PLC now owns 56,998 shares of the auto parts company’s stock worth $4,627,000 after purchasing an additional 11,495 shares during the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

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.