Allison Transmission Holdings, Inc. (NYSE:ALSN) Sees Significant Decrease in Short Interest

Allison Transmission Holdings, Inc. (NYSE:ALSN) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 1,290,000 shares, a decrease of 32.8% from the November 15th total of 1,920,000 shares. Based on an average daily volume of 582,300 shares, the short-interest ratio is presently 2.2 days. Currently, 1.5% of the shares of the stock are sold short.

Allison Transmission Stock Up 0.1 %

Shares of NYSE ALSN traded up $0.13 during midday trading on Friday, reaching $116.59. The company’s stock had a trading volume of 18,005 shares, compared to its average volume of 610,191. Allison Transmission has a fifty-two week low of $55.19 and a fifty-two week high of $122.53. The stock has a 50 day simple moving average of $109.92 and a 200-day simple moving average of $92.42. The stock has a market capitalization of $10.10 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 2.03 and a beta of 0.98. The company has a current ratio of 2.83, a quick ratio of 2.25 and a debt-to-equity ratio of 1.48.

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

Allison Transmission Dividend Announcement

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

Analyst Ratings Changes

ALSN has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price objective on Allison Transmission from $82.00 to $94.00 and gave the stock a “sell” rating in a research note on Thursday. Robert W. Baird boosted their target price on shares of Allison Transmission from $103.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Oppenheimer increased their price target on shares of Allison Transmission from $90.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Citigroup boosted their price objective on Allison Transmission from $125.00 to $130.00 and gave the stock a “neutral” rating in a report on Monday. Finally, JPMorgan Chase & Co. lifted their target price on Allison Transmission from $80.00 to $100.00 and gave the stock a “neutral” rating in a report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $96.38.

Insider Activity

In other news, VP Thomas Eifert sold 1,741 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $100.00, for a total transaction of $174,100.00. Following the completion of the sale, the vice president now owns 9,601 shares of the company’s stock, valued at approximately $960,100. This trade represents a 15.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO David S. Graziosi sold 11,590 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $119.44, for a total value of $1,384,309.60. Following the completion of the transaction, the chief executive officer now directly owns 168,833 shares in the company, valued at $20,165,413.52. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,380 shares of company stock worth $2,830,837. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ALSN. Franklin Resources Inc. raised its holdings in Allison Transmission by 46.8% in the 3rd quarter. Franklin Resources Inc. now owns 250,050 shares of the auto parts company’s stock valued at $24,955,000 after acquiring an additional 79,745 shares during the period. Tri Ri Asset Management Corp acquired a new position in shares of Allison Transmission in the third quarter valued at approximately $5,932,000. Wilmington Savings Fund Society FSB bought a new position in shares of Allison Transmission during the third quarter worth approximately $67,000. World Investment Advisors LLC acquired a new stake in Allison Transmission during the 3rd quarter worth approximately $29,000. Finally, Sanctuary Advisors LLC boosted its stake in Allison Transmission by 88.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 200,997 shares of the auto parts company’s stock valued at $19,310,000 after purchasing an additional 94,229 shares during the period. 96.90% of the stock is currently owned by institutional investors.

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.