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

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

Insider Buying and Selling at Allison Transmission

In other news, SVP John Coll sold 2,000 shares of Allison Transmission stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $75.06, for a total value of $150,120.00. Following the sale, the senior vice president now directly owns 14,420 shares in the company, valued at approximately $1,082,365.20. The sale was disclosed in a filing with the SEC, which is available through this link. In other Allison Transmission news, VP Rafael Basso sold 12,624 shares of Allison Transmission stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total transaction of $940,235.52. Following the sale, the vice president now directly owns 4,624 shares of the company’s stock, valued at approximately $344,395.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $75.06, for a total value 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. 0.93% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Allison Transmission

Large investors have recently bought and sold shares of the business. SRS Capital Advisors Inc. boosted its holdings in shares of 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 acquiring an additional 426 shares during the last quarter. Quent Capital LLC grew its position in Allison Transmission by 42.3% in the 4th quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock worth $41,000 after purchasing an additional 210 shares during the period. TFO Wealth Partners LLC raised its stake 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 buying an additional 718 shares during the last quarter. Headlands Technologies LLC raised its stake 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 buying an additional 781 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Allison Transmission by 20.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,229 shares of the auto parts company’s stock valued at $71,000 after buying an additional 212 shares during the period. 96.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ALSN. The Goldman Sachs Group upped their price target on Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research note on Tuesday, April 16th. StockNews.com raised shares of Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 7th. Raymond James initiated coverage on shares of Allison Transmission in a research report on Friday, June 28th. They set an “outperform” rating and a $85.00 price target for the company. Citigroup assumed coverage on shares of Allison Transmission in a report on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price objective on the stock. Finally, Oppenheimer lifted their target price on shares of Allison Transmission from $67.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $75.25.

Allison Transmission Stock Up 1.4 %

Allison Transmission stock traded up $1.03 during trading hours on Wednesday, hitting $76.03. The stock had a trading volume of 30,156 shares, compared to its average volume of 641,345. The stock’s 50-day moving average price is $75.08 and its 200-day moving average price is $71.07. Allison Transmission has a 12-month low of $50.13 and a 12-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 stock has a market capitalization of $6.65 billion, a P/E ratio of 10.01, a price-to-earnings-growth ratio of 1.41 and a beta of 1.00.

Allison Transmission (NYSE:ALSN) last announced its quarterly earnings data 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 company had revenue of $789.00 million during the quarter, compared to analyst estimates of $772.37 million. During the same period in the previous year, the business earned $1.85 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities research analysts anticipate that Allison Transmission will post 7.56 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.00 annualized dividend and a dividend yield of 1.32%. Allison Transmission’s dividend payout ratio (DPR) is presently 13.35%.

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.