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

Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 1,620,000 shares, a decline of 16.5% from the March 15th total of 1,940,000 shares. Based on an average trading volume of 773,300 shares, the days-to-cover ratio is currently 2.1 days. Approximately 1.9% of the company's shares are sold short.

Allison Transmission Stock Down 3.7 %

Shares of ALSN traded down $3.26 during trading hours on Monday, hitting $85.52. The company had a trading volume of 72,209 shares, compared to its average volume of 641,441. The company has a current ratio of 3.04, a quick ratio of 2.42 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $7.29 billion, a PE ratio of 10.30 and a beta of 0.95. Allison Transmission has a one year low of $71.49 and a one year high of $122.53. The company's fifty day moving average price is $95.97 and its two-hundred day moving average price is $106.04.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The auto parts company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.90 by $0.11. Allison Transmission had a net margin of 22.67% and a return on equity of 47.95%. As a group, equities analysts forecast that Allison Transmission will post 9.06 earnings per share for the current fiscal year.

Allison Transmission announced that its board has approved a share repurchase plan on Thursday, February 20th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the auto parts company to purchase up to 57.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its stock is undervalued.

Allison Transmission Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Monday, March 3rd were given a $0.27 dividend. This is a boost from Allison Transmission's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.26%. Allison Transmission's dividend payout ratio (DPR) is presently 13.00%.

Insiders Place Their Bets

In other Allison Transmission news, VP Ryan A. Milburn sold 4,546 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $96.20, for a total transaction of $437,325.20. Following the completion of the transaction, the vice president now owns 14,138 shares in the company, valued at $1,360,075.60. The trade was a 24.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP John Coll sold 1,788 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $95.33, for a total value of $170,450.04. Following the completion of the sale, the senior vice president now owns 15,388 shares in the company, valued at approximately $1,466,938.04. The trade was a 10.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Allison Transmission

Large investors have recently modified their holdings of the business. DGS Capital Management LLC increased its stake in Allison Transmission by 2.5% during the 4th quarter. DGS Capital Management LLC now owns 3,424 shares of the auto parts company's stock valued at $370,000 after purchasing an additional 84 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Allison Transmission by 0.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 15,370 shares of the auto parts company's stock valued at $1,661,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System raised its stake in Allison Transmission by 0.4% in the 4th quarter. Arizona State Retirement System now owns 25,289 shares of the auto parts company's stock worth $2,733,000 after acquiring an additional 100 shares during the last quarter. Vident Advisory LLC raised its stake in Allison Transmission by 1.0% in the 4th quarter. Vident Advisory LLC now owns 10,182 shares of the auto parts company's stock worth $1,100,000 after acquiring an additional 102 shares during the last quarter. Finally, Amalgamated Bank lifted its position in Allison Transmission by 1.6% during the 4th quarter. Amalgamated Bank now owns 6,381 shares of the auto parts company's stock worth $690,000 after acquiring an additional 103 shares during the period. Hedge funds and other institutional investors own 96.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ALSN. JPMorgan Chase & Co. reduced their target price on Allison Transmission from $110.00 to $98.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. StockNews.com downgraded shares of Allison Transmission from a "buy" rating to a "hold" rating in a research note on Saturday. Robert W. Baird decreased their price target on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. Morgan Stanley dropped their price objective on Allison Transmission from $112.00 to $94.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Finally, Citigroup decreased their target price on Allison Transmission from $108.00 to $95.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $97.88.

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.

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