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

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ALSN shares. Oppenheimer raised their target price on Allison Transmission from $90.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Robert W. Baird boosted their price target on shares of Allison Transmission from $103.00 to $108.00 and gave the company a "neutral" rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on Allison Transmission from $80.00 to $100.00 and gave the company 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 report on Tuesday. Finally, Citigroup increased their target price on Allison Transmission from $125.00 to $130.00 and gave the stock a "neutral" rating in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $96.38.

Allison Transmission Price Performance

ALSN stock traded up $0.05 during midday trading on Friday, reaching $116.51. 741,709 shares of the stock were exchanged, compared to its average volume of 613,205. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.83 and a quick ratio of 2.25. The stock has a market capitalization of $10.09 billion, a PE ratio of 14.19, a P/E/G ratio of 2.03 and a beta of 0.98. Allison Transmission has a 52 week low of $55.19 and a 52 week high of $122.53. The company has a fifty day moving average price of $109.92 and a 200 day moving average price of $92.42.

Allison Transmission (NYSE:ALSN - Get Free Report) last announced its earnings results on Tuesday, October 29th. The auto parts company reported $2.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.26. Allison Transmission had a return on equity of 51.13% and a net margin of 22.66%. The business had revenue of $824.00 million during the quarter, compared to analyst estimates of $790.08 million. During the same period last year, the company earned $1.76 EPS. Allison Transmission's revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, analysts expect that Allison Transmission will post 8.21 EPS for the current fiscal year.

Allison Transmission Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 18th were given a dividend of $0.25 per share. 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 presently 12.18%.

Insider Buying and Selling

In other news, SVP John Coll sold 2,000 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $117.73, for a total transaction of $235,460.00. Following the transaction, the senior vice president now directly owns 8,420 shares in the company, valued at approximately $991,286.60. This represents a 19.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 directly owns 9,601 shares of the company's stock, valued at approximately $960,100. This represents a 15.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,380 shares of company stock worth $2,830,837 in the last quarter. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Allison Transmission

Large investors have recently made changes to their positions in the company. Cetera Advisors LLC increased its holdings in Allison Transmission by 10.1% during the 1st 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 in the last quarter. Diversified Trust Co grew its holdings in Allison Transmission by 38.8% during the second quarter. Diversified Trust Co now owns 6,366 shares of the auto parts company's stock worth $483,000 after buying an additional 1,781 shares in the last quarter. Triad Wealth Partners LLC purchased a new stake in Allison Transmission in the 2nd quarter valued at $33,000. Blue Trust Inc. lifted its stake in Allison Transmission by 25.3% during the 2nd quarter. Blue Trust Inc. now owns 1,873 shares of the auto parts company's stock valued at $152,000 after acquiring an additional 378 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in Allison Transmission by 9.9% during the 2nd quarter. Raymond James & Associates now owns 187,422 shares of the auto parts company's stock valued at $14,225,000 after acquiring an additional 16,893 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors and hedge funds.

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.