Allison Transmission Holdings, Inc. (NYSE:ALSN) Short Interest Down 8.5% in September

Allison Transmission Holdings, Inc. (NYSE:ALSN) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 1,190,000 shares, a decrease of 8.5% from the August 31st total of 1,300,000 shares. Based on an average trading volume of 574,600 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.4% of the shares of the stock are sold short.

Analyst Ratings Changes

Several research firms have recently commented on ALSN. The Goldman Sachs Group boosted their price target on shares of Allison Transmission from $63.00 to $72.00 and gave the company a “sell” rating in a research report on Monday, July 29th. StockNews.com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 2nd. Robert W. Baird increased their price target on Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Citigroup initiated coverage on shares of Allison Transmission in a research note on Wednesday, June 26th. They issued a “neutral” rating and a $80.00 price target on the stock. Finally, Raymond James initiated coverage on Allison Transmission in a research note on Friday, June 28th. They set an “outperform” rating and a $85.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $79.57.

Allison Transmission Stock Performance

NYSE ALSN traded up $1.39 during trading hours on Tuesday, hitting $97.46. 1,012,287 shares of the stock were exchanged, compared to its average volume of 624,990. The company has a market cap of $8.53 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 1.64 and a beta of 0.99. The stock has a 50-day moving average of $88.05 and a 200 day moving average of $81.00. Allison Transmission has a 12-month low of $50.13 and a 12-month high of $98.00. The company has a quick ratio of 2.19, a current ratio of 2.78 and a debt-to-equity ratio of 1.62.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.09. The firm had revenue of $816.00 million during the quarter, compared to analysts’ expectations of $799.44 million. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. Allison Transmission’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.92 earnings per share. As a group, equities research analysts forecast that Allison Transmission will post 7.85 earnings per share for the current year.

Allison Transmission Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Monday, August 19th. Allison Transmission’s dividend payout ratio (DPR) is 13.35%.

Insider Buying and Selling at Allison Transmission

In related news, SVP John Coll sold 2,000 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $90.98, for a total transaction of $181,960.00. Following the transaction, the senior vice president now directly owns 12,420 shares in the company, valued at $1,129,971.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quent Capital LLC boosted its stake in shares of Allison Transmission by 24.0% during the second quarter. Quent Capital LLC now owns 889 shares of the auto parts company’s stock valued at $68,000 after acquiring an additional 172 shares during the last quarter. Miller Howard Investments Inc. NY boosted its stake in shares of Allison Transmission by 2.1% during the 2nd quarter. Miller Howard Investments Inc. NY now owns 8,911 shares of the auto parts company’s stock worth $676,000 after purchasing an additional 186 shares during the last quarter. Americana Partners LLC grew its holdings in shares of Allison Transmission by 3.9% during the second quarter. Americana Partners LLC now owns 5,069 shares of the auto parts company’s stock worth $385,000 after buying an additional 191 shares in the last quarter. Raymond James Trust N.A. raised its position in shares of Allison Transmission by 4.1% in the second quarter. Raymond James Trust N.A. now owns 5,072 shares of the auto parts company’s stock valued at $385,000 after buying an additional 200 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its stake in shares of Allison Transmission by 0.8% during the second quarter. Linden Thomas Advisory Services LLC now owns 26,798 shares of the auto parts company’s stock valued at $2,034,000 after buying an additional 210 shares during the period. 96.90% of the stock is 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.