Allison Transmission Holdings, Inc. (NYSE:ALSN) Sees Large Increase in Short Interest

Allison Transmission Holdings, Inc. (NYSE:ALSN) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 1,730,000 shares, a growth of 22.7% from the June 15th total of 1,410,000 shares. Based on an average trading volume of 588,700 shares, the short-interest ratio is presently 2.9 days. Approximately 2.0% of the shares of the stock are short sold.

Insider Transactions at Allison Transmission

In related news, VP Rafael Basso sold 12,624 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $74.48, for a total value of $940,235.52. Following the completion of the sale, the vice president now owns 4,624 shares in the company, valued at approximately $344,395.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Rafael Basso sold 12,624 shares of the 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 completion of the sale, the vice president now owns 4,624 shares of the company’s stock, valued at $344,395.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP John Coll sold 2,000 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $75.06, for a total transaction of $150,120.00. Following the sale, the senior vice president now owns 14,420 shares of the company’s stock, valued at $1,082,365.20. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ALSN. Versant Capital Management Inc raised its holdings in Allison Transmission by 1,200.0% in the 2nd quarter. Versant Capital Management Inc now owns 364 shares of the auto parts company’s stock worth $28,000 after purchasing an additional 336 shares during the period. SRS Capital Advisors Inc. increased its holdings in Allison Transmission by 256.6% in the 4th quarter. SRS Capital Advisors Inc. now owns 592 shares of the auto parts company’s stock worth $34,000 after acquiring an additional 426 shares in the last quarter. Quent Capital LLC raised its stake in Allison Transmission by 42.3% during the 4th quarter. Quent Capital LLC now owns 706 shares of the auto parts company’s stock worth $41,000 after acquiring an additional 210 shares during the period. TFO Wealth Partners LLC lifted its holdings in Allison Transmission by 8,975.0% during the fourth quarter. TFO Wealth Partners LLC now owns 726 shares of the auto parts company’s stock valued at $42,000 after purchasing an additional 718 shares in the last quarter. Finally, Covestor Ltd increased its stake in shares of Allison Transmission by 307.2% in the first quarter. Covestor Ltd now owns 965 shares of the auto parts company’s stock worth $78,000 after purchasing an additional 728 shares in the last quarter. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Oppenheimer upped their target price on Allison Transmission from $67.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. The Goldman Sachs Group increased their price target on shares of Allison Transmission from $55.00 to $63.00 and gave the stock a “sell” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. lifted their target price on shares of Allison Transmission from $70.00 to $78.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Robert W. Baird lifted their price objective on Allison Transmission from $84.00 to $87.00 and gave the company a “neutral” rating in a research note on Friday, April 26th. Finally, StockNews.com raised Allison Transmission from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given 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 price target of $75.25.

Allison Transmission Stock Performance

ALSN stock traded up $3.05 on Tuesday, hitting $83.12. The company had a trading volume of 649,931 shares, compared to its average volume of 633,109. The company has a current ratio of 2.51, a quick ratio of 1.95 and a debt-to-equity ratio of 1.79. Allison Transmission has a 12-month low of $50.13 and a 12-month high of $83.42. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 1.43 and a beta of 1.00. The stock’s 50-day simple moving average is $75.05 and its 200 day simple moving average is $72.05.

Allison Transmission (NYSE:ALSN) last released its quarterly earnings results on Thursday, April 25th. The auto parts company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.01. The firm had revenue of $789.00 million for the quarter, compared to the consensus estimate of $772.37 million. Allison Transmission had a return on equity of 55.83% and a net margin of 21.80%. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the business posted $1.85 EPS. As a group, equities research analysts expect that Allison Transmission will post 7.65 earnings per share for the current fiscal year.

Allison Transmission Dividend Announcement

The firm also recently announced 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 yield of 1.20%. Allison Transmission’s dividend payout ratio (DPR) is 13.35%.

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.