Allison Transmission Holdings, Inc. (NYSE:ALSN) Short Interest Down 20.7% in December

Allison Transmission Holdings, Inc. (NYSE:ALSN) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 2,019,845 shares, a decrease of 20.7% from the December 15th total of 2,547,510 shares. Based on an average daily trading volume, of 835,351 shares, the short-interest ratio is presently 2.4 days. Currently, 2.5% of the company’s shares are short sold. Currently, 2.5% of the company’s shares are short sold. Based on an average daily trading volume, of 835,351 shares, the short-interest ratio is presently 2.4 days.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ALSN shares. Wells Fargo & Company began coverage on Allison Transmission in a report on Thursday, November 13th. They set an “equal weight” rating and a $85.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on shares of Allison Transmission from $87.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday. Weiss Ratings cut shares of Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Raymond James Financial lifted their price objective on shares of Allison Transmission from $110.00 to $115.00 and gave the company a “strong-buy” rating in a report on Monday, December 22nd. Finally, Citigroup boosted their price objective on shares of Allison Transmission from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $99.25.

Insider Transactions at Allison Transmission

In other Allison Transmission news, SVP John Coll sold 1,791 shares of Allison Transmission stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $98.79, for a total transaction of $176,932.89. Following the completion of the transaction, the senior vice president directly owned 10,021 shares of the company’s stock, valued at $989,974.59. The trade was a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Allison Transmission

A number of large investors have recently added to or reduced their stakes in the company. Rossby Financial LCC raised its stake in shares of Allison Transmission by 107.0% during the 3rd quarter. Rossby Financial LCC now owns 296 shares of the auto parts company’s stock worth $25,000 after acquiring an additional 153 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new stake in shares of Allison Transmission during the 2nd quarter valued at $28,000. Cullen Frost Bankers Inc. grew its stake in Allison Transmission by 3,108.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 385 shares of the auto parts company’s stock worth $37,000 after buying an additional 373 shares during the last quarter. Employees Retirement System of Texas acquired a new position in Allison Transmission during the 2nd quarter valued at about $38,000. Finally, True Wealth Design LLC boosted its holdings in Allison Transmission by 93.2% in the third quarter. True Wealth Design LLC now owns 452 shares of the auto parts company’s stock worth $38,000 after acquiring an additional 218 shares in the last quarter. 96.90% of the stock is currently owned by institutional investors.

Allison Transmission Stock Down 1.0%

Shares of ALSN traded down $1.16 during mid-day trading on Friday, hitting $110.39. The company’s stock had a trading volume of 820,544 shares, compared to its average volume of 707,119. The company has a current ratio of 3.82, a quick ratio of 3.06 and a debt-to-equity ratio of 1.30. The company’s 50-day moving average is $94.70 and its 200-day moving average is $89.71. Allison Transmission has a 52-week low of $76.01 and a 52-week high of $121.81. The firm has a market capitalization of $9.19 billion, a price-to-earnings ratio of 13.53 and a beta of 0.98.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Wednesday, October 29th. The auto parts company reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.32). The business had revenue of $693.00 million for the quarter, compared to analysts’ expectations of $779.97 million. Allison Transmission had a net margin of 22.78% and a return on equity of 40.46%. The business’s quarterly revenue was down 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.27 earnings per share. On average, equities research analysts forecast that Allison Transmission will post 9.06 EPS for the current fiscal year.

Allison Transmission Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $1.08 dividend on an annualized basis and a yield of 1.0%. Allison Transmission’s dividend payout ratio (DPR) is presently 13.24%.

About Allison Transmission

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.