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

Allison Transmission Holdings, Inc. (NYSE:ALSN – Get Rating) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 2,100,000 shares, an increase of 6.6% from the February 13th total of 1,970,000 shares. Currently, 2.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 817,600 shares, the days-to-cover ratio is currently 2.6 days.

Allison Transmission Stock Down 3.9 %

Shares of Allison Transmission stock opened at $41.87 on Friday. The business has a 50-day moving average of $45.47 and a 200-day moving average of $41.72. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.80 and a quick ratio of 1.34. The company has a market capitalization of $3.85 billion, a PE ratio of 7.57, a P/E/G ratio of 1.05 and a beta of 0.99. Allison Transmission has a 1-year low of $32.63 and a 1-year high of $50.64.

Allison Transmission (NYSE:ALSN – Get Rating) last announced its earnings results on Wednesday, February 15th. The auto parts company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.31. The company had revenue of $718.00 million during the quarter, compared to the consensus estimate of $676.21 million. Allison Transmission had a return on equity of 69.32% and a net margin of 19.18%. The company’s revenue was up 11.5% on a year-over-year basis. During the same period last year, the firm earned $1.15 earnings per share. As a group, equities analysts forecast that Allison Transmission will post 6.02 EPS for the current fiscal year.

Allison Transmission Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 17th. Stockholders of record on Monday, March 6th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, March 3rd. This is an increase from Allison Transmission’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 2.20%. Allison Transmission’s dividend payout ratio (DPR) is currently 16.64%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ALSN shares. StockNews.com started coverage on Allison Transmission in a research report on Thursday. They issued a “strong-buy” rating on the stock. Morgan Stanley increased their target price on Allison Transmission from $36.00 to $39.00 and gave the stock an “underweight” rating in a research report on Tuesday, February 21st. Robert W. Baird increased their target price on Allison Transmission from $48.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, February 16th. The Goldman Sachs Group increased their target price on Allison Transmission from $33.00 to $37.00 and gave the stock a “sell” rating in a research report on Friday, February 17th. Finally, Citigroup increased their price target on Allison Transmission from $44.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, February 21st. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $45.00.

Insider Activity at Allison Transmission

In related news, VP Ryan A. Milburn sold 2,050 shares of the company’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $48.36, for a total value of $99,138.00. Following the sale, the vice president now owns 13,827 shares of the company’s stock, valued at approximately $668,673.72. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Allison Transmission news, VP Ryan A. Milburn sold 2,050 shares of the stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $48.36, for a total transaction of $99,138.00. Following the transaction, the vice president now owns 13,827 shares of the company’s stock, valued at approximately $668,673.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO David S. Graziosi sold 16,954 shares of the stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $48.20, for a total value of $817,182.80. Following the transaction, the chief executive officer now directly owns 176,392 shares in the company, valued at approximately $8,502,094.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,656 shares of company stock valued at $2,308,269. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Allison Transmission

Several large investors have recently modified their holdings of the business. ICA Group Wealth Management LLC bought a new position in shares of Allison Transmission during the fourth quarter worth about $25,000. Arcus Capital Partners LLC bought a new position in shares of Allison Transmission during the fourth quarter worth about $42,000. Quadrant Capital Group LLC lifted its position in shares of Allison Transmission by 34.0% during the third quarter. Quadrant Capital Group LLC now owns 1,083 shares of the auto parts company’s stock worth $37,000 after purchasing an additional 275 shares during the last quarter. Wipfli Financial Advisors LLC bought a new position in Allison Transmission in the third quarter worth about $39,000. Finally, Canada Pension Plan Investment Board lifted its holdings in Allison Transmission by 157.4% in the first quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the auto parts company’s stock worth $51,000 after acquiring an additional 795 shares during the last quarter. 99.89% of the stock is currently owned by institutional investors and hedge funds.

About Allison Transmission

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Allison Transmission Holdings, Inc engages in the design and manufacture of vehicle propulsion solutions for commercial and defense vehicles. The company also manufactures medium and heavy duty fully automatic transmissions and electrified propulsion systems. Its products are used in a variety of applications, including on-highway trucks, buses, motorhomes, off-highway vehicles and equipment, and defense vehicles.