Allison Transmission Holdings, Inc. (NYSE:ALSN) Short Interest Up 9.9% in July

Allison Transmission Holdings, Inc. (NYSE:ALSN) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 1,550,000 shares, a growth of 9.9% from the July 15th total of 1,410,000 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average trading volume of 568,600 shares, the days-to-cover ratio is presently 2.7 days.

Analyst Upgrades and Downgrades

ALSN has been the topic of several analyst reports. Raymond James started coverage on Allison Transmission in a report on Friday, June 28th. They set an “outperform” rating and a $85.00 target price on the stock. Citigroup began coverage on shares of Allison Transmission in a research report on Wednesday, June 26th. They set a “neutral” rating and a $80.00 price target on the stock. Robert W. Baird upped their price objective on shares of Allison Transmission from $87.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. StockNews.com cut Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 11th. Finally, The Goldman Sachs Group upped their price target on Allison Transmission from $63.00 to $72.00 and gave the stock a “sell” rating in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $79.57.

Allison Transmission Trading Down 0.6 %

Allison Transmission stock traded down $0.54 during midday trading on Friday, hitting $85.93. 328,385 shares of the stock were exchanged, compared to its average volume of 634,532. The company has a current ratio of 2.78, a quick ratio of 1.95 and a debt-to-equity ratio of 1.62. The stock’s 50-day simple moving average is $79.79 and its 200 day simple moving average is $76.65. Allison Transmission has a fifty-two week low of $50.13 and a fifty-two week high of $89.63. The stock has a market capitalization of $7.52 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 1.56 and a beta of 0.99.

Allison Transmission (NYSE:ALSN) last issued its quarterly earnings data on Thursday, July 25th. The auto parts company reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.09. Allison Transmission had a return on equity of 52.18% and a net margin of 21.95%. The company had revenue of $816.00 million during the quarter, compared to analyst estimates of $799.44 million. During the same period in the prior year, the business posted $1.92 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Allison Transmission will post 7.89 EPS for the current year.

Allison Transmission Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 19th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, August 19th. This represents a $1.00 annualized dividend and a dividend yield of 1.16%. Allison Transmission’s dividend payout ratio is presently 13.35%.

Insider Activity

In other news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $75.06, for a total value of $150,120.00. Following the completion of the sale, the senior vice president now directly owns 14,420 shares of the company’s stock, valued at approximately $1,082,365.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Allison Transmission news, SVP John Coll sold 2,000 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $75.06, for a total transaction of $150,120.00. Following the transaction, the senior vice president now directly owns 14,420 shares in the company, valued at approximately $1,082,365.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Rafael Basso sold 12,624 shares of the company’s stock in a transaction dated 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 directly owns 4,624 shares of the company’s stock, valued at $344,395.52. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Allison Transmission

Institutional investors have recently bought and sold shares of the company. Creative Planning grew its stake in shares of Allison Transmission by 5.1% in the second quarter. Creative Planning now owns 4,781 shares of the auto parts company’s stock worth $363,000 after acquiring an additional 230 shares in the last quarter. Algert Global LLC lifted its stake in Allison Transmission by 6.0% in the second quarter. Algert Global LLC now owns 126,023 shares of the auto parts company’s stock worth $9,565,000 after acquiring an additional 7,088 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its holdings in Allison Transmission by 43.5% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 19,800 shares of the auto parts company’s stock worth $1,503,000 after acquiring an additional 6,000 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new stake in shares of Allison Transmission during the 2nd quarter worth $342,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Allison Transmission by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 28,612 shares of the auto parts company’s stock valued at $2,172,000 after buying an additional 1,093 shares during the last quarter. 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.