Allison Transmission Holdings Inc (NYSE:ALSN) Short Interest Update
Allison Transmission Holdings Inc (NYSE:ALSN) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 3,029,800 shares, a decline of 13.1% from the July 31st total of 3,486,800 shares. Based on an average daily volume of 873,600 shares, the short-interest ratio is currently 3.5 days. Approximately 2.5% of the shares of the company are short sold.
ALSN stock traded up $0.36 during trading on Friday, hitting $47.00. The company had a trading volume of 32,878 shares, compared to its average volume of 933,576. The company has a fifty day moving average price of $44.43 and a two-hundred day moving average price of $45.49. The company has a current ratio of 1.51, a quick ratio of 1.10 and a debt-to-equity ratio of 3.76. The company has a market cap of $5.70 billion, a P/E ratio of 9.84, a P/E/G ratio of 0.98 and a beta of 1.39. Allison Transmission has a fifty-two week low of $40.35 and a fifty-two week high of $53.76.
Allison Transmission (NYSE:ALSN) last announced its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $1.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.26. The business had revenue of $737.00 million for the quarter, compared to analyst estimates of $688.08 million. Allison Transmission had a return on equity of 96.05% and a net margin of 24.06%. Allison Transmission’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.29 EPS. On average, analysts expect that Allison Transmission will post 4.85 earnings per share for the current year.
ALSN has been the topic of several recent analyst reports. Morgan Stanley initiated coverage on Allison Transmission in a research note on Wednesday, July 17th. They issued an “equal weight” rating and a $50.00 price target on the stock. Zacks Investment Research lowered Allison Transmission from a “strong-buy” rating to a “hold” rating and set a $53.00 price target on the stock. in a research note on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $48.89.
A number of institutional investors have recently bought and sold shares of ALSN. Dimensional Fund Advisors LP boosted its stake in Allison Transmission by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,424,822 shares of the auto parts company’s stock worth $62,563,000 after purchasing an additional 33,364 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Allison Transmission by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 1,679,359 shares of the auto parts company’s stock valued at $73,740,000 after acquiring an additional 49,757 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Allison Transmission by 100.0% during the first quarter. Janus Henderson Group PLC now owns 141,422 shares of the auto parts company’s stock valued at $6,353,000 after acquiring an additional 70,722 shares during the period. Sigma Planning Corp lifted its stake in shares of Allison Transmission by 39.4% during the first quarter. Sigma Planning Corp now owns 6,720 shares of the auto parts company’s stock valued at $302,000 after acquiring an additional 1,898 shares during the period. Finally, Carillon Tower Advisers Inc. acquired a new position in shares of Allison Transmission during the first quarter valued at $7,010,000. 93.40% of the stock is currently owned by institutional investors.
Allison Transmission Company Profile
Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 12 transmission product lines for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
Further Reading: How Do Mutual Funds Work?
Receive News & Ratings for Allison Transmission Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allison Transmission and related companies with MarketBeat.com's FREE daily email newsletter.