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.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 23rd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Thursday, August 22nd. Allison Transmission’s dividend payout ratio is currently 12.55%.

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.

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