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

Allison Transmission Holdings, Inc. (NYSE:ALSN - Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 2,496,351 shares, a growth of 29.5% from the March 15th total of 1,927,883 shares. Based on an average trading volume of 839,672 shares, the days-to-cover ratio is presently 3.0 days. Currently, 3.0% of the company's shares are sold short.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ALSN shares. Zacks Research lowered Allison Transmission from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 24th. Raymond James Financial upped their price target on Allison Transmission from $110.00 to $115.00 and gave the company a "strong-buy" rating in a research note on Monday, December 22nd. JPMorgan Chase & Co. upped their price target on Allison Transmission from $87.00 to $115.00 and gave the company a "neutral" rating in a research note on Wednesday, January 14th. Wells Fargo & Company upped their price target on Allison Transmission from $98.00 to $127.00 and gave the company an "equal weight" rating in a research note on Thursday, February 26th. Finally, Weiss Ratings lowered Allison Transmission from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $114.13.

Insider Activity

In other news, insider Eric C. Scroggins sold 1,313 shares of the company's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $114.40, for a total transaction of $150,207.20. Following the transaction, the insider owned 17,654 shares of the company's stock, valued at $2,019,617.60. This represents a 6.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Allison Transmission

Hedge funds have recently modified their holdings of the business. Corient Private Wealth LLC grew its holdings in shares of Allison Transmission by 37.9% during the fourth quarter. Corient Private Wealth LLC now owns 55,561 shares of the auto parts company's stock worth $5,440,000 after buying an additional 15,267 shares in the last quarter. Rehmann Capital Advisory Group raised its position in Allison Transmission by 6.8% in the 4th quarter. Rehmann Capital Advisory Group now owns 13,005 shares of the auto parts company's stock valued at $1,276,000 after buying an additional 831 shares during the last quarter. Villanova Investment Management Co LLC raised its position in Allison Transmission by 0.4% in the 4th quarter. Villanova Investment Management Co LLC now owns 26,089 shares of the auto parts company's stock valued at $2,554,000 after buying an additional 106 shares during the last quarter. Kera Capital Partners Inc. raised its position in Allison Transmission by 139.2% in the 4th quarter. Kera Capital Partners Inc. now owns 8,369 shares of the auto parts company's stock valued at $910,000 after buying an additional 4,870 shares during the last quarter. Finally, Cambient Family Office LLC acquired a new stake in Allison Transmission in the 4th quarter valued at approximately $314,000. Institutional investors and hedge funds own 96.90% of the company's stock.

Allison Transmission Trading Down 1.8%

NYSE ALSN opened at $126.00 on Thursday. The firm has a market cap of $10.47 billion, a P/E ratio of 17.19, a P/E/G ratio of 0.85 and a beta of 0.97. The company has a debt-to-equity ratio of 1.55, a current ratio of 4.85 and a quick ratio of 4.17. The stock's 50-day moving average is $118.57 and its 200-day moving average is $101.97. Allison Transmission has a one year low of $76.01 and a one year high of $130.82.

Allison Transmission Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Monday, March 9th were given a dividend of $0.29 per share. This is an increase from Allison Transmission's previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, March 9th. Allison Transmission's payout ratio is 15.83%.

Allison Transmission Company Profile

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.

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