Company shares are trading at $39.63 just above the 50 day moving average which is $36.26 and which is slightly above the 200 day moving average of $36.99. The 50 day moving average moved up $3.37 and the 200 day average went up by +7.15%. Trading volume for Allison Transmission Holdings, was 12K on Tuesday. Volume was down 98.92% under the stocks average daily volume.
Investors are more bullish on shares of the company of late at least if you consider the change in short interest. The stock saw a fall in short interest between September 15, 2017 and September 29, 2017 of -1.64%. Short shares fell from 13,725,476 to 13,500,499 over that period. Days to cover increased 2.0 to 8.0 and the percentage of shorted shares was 0.09% on September 29.
There has been some selling insider activity on Allison Transmission Holdings, (NYSE:ALSN) recently. David S. Graziosi, President, CFO and Treasurer reported the sale of 39,264 shares. The shares were purchased at an average price of $37.23. Graziosi now owns $7,227,199 of the stock per the Form 4 SEC filing.
The following firms have recently changed their position in ALSN. Central Trust Co cut its holdings by shedding 985 shares a decrease of 90.8%. Central Trust Co controls 100 shares worth $4,000. The value of the position overall is down by 90.2%. As of quarter end Shell Asset Management CO had disposed of 600 shares trimming its position 2.0%. The value of the company’s investment in Allison Transmission Holdings, decreased from $1,149,000 to $1,127,000 decreasing 1.9% since the last quarter.
Capital One, National Association grew its position by buying 1,759 shares an increase of 4.2% in the quarter. Capital One, National Association now controls 43,253 shares with a value of $1,623,000. The total value of its holdings increased 4.3%. As of the end of the quarter Robeco Institutional Asset Management B.v. had bought a total of 132,862 shares growing its holdings by 286.5%. The value of the total investment in Allison Transmission Holdings, went from $1,739,000 to $6,726,000 a change of 286.8% quarter to quarter.
On August 1 the company was upgraded to “Outperform” from “Neutral” in a statement from Baird. August 2 investment analysts at Deutsche Bank held the stock rating at “Hold” but raised the price target from $30.00 to $43.00.
On August 17, 2017 the stock rating was set at “Neutral” by JP Morgan which is down from the previous “Overweight” rating. On September 5 the company was rated “Sell” according to a Deutsche Bank report a cut from the previous “Hold” rating.
Buckingham began coverage giving it an initial rating of “Neutral”.
In the market the company is trading up since yesterday’s close of 39.53. The company also declared a dividend for shareholders which was paid on Thursday the 31st of August 2017. The dividend was $0.150 per share for the quarter or $0.60 annualized. The dividend yield was $1.52. The ex-dividend date was set for Thursday the 17th of August 2017.
The company currently has a P/E ratio of 22.50 and market cap is 5.90B. In the last earnings report the EPS was $1.76 and is projected to be $2.13 for the current year with 148,810,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.48 and the next full year EPS is anticipated to be $2.20.
Allison Transmission Holdings, Inc., launched on June 22, 2007, and its subsidiaries design and manufacture commercial and defense fully-automatic transmissions. The Company manufactures fully-automatic transmissions for medium-and heavy-duty commercial vehicles, and medium-and heavy-tactical United States defense vehicles. The Business’s transmissions are used in a range of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (primarily school, transit and hybrid-transit), motorhomes, off-highway vehicles and equipment (energy, mining and construction) and defense vehicles (wheeled and tracked). The Business’s transmissions are sold under the Allison Transmission brand name and remanufactured transmissions are sold under the ReTran brand name. The Company had developed over 100 different models that were used in more than 2,500 different vehicle configurations and were compatible with over 500 combinations of engines, as of December 31, 2016..