Short Interest in Allison Transmission Holdings, Inc. (NYSE:ALSN) Decreases By 8.0%

Allison Transmission Holdings, Inc. (NYSE:ALSNGet Free Report) was the recipient of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 1,040,000 shares, a decrease of 8.0% from the December 31st total of 1,130,000 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 623,900 shares, the short-interest ratio is presently 1.7 days.

Allison Transmission Trading Down 1.4 %

Shares of NYSE:ALSN opened at $60.54 on Thursday. The business’s 50 day simple moving average is $57.01 and its 200 day simple moving average is $57.44. The company has a debt-to-equity ratio of 2.11, a current ratio of 2.41 and a quick ratio of 1.86. Allison Transmission has a 1 year low of $41.61 and a 1 year high of $61.76. The company has a market capitalization of $5.42 billion, a P/E ratio of 8.59, a P/E/G ratio of 1.24 and a beta of 0.98.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. StockNews.com downgraded Allison Transmission from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 26th. Morgan Stanley assumed coverage on Allison Transmission in a research report on Monday, January 8th. They issued an “equal weight” rating and a $62.00 target price on the stock. JPMorgan Chase & Co. raised Allison Transmission from an “underweight” rating to a “neutral” rating and upped their target price for the company from $63.00 to $70.00 in a research report on Monday, October 16th. Finally, Citigroup upped their target price on Allison Transmission from $63.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, October 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $58.00.

View Our Latest Analysis on Allison Transmission

Institutional Investors Weigh In On Allison Transmission

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALSN. AMI Investment Management Inc. lifted its stake in Allison Transmission by 7.1% during the first quarter. AMI Investment Management Inc. now owns 97,189 shares of the auto parts company’s stock worth $3,816,000 after purchasing an additional 6,438 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Allison Transmission by 5.1% during the first quarter. JPMorgan Chase & Co. now owns 334,703 shares of the auto parts company’s stock worth $13,140,000 after purchasing an additional 16,209 shares during the last quarter. Raymond James & Associates lifted its stake in Allison Transmission by 267.3% during the first quarter. Raymond James & Associates now owns 33,711 shares of the auto parts company’s stock worth $1,323,000 after purchasing an additional 24,534 shares during the last quarter. Citigroup Inc. lifted its stake in Allison Transmission by 1.5% during the first quarter. Citigroup Inc. now owns 74,855 shares of the auto parts company’s stock worth $2,938,000 after purchasing an additional 1,127 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Allison Transmission by 31.6% during the first quarter. PNC Financial Services Group Inc. now owns 13,096 shares of the auto parts company’s stock worth $514,000 after purchasing an additional 3,142 shares during the last quarter. 96.57% of the stock is currently owned by institutional investors.

Allison Transmission Company Profile

(Get Free Report)

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. The company offers transmissions for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school and transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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