Banco Santander S.A. Makes New $1.13 Million Investment in Allison Transmission Holdings, Inc. (NYSE:ALSN)

Key Points

• Banco Santander S.A. purchased 11,818 shares of Allison Transmission Holdings, Inc. valued at approximately $1.13 million, indicating strong institutional interest in the auto parts company.
• Allison Transmission reported an EPS of $2.23 for the last quarter, surpassing analysts' estimates, but witnessed a 2.9% decrease in quarterly revenue compared to the previous year.
• Insiders own just 1.20% of Allison Transmission's stock, while institutional investors and hedge funds hold 96.90%, pointing to a highly institutionalized ownership structure.

Banco Santander S.A. purchased a new stake in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 11,818 shares of the auto parts company's stock, valued at approximately $1,131,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Allison Transmission by 4,877.2% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 444,518 shares of the auto parts company's stock valued at $48,035,000 after acquiring an additional 435,587 shares in the last quarter. Raymond James Financial Inc. bought a new position in Allison Transmission in the 4th quarter valued at $41,081,000. FMR LLC boosted its holdings in Allison Transmission by 1.9% in the fourth quarter. FMR LLC now owns 12,993,015 shares of the auto parts company's stock valued at $1,404,025,000 after acquiring an additional 247,318 shares during the last quarter. Federated Hermes Inc. grew its position in shares of Allison Transmission by 19.0% during the 1st quarter. Federated Hermes Inc. now owns 1,138,259 shares of the auto parts company's stock worth $108,897,000 after buying an additional 181,568 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Allison Transmission by 10,402.1% during the first quarter. GAMMA Investing LLC now owns 148,289 shares of the auto parts company's stock worth $14,187,000 after acquiring an additional 146,877 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALSN has been the topic of a number of recent research reports. Raymond James Financial lowered their target price on Allison Transmission from $110.00 to $105.00 and set an "outperform" rating on the stock in a research report on Monday, July 21st. Morgan Stanley raised their price target on shares of Allison Transmission from $94.00 to $100.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Citigroup cut their price target on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, June 24th. Bank of America raised their target price on Allison Transmission from $74.00 to $79.00 and gave the stock an "underperform" rating in a research note on Monday, June 16th. Finally, Robert W. Baird decreased their price target on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Allison Transmission has a consensus rating of "Hold" and an average price target of $98.38.

Allison Transmission Trading Down 0.8%

NYSE ALSN traded down $0.75 on Thursday, reaching $87.52. The stock had a trading volume of 713,012 shares, compared to its average volume of 797,259. Allison Transmission Holdings, Inc. has a 12-month low of $80.39 and a 12-month high of $122.53. The stock has a fifty day moving average price of $94.06 and a two-hundred day moving average price of $98.28. The company has a quick ratio of 2.37, a current ratio of 3.05 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 9.95 and a beta of 0.97.

Allison Transmission (NYSE:ALSN - Get Free Report) last released its earnings results on Monday, August 4th. The auto parts company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.09. Allison Transmission had a return on equity of 46.30% and a net margin of 23.81%. The company had revenue of $814.00 million for the quarter, compared to analysts' expectations of $811.05 million. During the same quarter in the previous year, the firm posted $2.13 EPS. The firm's quarterly revenue was down .2% on a year-over-year basis. As a group, sell-side analysts forecast that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current fiscal year.

Insider Activity at Allison Transmission

In other news, VP Ryan A. Milburn sold 3,412 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $105.24, for a total transaction of $359,078.88. Following the completion of the sale, the vice president directly owned 11,924 shares in the company, valued at $1,254,881.76. This represents a 22.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

About Allison Transmission

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells fully automatic transmissions for medium- and heavy-duty commercial vehicles and medium- and heavy-tactical U.S. defense vehicles, and electrified propulsion systems worldwide. It provides commercial-duty on-highway, off-highway and defense fully automatic transmissions, and electric hybrid and fully electric systems.