Banco Santander S.A. Invests $1.13 Million 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. acquired a new position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,818 shares of the auto parts company's stock, valued at approximately $1,131,000.

Other large investors also recently modified their holdings of the company. Transce3nd LLC acquired a new stake in shares of Allison Transmission during the 4th quarter worth approximately $25,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Allison Transmission during the 4th quarter worth approximately $31,000. SRH Advisors LLC grew its position in shares of Allison Transmission by 95.0% during the 1st quarter. SRH Advisors LLC now owns 468 shares of the auto parts company's stock worth $45,000 after buying an additional 228 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of Allison Transmission by 363.0% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 500 shares of the auto parts company's stock worth $48,000 after buying an additional 392 shares during the period. Finally, GeoWealth Management LLC acquired a new stake in shares of Allison Transmission during the 4th quarter worth approximately $65,000. Institutional investors and hedge funds own 96.90% of the company's stock.

Wall Street Analyst Weigh In

ALSN has been the subject of several recent analyst reports. Robert W. Baird reduced their price objective on shares of Allison Transmission from $123.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. Morgan Stanley lifted 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. JPMorgan Chase & Co. reduced their price target on shares of Allison Transmission from $110.00 to $98.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Raymond James Financial reduced their price target on shares of Allison Transmission from $110.00 to $105.00 and set an "outperform" rating for the company in a research report on Monday, July 21st. Finally, Citigroup reduced their price target on shares of Allison Transmission from $105.00 to $100.00 and set a "neutral" rating for the company in a research report on Tuesday, June 24th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $98.38.

Insider Activity at Allison Transmission

In other news, VP Ryan A. Milburn sold 3,412 shares of Allison Transmission 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 sale, the vice president directly owned 11,924 shares in the company, valued at $1,254,881.76. The trade was a 22.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by insiders.

Allison Transmission Stock Up 0.5%

ALSN traded up $0.42 during mid-day trading on Monday, reaching $88.11. 1,301,321 shares of the stock were exchanged, compared to its average volume of 966,725. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.37 and a current ratio of 3.05. The stock has a market capitalization of $7.42 billion, a PE ratio of 10.20 and a beta of 0.97. The company has a 50 day moving average price of $95.03 and a two-hundred day moving average price of $98.65. Allison Transmission Holdings, Inc. has a 1 year low of $78.71 and a 1 year high of $122.53.

Allison Transmission (NYSE:ALSN - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The auto parts company reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.22 by $0.07. Allison Transmission had a net margin of 23.55% and a return on equity of 46.97%. The firm's revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.13 EPS. As a group, research analysts anticipate that Allison Transmission Holdings, Inc. will post 9.06 EPS for the current year.

Allison Transmission Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Monday, May 19th. Allison Transmission's payout ratio is presently 12.50%.

Allison Transmission Company Profile

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.