Allspring Global Investments Holdings LLC Has $9.95 Million Position in Allient Inc. (NASDAQ:ALNT)

Allspring Global Investments Holdings LLC increased its holdings in shares of Allient Inc. (NASDAQ:ALNT - Free Report) by 23,963.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 406,193 shares of the company's stock after purchasing an additional 404,505 shares during the period. Allspring Global Investments Holdings LLC owned approximately 2.41% of Allient worth $9,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. FMR LLC raised its holdings in shares of Allient by 843.2% during the third quarter. FMR LLC now owns 1,153,537 shares of the company's stock worth $21,906,000 after purchasing an additional 1,031,243 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Allient by 1.8% during the third quarter. Geode Capital Management LLC now owns 344,166 shares of the company's stock worth $6,537,000 after purchasing an additional 5,975 shares during the last quarter. State Street Corp raised its holdings in shares of Allient by 0.8% during the third quarter. State Street Corp now owns 306,239 shares of the company's stock worth $5,815,000 after purchasing an additional 2,453 shares during the last quarter. Pinnacle Associates Ltd. raised its holdings in shares of Allient by 7.9% during the third quarter. Pinnacle Associates Ltd. now owns 267,806 shares of the company's stock worth $5,086,000 after purchasing an additional 19,622 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. raised its holdings in shares of Allient by 29.2% during the third quarter. Diamond Hill Capital Management Inc. now owns 238,844 shares of the company's stock worth $4,536,000 after purchasing an additional 54,005 shares during the last quarter. Hedge funds and other institutional investors own 61.57% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Northland Capmk upgraded shares of Allient from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Northland Securities upgraded shares of Allient from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $30.00 to $35.00 in a research report on Tuesday, February 11th.

Allient Stock Down 0.7 %

Shares of NASDAQ:ALNT traded down $0.20 during trading hours on Friday, reaching $26.67. The stock had a trading volume of 144,795 shares, compared to its average volume of 66,319. Allient Inc. has a 1 year low of $16.91 and a 1 year high of $36.33. The firm's 50 day moving average is $25.20 and its 200-day moving average is $22.59. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. The stock has a market capitalization of $449.31 million, a price-to-earnings ratio of 30.31 and a beta of 1.61.

Allient Profile

Allient Inc, together with its subsidiaries, designs, manufactures, and sells precision and specialty controlled motion components and systems for various industries in the United States, Canada, South America, Europe, and Asia-Pacific. It offers brush and brushless DC motors, brushless servo and torque motors, coreless DC motors, integrated brushless motor-drives, gearmotors, gearing, modular digital servo drives, motion controllers, optical encoders, active and passive filters, input/output modules, industrial communications gateways, light-weighting technologies, and other controlled motion-related products, as well as nano precision positioning systems, servo control systems, and digital servo amplifiers and drives.