299,340 Shares in Allient Inc. (NASDAQ:ALNT) Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership acquired a new position in Allient Inc. (NASDAQ:ALNT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 299,340 shares of the company's stock, valued at approximately $7,268,000. Arrowstreet Capital Limited Partnership owned approximately 1.78% of Allient as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ALNT. New York State Teachers Retirement System purchased a new position in Allient in the fourth quarter worth about $32,000. Point72 DIFC Ltd purchased a new position in shares of Allient in the 3rd quarter worth approximately $33,000. Globeflex Capital L P purchased a new position in shares of Allient in the 4th quarter worth approximately $118,000. one8zero8 LLC bought a new position in shares of Allient during the 4th quarter valued at approximately $214,000. Finally, Prudential Financial Inc. purchased a new stake in Allient during the 4th quarter valued at $215,000. 61.57% of the stock is currently owned by institutional investors.

Allient Trading Down 3.1 %

Shares of NASDAQ:ALNT traded down $0.66 during trading on Friday, reaching $20.90. 111,581 shares of the company were exchanged, compared to its average volume of 113,252. The business's fifty day simple moving average is $23.78 and its 200-day simple moving average is $23.19. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.10 and a quick ratio of 2.18. Allient Inc. has a 12-month low of $16.91 and a 12-month high of $32.36. The firm has a market capitalization of $354.21 million, a PE ratio of 23.75 and a beta of 1.43.

Allient (NASDAQ:ALNT - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.28 by $0.03. Allient had a return on equity of 10.80% and a net margin of 2.64%. The company had revenue of $122.01 million for the quarter, compared to the consensus estimate of $119.72 million. On average, research analysts anticipate that Allient Inc. will post 1.43 EPS for the current year.

Allient Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Thursday, March 20th. Allient's dividend payout ratio (DPR) is presently 15.00%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Northland Securities upgraded shares of Allient from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $30.00 to $35.00 in a research report on Tuesday, February 11th. Northland Capmk raised Allient from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th.

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.