Bank of Montreal Can Takes $2.28 Million Position in Allient Inc. (NASDAQ:ALNT)

Bank of Montreal Can acquired a new stake in shares of Allient Inc. (NASDAQ:ALNT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 93,956 shares of the company's stock, valued at approximately $2,281,000. Bank of Montreal Can owned about 0.56% of Allient as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. New York State Teachers Retirement System purchased a new stake in Allient during the 4th quarter valued at $32,000. Hurley Capital LLC bought a new position in Allient during the fourth quarter valued at $38,000. Globeflex Capital L P purchased a new stake in shares of Allient in the fourth quarter valued at $118,000. Alliancebernstein L.P. bought a new stake in shares of Allient in the 4th quarter worth about $211,000. Finally, one8zero8 LLC purchased a new position in shares of Allient during the 4th quarter worth about $214,000. Institutional investors own 61.57% of the company's stock.

Allient Trading Up 2.9 %

ALNT traded up $0.58 on Tuesday, reaching $20.90. 61,157 shares of the company traded hands, compared to its average volume of 113,794. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. The company has a market cap of $354.21 million, a P/E ratio of 23.75 and a beta of 1.43. The firm has a fifty day simple moving average of $23.17 and a two-hundred day simple moving average of $23.32. Allient Inc. has a one year low of $16.91 and a one year high of $32.00.

Allient (NASDAQ:ALNT - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.03. Allient had a net margin of 2.64% and a return on equity of 10.80%. The firm had revenue of $122.01 million during the quarter, compared to the consensus estimate of $119.72 million. As a group, equities research analysts expect that Allient Inc. will post 1.43 earnings per share for the current year.

Allient Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Thursday, March 20th. Allient's dividend payout ratio is 15.00%.

Analysts Set New Price Targets

A number of research firms recently weighed in on ALNT. Northland Capmk raised shares of Allient from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Northland Securities raised Allient from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $30.00 to $35.00 in a research note on Tuesday, February 11th.

Allient Company 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.