Boston Partners Sells 10,666 Shares of Allient Inc. (NASDAQ:ALNT)

Boston Partners lowered its stake in Allient Inc. (NASDAQ:ALNT - Free Report) by 47.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,790 shares of the company's stock after selling 10,666 shares during the quarter. Boston Partners owned 0.07% of Allient worth $286,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its stake in Allient by 23,963.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 406,193 shares of the company's stock valued at $9,948,000 after acquiring an additional 404,505 shares during the last quarter. Barclays PLC grew its position in shares of Allient by 61.2% in the third quarter. Barclays PLC now owns 45,362 shares of the company's stock valued at $862,000 after purchasing an additional 17,216 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Allient by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 28,034 shares of the company's stock worth $516,000 after purchasing an additional 11,986 shares in the last quarter. Geode Capital Management LLC grew its holdings in Allient by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 344,166 shares of the company's stock valued at $6,537,000 after buying an additional 5,975 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Allient during the third quarter valued at about $386,000. 61.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ALNT has been the subject of several research analyst reports. Northland Capmk raised Allient from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 11th. Northland Securities raised shares of Allient from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $30.00 to $35.00 in a research note on Tuesday, February 11th.

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Allient Trading Down 0.4 %

NASDAQ ALNT traded down $0.09 during trading on Thursday, hitting $23.27. The company had a trading volume of 32,729 shares, compared to its average volume of 107,208. The company's fifty day moving average is $24.99 and its 200-day moving average is $23.07. The company has a market cap of $391.98 million, a price-to-earnings ratio of 26.44 and a beta of 1.59. The company has a current ratio of 4.10, a quick ratio of 2.18 and a debt-to-equity ratio of 0.85. Allient Inc. has a one year low of $16.91 and a one year high of $36.33.

Allient (NASDAQ:ALNT - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $119.72 million. On average, sell-side analysts predict that Allient Inc. will post 1.43 earnings per share for the current year.

Allient Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Thursday, March 20th. Allient's dividend payout ratio is currently 15.00%.

About Allient

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.