Fmr LLC Raises Stake in Allient Inc. (NASDAQ:ALNT)

FMR LLC raised its holdings in Allient Inc. (NASDAQ:ALNT - Free Report) by 843.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,153,537 shares of the company's stock after buying an additional 1,031,243 shares during the period. FMR LLC owned approximately 6.85% of Allient worth $21,906,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ALNT. Diamond Hill Capital Management Inc. boosted its position in Allient by 29.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 238,844 shares of the company's stock valued at $4,536,000 after buying an additional 54,005 shares during the period. Assenagon Asset Management S.A. boosted its position in Allient by 56.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 119,754 shares of the company's stock valued at $2,274,000 after buying an additional 43,167 shares during the period. Empowered Funds LLC purchased a new position in Allient in the 3rd quarter valued at approximately $770,000. Dimensional Fund Advisors LP boosted its position in Allient by 5.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 655,029 shares of the company's stock valued at $16,552,000 after buying an additional 32,455 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in shares of Allient by 178.5% in the 2nd quarter. Hsbc Holdings PLC now owns 47,779 shares of the company's stock valued at $1,197,000 after purchasing an additional 30,626 shares in the last quarter. Hedge funds and other institutional investors own 61.57% of the company's stock.

Allient Stock Down 0.7 %

Shares of ALNT traded down $0.20 during midday trading on Tuesday, reaching $27.35. The stock had a trading volume of 158,379 shares, compared to its average volume of 105,592. Allient Inc. has a 1-year low of $16.91 and a 1-year high of $36.33. The company's fifty day simple moving average is $21.50 and its two-hundred day simple moving average is $22.90. The company has a market cap of $460.71 million, a price-to-earnings ratio of 31.08 and a beta of 1.61. 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 (NASDAQ:ALNT - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.10. Allient had a net margin of 2.64% and a return on equity of 10.80%. The business had revenue of $125.21 million for the quarter, compared to analyst estimates of $124.28 million. During the same period last year, the business earned $0.61 EPS. Equities research analysts expect that Allient Inc. will post 1.43 earnings per share for the current year.

Allient Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.12 annualized dividend and a yield of 0.44%. Allient's dividend payout ratio is currently 13.64%.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reduced their price objective on shares of Allient from $39.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, August 13th.

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.