JPMorgan Chase & Co. grew its holdings in Allient Inc. (NASDAQ:ALNT - Free Report) by 71.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 89,004 shares of the company's stock after purchasing an additional 37,151 shares during the quarter. JPMorgan Chase & Co. owned 0.53% of Allient worth $1,690,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. FMR LLC increased its stake 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 buying an additional 1,031,243 shares during the period. Dimensional Fund Advisors LP grew its holdings in Allient by 5.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 655,029 shares of the company's stock worth $16,552,000 after acquiring an additional 32,455 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Allient by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 344,166 shares of the company's stock valued at $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% in the 3rd quarter. State Street Corp now owns 306,239 shares of the company's stock valued at $5,815,000 after purchasing an additional 2,453 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its position in shares of Allient by 7.9% during the 3rd 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. Institutional investors and hedge funds own 61.57% of the company's stock.
Allient Stock Up 2.6 %
NASDAQ:ALNT traded up $0.66 during trading hours on Thursday, hitting $26.54. The company's stock had a trading volume of 68,346 shares, compared to its average volume of 110,191. Allient Inc. has a 52-week low of $16.91 and a 52-week high of $36.33. The company has a current ratio of 4.10, a quick ratio of 2.18 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $446.93 million, a P/E ratio of 30.16 and a beta of 1.61. The stock has a fifty day moving average of $25.16 and a 200-day moving average of $22.76.
Allient (NASDAQ:ALNT - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.10. The business had revenue of $125.21 million for the quarter, compared to the consensus estimate of $124.28 million. Allient had a return on equity of 10.80% and a net margin of 2.64%. During the same quarter in the prior year, the business posted $0.61 EPS. On average, equities analysts forecast that Allient Inc. will post 1.43 earnings per share for the current year.
Allient Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.45%. The ex-dividend date of this dividend was Thursday, November 21st. Allient's payout ratio is 13.64%.
About Allient
(
Free Report)
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.
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