Teacher Retirement System of Texas bought a new position in Allient Inc. (NASDAQ:ALNT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 39,580 shares of the company's stock, valued at approximately $961,000. Teacher Retirement System of Texas owned about 0.24% of Allient as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new position in shares of Allient in the 4th quarter valued at $32,000. Point72 DIFC Ltd acquired a new position in Allient in the third quarter valued at $33,000. Charles Schwab Investment Management Inc. grew its position in Allient by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 72,179 shares of the company's stock valued at $1,753,000 after acquiring an additional 1,779 shares during the period. Empowered Funds LLC increased its stake in Allient by 5.0% during the fourth quarter. Empowered Funds LLC now owns 42,586 shares of the company's stock worth $1,034,000 after acquiring an additional 2,040 shares during the last quarter. Finally, 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 worth $5,815,000 after purchasing an additional 2,453 shares during the period. 61.57% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on ALNT. Northland Capmk upgraded Allient from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th. Northland Securities raised shares of Allient from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $30.00 to $35.00 in a research report on Tuesday, February 11th.
View Our Latest Report on ALNT
Allient Stock Up 0.4 %
Shares of NASDAQ ALNT traded up $0.08 on Wednesday, hitting $22.08. The company had a trading volume of 78,830 shares, compared to its average volume of 110,628. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. Allient Inc. has a 12-month low of $16.91 and a 12-month high of $34.23. The firm has a market capitalization of $374.21 million, a P/E ratio of 25.09 and a beta of 1.59. The business has a 50 day moving average of $24.64 and a two-hundred day moving average of $23.18.
Allient (NASDAQ:ALNT - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.31 earnings per share for the quarter, topping 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 firm had revenue of $122.01 million during the quarter, compared to analysts' expectations of $119.72 million. As a group, equities research analysts forecast that Allient Inc. will post 1.43 earnings per share for the current fiscal year.
Allient Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.12 annualized dividend and a dividend yield of 0.54%. Allient's dividend payout ratio (DPR) is presently 15.00%.
Allient Company Profile
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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.
Further Reading
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