Wasatch Advisors LP cut its holdings in shares of Allient Inc. (NASDAQ:ALNT - Free Report) by 9.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 487,261 shares of the company's stock after selling 49,028 shares during the quarter. Wasatch Advisors LP owned 2.89% of Allient worth $9,253,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in ALNT. CWM LLC increased its position in shares of Allient by 798.2% during the second quarter. CWM LLC now owns 1,006 shares of the company's stock valued at $25,000 after acquiring an additional 894 shares in the last quarter. Isthmus Partners LLC lifted its position in shares of Allient by 0.7% in the second quarter. Isthmus Partners LLC now owns 98,165 shares of the company's stock valued at $25,000 after acquiring an additional 653 shares in the last quarter. Copeland Capital Management LLC purchased a new position in shares of Allient in the third quarter worth $50,000. Pathway Financial Advisers LLC boosted its holdings in shares of Allient by 1,798.7% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,924 shares of the company's stock valued at $56,000 after purchasing an additional 2,770 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Allient by 143.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,856 shares of the company's stock valued at $97,000 after buying an additional 2,271 shares in the last quarter. Hedge funds and other institutional investors own 61.57% of the company's stock.
Allient Stock Up 1.2 %
Allient stock traded up $0.32 during mid-day trading on Friday, reaching $25.97. 71,241 shares of the company were exchanged, compared to its average volume of 198,684. The firm has a market cap of $437.33 million, a P/E ratio of 29.51 and a beta of 1.51. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. Allient Inc. has a 12-month low of $16.91 and a 12-month high of $36.33. The business has a fifty day moving average of $20.44 and a 200 day moving average of $22.97.
Allient (NASDAQ:ALNT - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.21 by $0.10. The firm had revenue of $125.21 million during the quarter, compared to analyst estimates of $124.28 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. During the same quarter in the previous year, the business posted $0.61 EPS. Research analysts anticipate that Allient Inc. will post 1.43 earnings per share for the current fiscal year.
Allient Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, November 21st will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Thursday, November 21st. Allient's dividend payout ratio (DPR) is presently 13.64%.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on ALNT. Roth Mkm cut their target price on shares of Allient from $39.00 to $28.00 and set a "buy" rating for the company in a report on Tuesday, August 13th. Craig Hallum dropped their target price on shares of Allient from $41.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Finally, Northland Securities decreased their price target on shares of Allient from $35.00 to $30.00 and set a "market perform" rating for the company in a research note on Friday, August 9th.
Read Our Latest Stock Analysis on Allient
Allient Profile
(
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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