Allient Inc. $ALNT Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in Allient Inc. (NASDAQ:ALNT) by 2.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,011,253 shares of the company’s stock after acquiring an additional 26,438 shares during the period. Vanguard Group Inc. owned about 0.06% of Allient worth $54,355,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership raised its holdings in Allient by 20.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 290,696 shares of the company’s stock valued at $13,009,000 after buying an additional 49,384 shares during the period. Portolan Capital Management LLC purchased a new stake in Allient in the 3rd quarter valued at about $11,530,000. Marshall Wace LLP raised its holdings in Allient by 1,291.3% in the 3rd quarter. Marshall Wace LLP now owns 153,819 shares of the company’s stock valued at $6,883,000 after buying an additional 142,763 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in Allient in the 3rd quarter valued at about $6,656,000. Finally, Handelsbanken Fonder AB purchased a new stake in Allient in the 3rd quarter valued at about $5,888,000. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

Allient Stock Down 3.5%

ALNT stock opened at $61.33 on Friday. The company’s 50 day moving average price is $66.49 and its 200 day moving average price is $61.12. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.15 and a current ratio of 3.73. Allient Inc. has a fifty-two week low of $29.57 and a fifty-two week high of $80.39. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 42.89 and a beta of 1.65.

Allient (NASDAQ:ALNT) last released its earnings results on Wednesday, May 6th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). Allient had a return on equity of 12.47% and a net margin of 4.25%.The firm had revenue of $138.92 million for the quarter, compared to analysts’ expectations of $138.42 million. On average, equities research analysts anticipate that Allient Inc. will post 2.47 EPS for the current fiscal year.

Allient Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 21st will be paid a dividend of $0.04 per share. The ex-dividend date is Thursday, May 21st. This is a positive change from Allient’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.3%. Allient’s payout ratio is currently 11.19%.

Analyst Upgrades and Downgrades

ALNT has been the topic of several research analyst reports. Weiss Ratings lowered shares of Allient from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Lake Street Capital initiated coverage on shares of Allient in a report on Wednesday, February 18th. They issued a “buy” rating and a $79.00 price objective on the stock. Roth Mkm restated a “buy” rating and issued a $70.00 price objective on shares of Allient in a report on Friday, May 8th. Craig Hallum restated a “buy” rating and issued a $75.00 price objective on shares of Allient in a report on Monday, March 9th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Allient from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.25.

Allient Company Profile

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.