Allient Inc. $ALNT Shares Bought by Globeflex Capital L P

Globeflex Capital L P grew its position in shares of Allient Inc. (NASDAQ:ALNT) by 50.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 41,832 shares of the company’s stock after purchasing an additional 14,017 shares during the quarter. Globeflex Capital L P’s holdings in Allient were worth $2,248,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Tudor Investment Corp ET AL purchased a new stake in Allient in the third quarter valued at approximately $3,196,000. Handelsbanken Fonder AB purchased a new stake in Allient in the third quarter valued at approximately $5,888,000. Jennison Associates LLC purchased a new stake in Allient in the fourth quarter valued at approximately $8,982,000. Principal Financial Group Inc. purchased a new stake in Allient in the third quarter valued at approximately $647,000. Finally, Teton Advisors LLC purchased a new stake in Allient in the third quarter valued at approximately $3,007,000. 61.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ALNT. Wall Street Zen downgraded shares of Allient from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings downgraded shares of Allient from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. JPMorgan Chase & Co. upgraded shares of Allient from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $65.00 to $80.00 in a report on Tuesday, May 26th. Roth Mkm restated a “buy” rating and issued a $70.00 target price on shares of Allient in a report on Friday, May 8th. Finally, Lake Street Capital began coverage on shares of Allient in a report on Wednesday, February 18th. They issued a “buy” rating and a $79.00 target price for the company. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.33.

Allient Trading Up 3.5%

Shares of ALNT stock opened at $89.80 on Friday. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 62.80 and a beta of 1.63. The company has a quick ratio of 2.15, a current ratio of 3.73 and a debt-to-equity ratio of 0.58. Allient Inc. has a fifty-two week low of $31.14 and a fifty-two week high of $91.11. The firm’s 50 day moving average price is $69.22 and its two-hundred day moving average price is $63.08.

Allient (NASDAQ:ALNT) last announced its quarterly 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). The business had revenue of $138.92 million for the quarter, compared to analyst estimates of $138.42 million. Allient had a net margin of 4.25% and a return on equity of 12.47%. On average, analysts anticipate that Allient Inc. will post 2.47 EPS for the current year.

Allient Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.2%. This is a positive change from Allient’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, May 21st. Allient’s dividend payout ratio is presently 11.19%.

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.