Allient Inc. (NASDAQ:ALNT) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its position in shares of Allient Inc. (NASDAQ:ALNT) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 655,029 shares of the company’s stock after acquiring an additional 32,455 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.90% of Allient worth $16,552,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Juniper Investment Company LLC acquired a new stake in shares of Allient during the first quarter worth $27,069,000. Vanguard Group Inc. grew its holdings in Allient by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 728,813 shares of the company’s stock valued at $26,004,000 after buying an additional 9,680 shares during the period. Wasatch Advisors LP acquired a new position in shares of Allient during the 1st quarter valued at about $20,914,000. Pinnacle Associates Ltd. purchased a new position in shares of Allient during the 1st quarter worth about $9,610,000. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Allient in the first quarter worth approximately $5,723,000. 61.57% of the stock is owned by hedge funds and other institutional investors.

Allient Price Performance

Allient stock opened at $17.91 on Friday. The firm has a fifty day moving average of $21.12 and a 200-day moving average of $26.03. Allient Inc. has a 52-week low of $17.36 and a 52-week high of $36.33. The company has a quick ratio of 2.00, a current ratio of 3.90 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $300.46 million, a P/E ratio of 11.86 and a beta of 1.50.

Allient (NASDAQ:ALNT) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.11). The company had revenue of $136.03 million during the quarter, compared to analyst estimates of $137.55 million. Allient had a net margin of 3.35% and a return on equity of 13.04%. During the same quarter in the prior year, the company posted $0.58 earnings per share. As a group, analysts predict that Allient Inc. will post 1.29 EPS for the current year.

Allient Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.67%. The ex-dividend date was Thursday, August 22nd. Allient’s dividend payout ratio (DPR) is presently 7.95%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ALNT. Northland Securities cut their price target on shares of Allient from $35.00 to $30.00 and set a “market perform” rating on the stock in a research note on Friday, August 9th. Roth Mkm cut their target price on Allient from $39.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, Craig Hallum dropped their price target on Allient from $41.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 9th.

About Allient

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.