Allient Inc. (NASDAQ:ALNT) Shares Sold by Boston Partners

Boston Partners lessened its holdings in shares of Allient Inc. (NASDAQ:ALNT) by 47.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,790 shares of the company’s stock after selling 10,666 shares during the quarter. Boston Partners’ holdings in Allient were worth $286,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. New York State Teachers Retirement System acquired a new position in Allient during the fourth quarter worth about $32,000. Point72 DIFC Ltd acquired a new position in shares of Allient during the 3rd quarter worth approximately $33,000. Globeflex Capital L P purchased a new stake in shares of Allient in the fourth quarter valued at approximately $118,000. one8zero8 LLC acquired a new stake in shares of Allient in the fourth quarter valued at approximately $214,000. Finally, AlphaQuest LLC lifted its position in Allient by 283.4% during the fourth quarter. AlphaQuest LLC now owns 9,889 shares of the company’s stock worth $240,000 after buying an additional 7,310 shares in the last quarter. Hedge funds and other institutional investors own 61.57% of the company’s stock.

Allient Trading Down 0.3 %

Shares of Allient stock opened at $23.81 on Monday. Allient Inc. has a fifty-two week low of $16.91 and a fifty-two week high of $36.33. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. The firm has a market capitalization of $401.08 million, a price-to-earnings ratio of 27.06 and a beta of 1.59. The stock has a 50 day moving average of $25.04 and a 200 day moving average of $23.01.

Allient (NASDAQ:ALNT) 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. The business had revenue of $122.01 million during the quarter, compared to analysts’ expectations of $119.72 million. Allient had a return on equity of 10.80% and a net margin of 2.64%. As a group, research analysts predict that Allient Inc. will post 1.43 earnings per share for the current year.

Allient Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be issued 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 0.50%. Allient’s dividend payout ratio is currently 15.00%.

Wall Street Analyst Weigh In

ALNT has been the subject of several analyst reports. Northland Securities upgraded Allient from a “market perform” rating to an “outperform” rating and upped their target price for the company from $30.00 to $35.00 in a report on Tuesday, February 11th. Northland Capmk upgraded shares of Allient from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th.

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.