Fisher Asset Management LLC Buys Shares of 33,215 Allient Inc. (NASDAQ:ALNT)

Fisher Asset Management LLC purchased a new position in shares of Allient Inc. (NASDAQ:ALNT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,215 shares of the company’s stock, valued at approximately $1,003,000. Fisher Asset Management LLC owned 0.20% of Allient at the end of the most recent reporting period.

Allient Stock Down 0.4 %

Shares of NASDAQ:ALNT opened at $25.48 on Friday. The firm’s 50-day moving average is $28.08 and its two-hundred day moving average is $29.42. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.56 and a quick ratio of 1.85. Allient Inc. has a 1 year low of $24.15 and a 1 year high of $40.59. The firm has a market capitalization of $427.55 million, a PE ratio of 16.87 and a beta of 1.60.

Allient (NASDAQ:ALNT) last released its earnings results on Wednesday, May 8th. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.07. Allient had a net margin of 4.26% and a return on equity of 15.26%. The firm had revenue of $146.71 million for the quarter, compared to analyst estimates of $145.84 million. Analysts predict that Allient Inc. will post 1.85 EPS for the current year.

Allient Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Investors of record on Thursday, May 23rd were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.47%. Allient’s payout ratio is 7.95%.

Analysts Set New Price Targets

ALNT has been the topic of a number of recent research reports. Northland Securities reiterated a “market perform” rating and set a $40.00 price target (down from $45.00) on shares of Allient in a research note on Thursday, March 7th. Roth Mkm cut their price target on shares of Allient from $42.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, May 22nd.

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.