Allient Inc. (NASDAQ:ALNT) Shares Acquired by Algert Global LLC

Algert Global LLC grew its stake in Allient Inc. (NASDAQ:ALNT) by 5.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 13,993 shares of the company’s stock after acquiring an additional 689 shares during the period. Algert Global LLC owned about 0.08% of Allient worth $354,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC purchased a new stake in Allient in the second quarter valued at approximately $417,000. AQR Capital Management LLC raised its holdings in shares of Allient by 78.0% in the 2nd quarter. AQR Capital Management LLC now owns 54,476 shares of the company’s stock valued at $1,377,000 after buying an additional 23,863 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of Allient by 115.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 28,895 shares of the company’s stock valued at $730,000 after buying an additional 15,469 shares during the period. Hsbc Holdings PLC lifted its stake in Allient by 178.5% during the 2nd quarter. Hsbc Holdings PLC now owns 47,779 shares of the company’s stock worth $1,197,000 after acquiring an additional 30,626 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Allient by 5.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 655,029 shares of the company’s stock valued at $16,552,000 after acquiring an additional 32,455 shares during the period. 61.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. 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 reduced their target price on shares of Allient from $39.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Finally, Craig Hallum dropped their price target on shares of Allient from $41.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 9th.

Allient Stock Performance

Shares of ALNT opened at $17.64 on Wednesday. Allient Inc. has a 1 year low of $17.36 and a 1 year high of $36.33. The stock has a market capitalization of $295.93 million, a PE ratio of 11.68 and a beta of 1.50. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.00 and a current ratio of 3.90. The stock has a 50-day simple moving average of $20.91 and a 200-day simple moving average of $25.84.

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

Allient Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.68%. The ex-dividend date was Thursday, August 22nd. Allient’s dividend payout ratio (DPR) is presently 7.95%.

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.