Allient Inc. (NASDAQ:ALNT) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its stake in Allient Inc. (NASDAQ:ALNT) by 56.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,688 shares of the company’s stock after selling 2,168 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Allient were worth $32,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Creative Planning acquired a new position in shares of Allient in the 3rd quarter valued at about $199,000. SG Americas Securities LLC lifted its holdings in shares of Allient by 136.2% in the 3rd quarter. SG Americas Securities LLC now owns 11,638 shares of the company’s stock valued at $221,000 after buying an additional 6,711 shares during the period. Cubist Systematic Strategies LLC lifted 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. Algert Global LLC lifted its holdings in shares of Allient by 5.2% in the 2nd quarter. Algert Global LLC now owns 13,993 shares of the company’s stock valued at $354,000 after buying an additional 689 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Allient in the 2nd quarter valued at about $417,000. Institutional investors and hedge funds own 61.57% of the company’s stock.

Allient Trading Up 3.1 %

ALNT opened at $18.78 on Wednesday. Allient Inc. has a one year low of $16.91 and a one year high of $36.33. The stock has a market capitalization of $316.26 million, a PE ratio of 16.19 and a beta of 1.51. The business’s 50 day moving average price is $19.00 and its 200 day moving average price is $23.68. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.00 and a current ratio of 3.90.

Allient (NASDAQ:ALNT) last announced its quarterly earnings data 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 previous year, the business posted $0.58 earnings per share. As a group, equities research analysts expect that Allient Inc. will post 1.29 EPS for the current year.

Wall Street Analyst Weigh In

ALNT has been the subject of a number of analyst reports. Roth Mkm reduced their price target on Allient from $39.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Craig Hallum reduced their price target on Allient from $41.00 to $30.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Northland Securities reduced their price target on Allient from $35.00 to $30.00 and set a “market perform” rating for the company in a report on Friday, August 9th.

Allient 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.