Charles Schwab Investment Management Inc. Has $1.34 Million Position in Allient Inc. (NASDAQ:ALNT)

Charles Schwab Investment Management Inc. cut its stake in Allient Inc. (NASDAQ:ALNT) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,400 shares of the company’s stock after selling 1,527 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.42% of Allient worth $1,337,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC increased its position in shares of Allient by 798.2% in the second quarter. CWM LLC now owns 1,006 shares of the company’s stock worth $25,000 after purchasing an additional 894 shares during the period. Isthmus Partners LLC grew its stake in Allient by 0.7% during the second quarter. Isthmus Partners LLC now owns 98,165 shares of the company’s stock worth $25,000 after buying an additional 653 shares in the last quarter. Copeland Capital Management LLC bought a new position in Allient in the 3rd quarter valued at about $50,000. Pathway Financial Advisers LLC raised its position in shares of Allient by 1,798.7% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,924 shares of the company’s stock valued at $56,000 after buying an additional 2,770 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Allient by 143.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,856 shares of the company’s stock worth $97,000 after acquiring an additional 2,271 shares during the period. 61.57% of the stock is owned by institutional investors and hedge funds.

Allient Stock Performance

Shares of NASDAQ:ALNT opened at $24.87 on Wednesday. Allient Inc. has a 1 year low of $16.91 and a 1 year high of $36.33. The stock has a market capitalization of $418.94 million, a price-to-earnings ratio of 28.26 and a beta of 1.61. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.10 and a quick ratio of 2.18. The company’s 50 day simple moving average is $22.30 and its 200 day simple moving average is $22.87.

Allient (NASDAQ:ALNT) last issued its earnings results on Wednesday, November 6th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.10. Allient had a return on equity of 10.80% and a net margin of 2.64%. The firm had revenue of $125.21 million for the quarter, compared to the consensus estimate of $124.28 million. During the same quarter last year, the business posted $0.61 EPS. As a group, research analysts predict that Allient Inc. will post 1.43 EPS for the current fiscal year.

Allient Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.48%. The ex-dividend date was Thursday, November 21st. Allient’s payout ratio is 13.64%.

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.