Allient Inc. (NASDAQ:ALNT) Stock Holdings Increased by State Street Corp

State Street Corp lifted its stake in shares of Allient Inc. (NASDAQ:ALNT) by 0.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 306,239 shares of the company’s stock after acquiring an additional 2,453 shares during the quarter. State Street Corp owned about 1.82% of Allient worth $5,815,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Isthmus Partners LLC boosted its holdings 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. Point72 DIFC Ltd purchased a new stake in shares of Allient in the third quarter valued at $33,000. Copeland Capital Management LLC purchased a new position in Allient during the 3rd quarter valued at about $50,000. Pathway Financial Advisers LLC increased its holdings 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 purchasing an additional 2,770 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Allient by 143.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 3,856 shares of the company’s stock worth $97,000 after purchasing an additional 2,271 shares in the last quarter. Institutional investors own 61.57% of the company’s stock.

Allient Trading Down 2.1 %

NASDAQ ALNT opened at $24.03 on Friday. Allient Inc. has a 1-year low of $16.91 and a 1-year high of $36.33. The firm’s fifty day simple moving average is $23.12 and its 200-day simple moving average is $22.77. The company has a current ratio of 4.10, a quick ratio of 2.18 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $404.79 million, a PE ratio of 27.31 and a beta of 1.61.

Allient (NASDAQ:ALNT) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.10. Allient had a net margin of 2.64% and a return on equity of 10.80%. The firm had revenue of $125.21 million during the quarter, compared to analysts’ expectations of $124.28 million. During the same period in the prior year, the company posted $0.61 earnings per share. As a group, sell-side analysts anticipate that Allient Inc. will post 1.43 earnings per share for the current fiscal year.

Allient Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were paid a $0.03 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.50%. Allient’s payout ratio is presently 13.64%.

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.