Geode Capital Management LLC Has $6.54 Million Stock Position in Allient Inc. (NASDAQ:ALNT)

Geode Capital Management LLC raised its position in Allient Inc. (NASDAQ:ALNT) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 344,166 shares of the company’s stock after buying an additional 5,975 shares during the period. Geode Capital Management LLC owned 2.04% of Allient worth $6,537,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ALNT. FMR LLC raised its stake in shares of Allient by 843.2% in the third quarter. FMR LLC now owns 1,153,537 shares of the company’s stock valued at $21,906,000 after acquiring an additional 1,031,243 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position in Allient by 29.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 238,844 shares of the company’s stock valued at $4,536,000 after purchasing an additional 54,005 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Allient by 56.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 119,754 shares of the company’s stock valued at $2,274,000 after purchasing an additional 43,167 shares during the last quarter. Empowered Funds LLC acquired a new position in Allient in the third quarter worth $770,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Allient by 5.2% during the second quarter. Dimensional Fund Advisors LP now owns 655,029 shares of the company’s stock worth $16,552,000 after purchasing an additional 32,455 shares during the last quarter. 61.57% of the stock is owned by institutional investors.

Allient Stock Performance

Allient stock opened at $25.61 on Friday. The stock has a 50-day simple moving average of $23.82 and a 200 day simple moving average of $22.76. The stock has a market capitalization of $431.40 million, a price-to-earnings ratio of 29.10 and a beta of 1.61. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. Allient Inc. has a 12-month low of $16.91 and a 12-month high of $36.33.

Allient (NASDAQ:ALNT) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the company posted $0.61 EPS. On average, research analysts anticipate that Allient Inc. will post 1.43 earnings per share for the current fiscal year.

Allient Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, November 21st were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Thursday, November 21st. Allient’s dividend payout ratio (DPR) is presently 13.64%.

About Allient

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.