JPMorgan Chase & Co. Raises Stake in Allient Inc. (NASDAQ:ALNT)

JPMorgan Chase & Co. boosted its holdings in shares of Allient Inc. (NASDAQ:ALNT) by 71.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,004 shares of the company’s stock after acquiring an additional 37,151 shares during the period. JPMorgan Chase & Co. owned 0.53% of Allient worth $1,690,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Point72 DIFC Ltd purchased a new position in Allient in the third quarter worth about $33,000. Copeland Capital Management LLC purchased a new position in Allient in the third quarter worth about $50,000. Pathway Financial Advisers LLC raised its holdings in Allient by 1,798.7% in the third quarter. Pathway Financial Advisers LLC now owns 2,924 shares of the company’s stock worth $56,000 after buying an additional 2,770 shares during the last quarter. Creative Planning purchased a new position in Allient in the third quarter worth about $199,000. Finally, Meixler Investment Management Ltd. raised its holdings in Allient by 11.6% in the third quarter. Meixler Investment Management Ltd. now owns 11,287 shares of the company’s stock worth $214,000 after buying an additional 1,172 shares during the last quarter. 61.57% of the stock is owned by hedge funds and other institutional investors.

Allient Stock Down 2.8 %

Shares of Allient stock opened at $25.88 on Thursday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. The stock has a market capitalization of $435.82 million, a PE ratio of 29.41 and a beta of 1.61. Allient Inc. has a 52-week low of $16.91 and a 52-week high of $36.33. The company has a 50-day simple moving average of $25.13 and a two-hundred day simple moving average of $22.74.

Allient (NASDAQ:ALNT) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.31 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 analyst estimates of $124.28 million. During the same period in the previous year, the business posted $0.61 earnings per share. On average, analysts anticipate that Allient Inc. will post 1.43 EPS for the current fiscal year.

Allient Dividend Announcement

The business also recently declared 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 0.46%. Allient’s dividend 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.