Allient Inc. (NASDAQ:ALNT) Position Increased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its holdings in shares of Allient Inc. (NASDAQ:ALNT) by 23,963.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 406,193 shares of the company’s stock after buying an additional 404,505 shares during the period. Allspring Global Investments Holdings LLC owned about 2.41% of Allient worth $9,948,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ALNT. Diamond Hill Capital Management Inc. boosted its stake in shares of Allient by 29.2% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 238,844 shares of the company’s stock valued at $4,536,000 after buying an additional 54,005 shares during the period. Barclays PLC boosted its stake in shares of Allient by 61.2% during the 3rd quarter. Barclays PLC now owns 45,362 shares of the company’s stock valued at $862,000 after buying an additional 17,216 shares during the period. Franklin Resources Inc. boosted its stake in shares of Allient by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 28,034 shares of the company’s stock valued at $516,000 after buying an additional 11,986 shares during the period. Geode Capital Management LLC boosted its stake in shares of Allient by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 344,166 shares of the company’s stock valued at $6,537,000 after buying an additional 5,975 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Allient during the 3rd quarter valued at $386,000. Institutional investors and hedge funds own 61.57% of the company’s stock.

Analyst Ratings Changes

ALNT has been the topic of several recent analyst reports. Northland Securities upgraded shares of Allient from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $30.00 to $35.00 in a report on Tuesday, February 11th. Northland Capmk upgraded shares of Allient from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th.

Allient Stock Performance

NASDAQ:ALNT opened at $27.06 on Wednesday. The firm’s 50-day moving average is $25.17 and its 200-day moving average is $22.50. Allient Inc. has a 52-week low of $16.91 and a 52-week high of $36.33. 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 company has a market cap of $455.67 million, a price-to-earnings ratio of 30.75 and a beta of 1.61.

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.