Allspring Global Investments Holdings LLC Has $9.95 Million Holdings in Allient Inc. (NASDAQ:ALNT)

Allspring Global Investments Holdings LLC boosted its holdings in Allient Inc. (NASDAQ:ALNT) by 23,963.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 406,193 shares of the company’s stock after buying an additional 404,505 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 2.41% of Allient worth $9,948,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. SG Americas Securities LLC increased its holdings in Allient by 136.2% in the third quarter. SG Americas Securities LLC now owns 11,638 shares of the company’s stock worth $221,000 after purchasing an additional 6,711 shares in the last quarter. Creative Planning bought a new stake in Allient in the third quarter worth approximately $199,000. Copeland Capital Management LLC bought a new stake in Allient in the third quarter worth approximately $50,000. Assenagon Asset Management S.A. increased its holdings in Allient by 56.4% in the third quarter. Assenagon Asset Management S.A. now owns 119,754 shares of the company’s stock worth $2,274,000 after purchasing an additional 43,167 shares in the last quarter. Finally, Pathway Financial Advisers LLC increased 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 purchasing an additional 2,770 shares in the last quarter. 61.57% of the stock is owned by institutional investors and hedge funds.

Allient Price Performance

Allient stock opened at $27.06 on Wednesday. Allient Inc. has a 52 week low of $16.91 and a 52 week high of $36.33. The business has a 50-day simple moving average of $25.17 and a 200 day simple moving average of $22.50. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. The stock has a market cap of $455.67 million, a price-to-earnings ratio of 30.75 and a beta of 1.61.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ALNT shares. Northland Capmk upgraded Allient from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Northland Securities raised Allient from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $30.00 to $35.00 in a research report on Tuesday, February 11th.

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.