Teacher Retirement System of Texas Acquires Shares of 39,580 Allient Inc. (NASDAQ:ALNT)

Teacher Retirement System of Texas bought a new position in Allient Inc. (NASDAQ:ALNT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 39,580 shares of the company’s stock, valued at approximately $961,000. Teacher Retirement System of Texas owned about 0.24% of Allient as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC raised its holdings in Allient by 10.8% in the 3rd quarter. Fisher Asset Management LLC now owns 44,248 shares of the company’s stock worth $840,000 after acquiring an additional 4,311 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Allient in the third quarter worth $386,000. FMR LLC lifted its holdings in shares of Allient by 843.2% during the third quarter. FMR LLC now owns 1,153,537 shares of the company’s stock valued at $21,906,000 after purchasing an additional 1,031,243 shares in the last quarter. Martingale Asset Management L P boosted its position in shares of Allient by 116.1% during the third quarter. Martingale Asset Management L P now owns 23,847 shares of the company’s stock valued at $453,000 after buying an additional 12,813 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new stake in Allient in the 3rd quarter worth about $33,000. Hedge funds and other institutional investors own 61.57% of the company’s stock.

Allient Stock Down 3.4 %

Allient stock opened at $22.49 on Friday. Allient Inc. has a one year low of $16.91 and a one year high of $35.85. The stock has a fifty day moving average of $24.88 and a 200 day moving average of $23.12. 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 cap of $378.84 million, a PE ratio of 25.56 and a beta of 1.59.

Allient (NASDAQ:ALNT) last released its quarterly earnings results on Wednesday, March 5th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. The business had revenue of $122.01 million during the quarter, compared to the consensus estimate of $119.72 million. Allient had a return on equity of 10.80% and a net margin of 2.64%. As a group, sell-side analysts predict that Allient Inc. will post 1.43 EPS for the current year.

Allient Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a $0.03 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.12 annualized dividend and a yield of 0.53%. Allient’s payout ratio is presently 15.00%.

Analysts Set New Price Targets

Several equities analysts have issued reports on ALNT shares. Northland Securities upgraded shares of Allient from a “market perform” rating to an “outperform” rating and upped their target price for the company from $30.00 to $35.00 in a research note on Tuesday, February 11th. Northland Capmk upgraded shares of Allient from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 11th.

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.