AQR Capital Management LLC Has $1.38 Million Stock Position in Allient Inc. (NASDAQ:ALNT)

AQR Capital Management LLC grew its stake in Allient Inc. (NASDAQ:ALNT) by 78.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,476 shares of the company’s stock after buying an additional 23,863 shares during the quarter. AQR Capital Management LLC owned 0.32% of Allient worth $1,377,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ALNT. Juniper Investment Company LLC acquired a new position in shares of Allient during the first quarter worth about $27,069,000. Vanguard Group Inc. raised its holdings in shares of Allient by 1.3% in the first quarter. Vanguard Group Inc. now owns 728,813 shares of the company’s stock valued at $26,004,000 after purchasing an additional 9,680 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Allient by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 655,029 shares of the company’s stock valued at $16,552,000 after purchasing an additional 32,455 shares during the last quarter. Wasatch Advisors LP bought a new stake in shares of Allient in the first quarter worth $20,914,000. Finally, Russell Investments Group Ltd. acquired a new position in Allient during the first quarter worth $5,723,000. Institutional investors own 61.57% of the company’s stock.

Allient Trading Up 1.7 %

NASDAQ:ALNT opened at $18.42 on Friday. The firm has a market cap of $309.01 million, a P/E ratio of 12.20 and a beta of 1.50. Allient Inc. has a 52 week low of $17.36 and a 52 week high of $36.33. The firm’s fifty day moving average is $20.48 and its 200-day moving average is $25.62. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.00 and a current ratio of 3.90.

Allient (NASDAQ:ALNT) last issued its earnings results on Wednesday, August 7th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.11). The firm had revenue of $136.03 million during the quarter, compared to the consensus estimate of $137.55 million. Allient had a return on equity of 13.04% and a net margin of 3.35%. During the same quarter in the prior year, the business earned $0.58 earnings per share. Equities analysts expect that Allient Inc. will post 1.29 earnings per share for the current year.

Allient Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.12 annualized dividend and a yield of 0.65%. Allient’s dividend payout ratio (DPR) is currently 7.95%.

Analyst Ratings Changes

Several research firms recently weighed in on ALNT. Craig Hallum decreased their target price on shares of Allient from $41.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Roth Mkm cut their price objective on shares of Allient from $39.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Finally, Northland Securities reduced their target price on Allient from $35.00 to $30.00 and set a “market perform” rating on the stock in a report on Friday, August 9th.

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.