Wasatch Advisors LP Has $9.25 Million Stock Position in Allient Inc. (NASDAQ:ALNT)

Wasatch Advisors LP decreased its stake in Allient Inc. (NASDAQ:ALNT) by 9.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 487,261 shares of the company’s stock after selling 49,028 shares during the quarter. Wasatch Advisors LP owned 2.89% of Allient worth $9,253,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in Allient by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 728,813 shares of the company’s stock worth $26,004,000 after acquiring an additional 9,680 shares during the period. Janus Henderson Group PLC acquired a new stake in Allient during the 1st quarter worth about $222,000. California State Teachers Retirement System acquired a new stake in Allient during the 1st quarter worth about $514,000. Virtu Financial LLC acquired a new stake in Allient during the 1st quarter worth about $414,000. Finally, Boston Partners acquired a new stake in Allient during the 1st quarter worth about $386,000. Institutional investors and hedge funds own 61.57% of the company’s stock.

Allient Stock Up 1.2 %

Shares of ALNT stock opened at $25.97 on Friday. The stock’s 50 day simple moving average is $20.44 and its 200 day simple moving average is $23.01. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. Allient Inc. has a twelve month low of $16.91 and a twelve month high of $36.33. The company has a market capitalization of $437.33 million, a price-to-earnings ratio of 29.51 and a beta of 1.51.

Allient (NASDAQ:ALNT) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.10. The business had revenue of $125.21 million for the quarter, compared to the consensus estimate of $124.28 million. Allient had a return on equity of 10.80% and a net margin of 2.64%. During the same period last year, the business earned $0.61 EPS. As a group, research 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, December 5th. Shareholders of record on Thursday, November 21st will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Thursday, November 21st. Allient’s dividend payout ratio is currently 13.64%.

Analyst Upgrades and Downgrades

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

Allient 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.