Vanguard Group Inc. Sells 16,984 Shares of Allient Inc. (NASDAQ:ALNT)

Vanguard Group Inc. decreased its holdings in Allient Inc. (NASDAQ:ALNT - Free Report) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 843,904 shares of the company's stock after selling 16,984 shares during the quarter. Vanguard Group Inc. owned approximately 5.01% of Allient worth $20,490,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ALNT. New York State Teachers Retirement System bought a new stake in shares of Allient in the 4th quarter valued at about $32,000. Globeflex Capital L P acquired a new position in shares of Allient in the fourth quarter worth approximately $118,000. one8zero8 LLC acquired a new position in shares of Allient in the fourth quarter worth approximately $214,000. AlphaQuest LLC boosted its holdings in Allient by 283.4% in the fourth quarter. AlphaQuest LLC now owns 9,889 shares of the company's stock valued at $240,000 after acquiring an additional 7,310 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Allient during the 3rd quarter valued at approximately $249,000. 61.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ALNT. Northland Capmk upgraded shares of Allient from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, February 11th. Northland Securities upgraded shares of Allient from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $30.00 to $35.00 in a report on Tuesday, February 11th.

Allient Stock Performance

ALNT stock traded down $0.13 during midday trading on Friday, hitting $21.02. The company's stock had a trading volume of 74,733 shares, compared to its average volume of 113,937. Allient Inc. has a 1 year low of $16.91 and a 1 year high of $32.00. The stock has a market cap of $356.25 million, a price-to-earnings ratio of 23.89 and a beta of 1.43. The stock's 50-day moving average price is $23.39 and its 200 day moving average price is $23.32. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85.

Allient (NASDAQ:ALNT - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.03. The firm had revenue of $122.01 million for the quarter, compared to analyst estimates of $119.72 million. Allient had a return on equity of 10.80% and a net margin of 2.64%. On average, equities analysts forecast that Allient Inc. will post 1.43 EPS for the current year.

Allient Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, March 20th. Allient's dividend payout ratio is presently 15.00%.

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.