30,890 Shares in Allient Inc. $ALNT Purchased by Lisanti Capital Growth LLC

Key Points

• Lisanti Capital Growth LLC purchased 30,890 Allient shares worth approximately $3.18 million, giving it a 0.18% stake. Institutional investors and hedge funds collectively own 61.57% of the company.
• Allient exceeded quarterly expectations, reporting $0.80 in EPS versus the $0.61 consensus estimate and revenue of $153.77 million, ahead of the $145.68 million forecast.
• CEO Richard S. Warzala sold 70,000 shares for roughly $7.95 million, while analysts maintain a consensus “Buy” rating; Allient also declared a $0.04 quarterly dividend.

Lisanti Capital Growth LLC purchased a new stake in shares of Allient Inc. (NASDAQ:ALNT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,890 shares of the company's stock, valued at approximately $3,180,000. Lisanti Capital Growth LLC owned about 0.18% of Allient as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in shares of Allient during the second quarter worth approximately $25,000. Arax Advisory Partners boosted its holdings in shares of Allient by 113.9% in the 4th quarter. Arax Advisory Partners now owns 494 shares of the company's stock worth $27,000 after acquiring an additional 263 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Allient in the 3rd quarter worth approximately $34,000. Larson Financial Group LLC boosted its holdings in shares of Allient by 149.1% in the 4th quarter. Larson Financial Group LLC now owns 690 shares of the company's stock worth $37,000 after acquiring an additional 413 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its position in Allient by 22.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,160 shares of the company's stock worth $62,000 after acquiring an additional 209 shares during the last quarter. 61.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Allient news, CEO Richard S. Warzala sold 70,000 shares of the business's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $113.58, for a total transaction of $7,950,600.00. Following the completion of the sale, the chief executive officer directly owned 1,499,106 shares of the company's stock, valued at approximately $170,268,459.48. The trade was a 4.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 15.00% of the stock is currently owned by insiders.

Allient Stock Performance

ALNT stock opened at $101.81 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.42 and a quick ratio of 1.95. The company has a 50 day moving average price of $95.10 and a 200 day moving average price of $77.57. Allient Inc. has a fifty-two week low of $41.75 and a fifty-two week high of $118.67. The stock has a market capitalization of $1.73 billion, a PE ratio of 59.89 and a beta of 1.61.

Allient (NASDAQ:ALNT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.19. The firm had revenue of $153.77 million for the quarter, compared to analyst estimates of $145.68 million. Allient had a return on equity of 13.55% and a net margin of 4.98%. Analysts forecast that Allient Inc. will post 2.72 EPS for the current year.

Allient Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a $0.04 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.16 annualized dividend and a yield of 0.2%. Allient's dividend payout ratio (DPR) is currently 9.41%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ALNT shares. Weiss Ratings upgraded Allient from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday. Macquarie Infrastructure set a $80.00 target price on Allient in a report on Tuesday, May 26th. JPMorgan Chase & Co. increased their target price on Allient from $95.00 to $120.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Roth Capital restated a "buy" rating and issued a $70.00 target price on shares of Allient in a research note on Friday, May 8th. Finally, Wall Street Zen raised Allient from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $84.00.

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.

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