Vanguard Group Inc. lifted its position in Allient Inc. (NASDAQ:ALNT - Free Report) by 7.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 908,965 shares of the company's stock after purchasing an additional 65,061 shares during the quarter. Vanguard Group Inc. owned 5.36% of Allient worth $19,979,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in Allient in the 4th quarter worth approximately $41,000. CWM LLC grew its position in Allient by 105.2% during the first quarter. CWM LLC now owns 1,890 shares of the company's stock valued at $42,000 after acquiring an additional 969 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of Allient during the first quarter worth approximately $60,000. Aquatic Capital Management LLC lifted its holdings in shares of Allient by 17.1% in the 4th quarter. Aquatic Capital Management LLC now owns 7,847 shares of the company's stock worth $191,000 after acquiring an additional 1,147 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Allient by 4.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,346 shares of the company's stock worth $203,000 after acquiring an additional 380 shares during the last quarter. 61.57% of the stock is currently owned by institutional investors.
Allient Trading Down 0.5%
Shares of ALNT stock traded down $0.24 on Wednesday, hitting $44.98. 50,786 shares of the company's stock traded hands, compared to its average volume of 120,356. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.17 and a current ratio of 3.74. Allient Inc. has a one year low of $16.91 and a one year high of $48.22. The company's fifty day simple moving average is $41.07 and its 200 day simple moving average is $31.36. The stock has a market capitalization of $762.33 million, a price-to-earnings ratio of 52.29 and a beta of 1.51.
Allient (NASDAQ:ALNT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.09. Allient had a net margin of 2.75% and a return on equity of 9.97%. The business had revenue of $139.58 million during the quarter, compared to the consensus estimate of $132.89 million. Equities analysts forecast 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, September 4th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Allient's dividend payout ratio is presently 13.95%.
About Allient
(
Free Report)
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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