Allient Inc. $ALNT Shares Sold by Seizert Capital Partners LLC

Key Points

• Seizert Capital Partners cut its Allient stake by 11.2%, selling 15,049 shares and leaving it with 119,834 shares (about $6.44M); overall institutional ownership stands at 61.57% with several other funds increasing positions.
• Allient beat quarterly expectations, reporting EPS of $0.55 versus $0.46 expected and revenue of $143.35M versus $133.33M, while analysts forecast ~2.58 EPS for the year and the consensus rating is "Hold" with a $63.60 target.
• Shares are trading near their 52-week high (opened at $76.28; high $77.39), the company has a market cap of $1.30B and a P/E of 57.79, and it pays a small quarterly dividend of $0.03 (0.2% yield).

Seizert Capital Partners LLC cut its position in shares of Allient Inc. (NASDAQ:ALNT - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 119,834 shares of the company's stock after selling 15,049 shares during the quarter. Seizert Capital Partners LLC owned 0.71% of Allient worth $6,441,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Royal Bank of Canada boosted its stake in Allient by 19.8% during the first quarter. Royal Bank of Canada now owns 111,570 shares of the company's stock valued at $2,453,000 after buying an additional 18,416 shares in the last quarter. AQR Capital Management LLC raised its position in Allient by 8.0% in the first quarter. AQR Capital Management LLC now owns 53,661 shares of the company's stock worth $1,179,000 after acquiring an additional 3,979 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Allient by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,736 shares of the company's stock valued at $192,000 after acquiring an additional 390 shares during the last quarter. Empowered Funds LLC lifted its holdings in Allient by 8.1% in the 1st quarter. Empowered Funds LLC now owns 46,044 shares of the company's stock valued at $1,012,000 after acquiring an additional 3,458 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Allient by 9.9% during the 1st quarter. Jane Street Group LLC now owns 18,379 shares of the company's stock valued at $404,000 after purchasing an additional 1,663 shares in the last quarter. Institutional investors own 61.57% of the company's stock.

Allient Stock Performance

Allient stock opened at $76.28 on Monday. The company has a 50 day moving average price of $66.25 and a 200 day moving average price of $60.23. Allient Inc. has a 52 week low of $21.52 and a 52 week high of $77.39. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.08 and a current ratio of 3.66. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 57.79 and a beta of 1.65.

Allient (NASDAQ:ALNT - Get Free Report) last announced its earnings results on Thursday, March 5th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.09. The company had revenue of $143.35 million for the quarter, compared to the consensus estimate of $133.33 million. Allient had a net margin of 3.97% and a return on equity of 12.53%. Research analysts forecast that Allient Inc. will post 2.58 EPS for the current year.

Allient Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Friday, March 20th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, March 20th. Allient's payout ratio is presently 9.09%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Lake Street Capital started coverage on shares of Allient in a report on Wednesday, February 18th. They set a "buy" rating and a $79.00 target price for the company. Craig Hallum reissued a "buy" rating and set a $75.00 price objective on shares of Allient in a research note on Monday, March 9th. Roth Mkm boosted their target price on Allient from $56.00 to $69.00 and gave the stock a "buy" rating in a research report on Monday, March 16th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Allient in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $63.60.

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.

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