Allspring Global Investments Holdings LLC Grows Stock Holdings in Allient Inc. (NASDAQ:ALNT)

Allspring Global Investments Holdings LLC boosted its holdings in Allient Inc. (NASDAQ:ALNT - Free Report) by 8.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 442,335 shares of the company's stock after purchasing an additional 36,142 shares during the period. Allspring Global Investments Holdings LLC owned about 2.61% of Allient worth $9,731,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Allient by 4.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,346 shares of the company's stock valued at $203,000 after buying an additional 380 shares in the last quarter. Gabelli Funds LLC lifted its holdings in Allient by 1.3% during the 4th quarter. Gabelli Funds LLC now owns 77,569 shares of the company's stock worth $1,883,000 after purchasing an additional 1,000 shares in the last quarter. Aquatic Capital Management LLC lifted its holdings in shares of Allient by 17.1% in the fourth quarter. Aquatic Capital Management LLC now owns 7,847 shares of the company's stock worth $191,000 after buying an additional 1,147 shares in the last quarter. Pullen Investment Management LLC lifted its holdings in shares of Allient by 3.0% in the first quarter. Pullen Investment Management LLC now owns 48,961 shares of the company's stock worth $1,076,000 after buying an additional 1,433 shares in the last quarter. Finally, Hurley Capital LLC purchased a new stake in shares of Allient in the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 61.57% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ALNT shares. Northland Capmk downgraded Allient from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 5th. Northland Securities set a $35.00 price target on Allient in a report on Monday, May 5th.

Allient Stock Up 1.8%

Shares of ALNT stock traded up $0.69 during midday trading on Friday, reaching $38.76. 71,680 shares of the stock were exchanged, compared to its average volume of 115,956. Allient Inc. has a 1 year low of $16.91 and a 1 year high of $38.99. The company's 50 day moving average is $31.24 and its two-hundred day moving average is $26.44. The company has a current ratio of 4.03, a quick ratio of 2.35 and a debt-to-equity ratio of 0.81. The firm has a market cap of $656.21 million, a PE ratio of 65.70 and a beta of 1.51.

Allient (NASDAQ:ALNT - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.13. The business had revenue of $134.62 million for the quarter, compared to analysts' expectations of $125.00 million. Allient had a net margin of 1.90% and a return on equity of 8.45%. On average, equities research analysts predict 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, June 5th. Shareholders of record on Thursday, May 22nd were given a $0.03 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $0.12 annualized dividend and a yield of 0.31%. Allient's payout ratio is 20.34%.

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.