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

Allspring Global Investments Holdings LLC lifted its stake in Allient Inc. (NASDAQ:ALNT - Free Report) by 8.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 442,335 shares of the company's stock after purchasing an additional 36,142 shares during the quarter. Allspring Global Investments Holdings LLC owned about 2.61% of Allient worth $9,731,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Juniper Investment Company LLC increased its stake in Allient by 14.6% during the fourth quarter. Juniper Investment Company LLC now owns 869,149 shares of the company's stock worth $21,103,000 after acquiring an additional 110,497 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Allient by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 702,254 shares of the company's stock worth $17,051,000 after acquiring an additional 3,326 shares during the last quarter. Geode Capital Management LLC increased its stake in Allient by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 345,726 shares of the company's stock worth $8,396,000 after acquiring an additional 1,560 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Allient during the fourth quarter worth $7,268,000. Finally, Gamco Investors INC. ET AL increased its stake in Allient by 20.8% during the fourth quarter. Gamco Investors INC. ET AL now owns 171,110 shares of the company's stock worth $4,155,000 after acquiring an additional 29,500 shares during the last quarter. Institutional investors and hedge funds own 61.57% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ALNT shares. Northland Securities set a $35.00 target price on Allient in a research note on Monday, May 5th. Northland Capmk cut Allient from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 5th.

Allient Trading Down 2.2%

Shares of NASDAQ ALNT traded down $0.87 during trading on Monday, reaching $37.89. The stock had a trading volume of 131,790 shares, compared to its average volume of 116,096. Allient Inc. has a fifty-two week low of $16.91 and a fifty-two week high of $39.13. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.35 and a current ratio of 4.03. The business's 50-day moving average price is $31.57 and its 200-day moving average price is $26.58. The company has a market cap of $641.44 million, a P/E ratio of 64.22 and a beta of 1.51.

Allient (NASDAQ:ALNT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.13. Allient had a return on equity of 8.45% and a net margin of 1.90%. The business had revenue of $134.62 million during the quarter, compared to analysts' expectations of $125.00 million. On average, equities research analysts predict that Allient Inc. will post 1.43 EPS for the current fiscal year.

Allient Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.32%. Allient's payout ratio is presently 20.34%.

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.