Allspring Global Investments Holdings LLC Has $16.35 Million Position in Allient Inc. $ALNT

Key Points

• Allspring Global Investments Holdings LLC increased its stake in Allient Inc. by 1.8%, holding approximately 450,279 shares worth $16.35 million as of the latest SEC filing.
• Analysts maintain a "hold" rating for Allient, with a consensus price target of $35.00, as three analysts recommend this stance.
• Allient Inc. recently announced a quarterly dividend of $0.03 per share, leading to an annualized yield of 0.2% and a payout ratio of 13.95%.

Allspring Global Investments Holdings LLC boosted its holdings in Allient Inc. (NASDAQ:ALNT - Free Report) by 1.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 450,279 shares of the company's stock after buying an additional 7,944 shares during the period. Allspring Global Investments Holdings LLC owned approximately 2.66% of Allient worth $16,350,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. CWM LLC lifted its holdings in Allient by 105.2% in the first quarter. CWM LLC now owns 1,890 shares of the company's stock valued at $42,000 after buying an additional 969 shares during the period. Copeland Capital Management LLC lifted its holdings in Allient by 16.4% in the second quarter. Copeland Capital Management LLC now owns 2,561 shares of the company's stock valued at $93,000 after buying an additional 360 shares during the period. GAMMA Investing LLC acquired a new position in Allient in the first quarter valued at approximately $60,000. Ballentine Partners LLC acquired a new position in Allient in the second quarter valued at approximately $226,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Allient by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,736 shares of the company's stock worth $192,000 after purchasing an additional 390 shares during the period. 61.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Allient in a report on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $35.00.

Allient Trading Down 0.8%

ALNT opened at $49.25 on Friday. The firm's fifty day moving average is $45.75 and its two-hundred day moving average is $36.26. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.17 and a current ratio of 3.74. The firm has a market cap of $834.64 million, a PE ratio of 57.27 and a beta of 1.51. Allient Inc. has a twelve month low of $16.91 and a twelve month high of $53.62.

Allient (NASDAQ:ALNT - Get Free Report) last posted its 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. The company had revenue of $139.58 million for the quarter, compared to analyst estimates of $132.89 million. Allient had a net margin of 2.75% and a return on equity of 9.97%. Equities research analysts anticipate that Allient Inc. will post 1.43 EPS for the current year.

Allient Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Thursday, August 21st. Allient's dividend payout ratio is 13.95%.

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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