American Century Companies Inc. Acquires 6,002 Shares of Allient Inc. $ALNT

Key Points

• American Century Companies Inc. increased its stake in Allient Inc. by 27.9%, owning 27,553 shares worth approximately $606,000 after purchasing an additional 6,002 shares in the 1st quarter.
• Allient announced a quarterly dividend of $0.03 per share, resulting in an annualized yield of 0.3%, and its payout ratio currently stands at 13.95%.
• Shares of Allient Inc. recently opened at $45.54, with a 52-week high of $48.22 and earnings per share reported at $0.57 for the last quarter, surpassing estimates.

American Century Companies Inc. boosted its position in Allient Inc. (NASDAQ:ALNT - Free Report) by 27.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,553 shares of the company's stock after purchasing an additional 6,002 shares during the quarter. American Century Companies Inc. owned about 0.16% of Allient worth $606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of ALNT. Nuveen LLC bought a new position in shares of Allient in the 1st quarter worth $47,025,000. Invesco Ltd. increased its holdings in shares of Allient by 22.6% in the 1st quarter. Invesco Ltd. now owns 28,191 shares of the company's stock worth $620,000 after buying an additional 5,198 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Allient by 2.9% in the 1st quarter. Deutsche Bank AG now owns 18,221 shares of the company's stock worth $400,000 after buying an additional 520 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Allient by 26.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 91,033 shares of the company's stock worth $2,001,000 after buying an additional 18,854 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Allient by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 908,965 shares of the company's stock worth $19,979,000 after buying an additional 65,061 shares during the last quarter. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

Allient Price Performance

Shares of NASDAQ:ALNT traded up $0.81 during trading on Thursday, reaching $46.47. The company had a trading volume of 140,770 shares, compared to its average volume of 148,652. The company has a fifty day moving average of $42.30 and a two-hundred day moving average of $32.24. The stock has a market capitalization of $787.67 million, a P/E ratio of 54.03 and a beta of 1.51. Allient Inc. has a 12 month low of $16.91 and a 12 month high of $48.22. The company has a current ratio of 3.74, a quick ratio of 2.17 and a debt-to-equity ratio of 0.70.

Allient (NASDAQ:ALNT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.09. The firm 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 forecast that Allient Inc. will post 1.43 earnings per share for the current year.

Allient Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. Allient's dividend payout ratio (DPR) is currently 13.95%.

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.