Allient Inc. (NASDAQ:ALNT) Stake Increased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its holdings in Allient Inc. (NASDAQ:ALNT - Free Report) by 27.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,069 shares of the company's stock after purchasing an additional 23,116 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.64% of Allient worth $2,600,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ALNT. Allspring Global Investments Holdings LLC raised its position in Allient by 23,963.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 406,193 shares of the company's stock worth $9,948,000 after buying an additional 404,505 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Allient in the 4th quarter valued at about $7,268,000. Zacks Investment Management purchased a new position in shares of Allient in the 4th quarter valued at about $2,443,000. Bank of Montreal Can purchased a new position in shares of Allient in the 4th quarter valued at about $2,281,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Allient in the 4th quarter valued at about $1,183,000. Hedge funds and other institutional investors own 61.57% of the company's stock.

Analyst Upgrades and Downgrades

ALNT has been the subject of a number of research analyst reports. Northland Securities set a $35.00 price target on shares of Allient in a report on Monday, May 5th. Northland Capmk cut shares of Allient from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 5th.

Allient Trading Down 1.8%

Shares of ALNT traded down $0.56 during mid-day trading on Friday, hitting $29.88. The company had a trading volume of 109,429 shares, compared to its average volume of 116,951. The business's 50-day simple moving average is $23.91 and its 200-day simple moving average is $24.64. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. Allient Inc. has a 1-year low of $16.91 and a 1-year high of $32.95. The stock has a market cap of $505.84 million, a PE ratio of 33.95 and a beta of 1.39.

Allient (NASDAQ:ALNT - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.13. Allient had a net margin of 2.64% and a return on equity of 10.80%. The business had revenue of $134.62 million for the quarter, compared to analysts' expectations of $125.00 million. Sell-side analysts forecast that Allient Inc. will post 1.43 earnings per share for the current year.

Allient Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, May 22nd. This represents a $0.12 dividend on an annualized basis and a yield of 0.40%. Allient's dividend payout ratio (DPR) is 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.