Deutsche Bank AG purchased a new position in shares of Allient Inc. (NASDAQ:ALNT - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 66,194 shares of the company's stock, valued at approximately $6,813,000. Deutsche Bank AG owned about 0.39% of Allient at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Allient in the 2nd quarter worth about $3,992,000. Bank of New York Mellon Corp acquired a new stake in Allient during the second quarter worth about $9,051,000. State of Wyoming acquired a new stake in shares of Allient in the second quarter worth $244,000. Bank of America Corp DE lifted its position in shares of Allient by 3.3% during the first quarter. Bank of America Corp DE now owns 33,389 shares of the company's stock worth $1,973,000 after purchasing an additional 1,079 shares in the last quarter. Finally, Smith Group Asset Management LLC purchased a new stake in Allient during the 1st quarter worth $450,000. Institutional investors and hedge funds own 61.57% of the company's stock.
Allient Price Performance
Shares of NASDAQ ALNT opened at $93.08 on Tuesday. The company has a current ratio of 3.42, a quick ratio of 1.95 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 54.75 and a beta of 1.61. Allient Inc. has a twelve month low of $41.75 and a twelve month high of $118.67. The business has a 50 day simple moving average of $95.31 and a 200-day simple moving average of $78.27.
Allient (NASDAQ:ALNT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.19. The firm had revenue of $153.77 million for the quarter, compared to analysts' expectations of $145.68 million. Allient had a return on equity of 13.55% and a net margin of 4.98%. As a group, equities research analysts expect that Allient Inc. will post 2.72 earnings per share for the current year.
Allient Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, August 19th. Allient's dividend payout ratio (DPR) is presently 9.41%.
Insider Activity
In other news, CEO Richard S. Warzala sold 70,000 shares of Allient stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $113.58, for a total value of $7,950,600.00. Following the completion of the transaction, the chief executive officer directly owned 1,499,106 shares of the company's stock, valued at approximately $170,268,459.48. The trade was a 4.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 15.00% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Macquarie Infrastructure set a $80.00 price objective on shares of Allient in a research report on Tuesday, May 26th. Roth Capital reissued a "buy" rating and issued a $70.00 price target on shares of Allient in a report on Friday, May 8th. Zacks Research upgraded Allient from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Wall Street Zen upgraded Allient from a "hold" rating to a "strong-buy" rating in a report on Saturday, August 8th. Finally, Jefferies Financial Group set a $80.00 target price on Allient in a research report on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to data from MarketBeat.com, Allient has a consensus rating of "Buy" and an average price target of $84.00.
View Our Latest Stock Report on ALNT
Allient Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding ALNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Allient Inc. (NASDAQ:ALNT - Free Report).
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