Deutsche Bank AG Sells 50,405 Shares of Allient Inc. (NASDAQ:ALNT)

Deutsche Bank AG trimmed its holdings in shares of Allient Inc. (NASDAQ:ALNT - Free Report) by 74.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,701 shares of the company's stock after selling 50,405 shares during the period. Deutsche Bank AG owned approximately 0.11% of Allient worth $430,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of ALNT. New York State Teachers Retirement System bought a new position in shares of Allient in the 4th quarter worth $32,000. Hurley Capital LLC bought a new position in shares of Allient in the 4th quarter worth $38,000. Globeflex Capital L P bought a new position in shares of Allient in the 4th quarter worth $118,000. Aquatic Capital Management LLC lifted its holdings in shares of Allient by 17.1% in the 4th quarter. Aquatic Capital Management LLC now owns 7,847 shares of the company's stock worth $191,000 after purchasing an additional 1,147 shares in the last quarter. Finally, Alliancebernstein L.P. bought a new position in shares of Allient in the 4th quarter worth $211,000. 61.57% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Allient Stock Up 4.1%

NASDAQ:ALNT traded up $1.23 during trading hours on Tuesday, hitting $31.57. 114,910 shares of the company traded hands, compared to its average volume of 115,817. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. The firm's 50-day simple moving average is $24.91 and its 200-day simple moving average is $24.98. Allient Inc. has a one year low of $16.91 and a one year high of $32.95. The company has a market cap of $534.45 million, a PE ratio of 35.88 and a beta of 1.39.

Allient (NASDAQ:ALNT - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.13. Allient had a return on equity of 10.80% and a net margin of 2.64%. The firm had revenue of $134.62 million during the quarter, compared to analyst estimates of $125.00 million. Equities analysts predict that Allient Inc. will post 1.43 earnings per share for the current year.

Allient Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.38%. The ex-dividend date of this dividend is Thursday, May 22nd. Allient's dividend 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.