Goldman Sachs Group Inc. Trims Stock Position in Allient Inc. $ALNT

Key Points

• Goldman Sachs reduced its stake in Allient Inc. by 46.6%, selling 56,497 shares, and now holds 64,861 shares valued at approximately $1.43 million.
• Allient's stock recently fell 2.6%, with the stock currently priced at $46.59, and the company reported earnings per share of $0.57, beating the consensus estimate.
• The company also announced a quarterly dividend of $0.03 per share, resulting in an annualized yield of 0.3% with a payout ratio of 13.95%.

Goldman Sachs Group Inc. cut its holdings in shares of Allient Inc. (NASDAQ:ALNT - Free Report) by 46.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,861 shares of the company's stock after selling 56,497 shares during the quarter. Goldman Sachs Group Inc. owned 0.38% of Allient worth $1,426,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ALNT. Public Employees Retirement System of Ohio acquired a new stake in Allient during the 4th quarter worth approximately $41,000. CWM LLC lifted its holdings in Allient by 105.2% during the 1st quarter. CWM LLC now owns 1,890 shares of the company's stock worth $42,000 after buying an additional 969 shares in the last quarter. GAMMA Investing LLC acquired a new stake in Allient during the 1st quarter worth approximately $60,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Allient by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,736 shares of the company's stock worth $192,000 after buying an additional 390 shares in the last quarter. Finally, Hancock Whitney Corp lifted its holdings in Allient by 21.1% during the 1st quarter. Hancock Whitney Corp now owns 11,555 shares of the company's stock worth $254,000 after buying an additional 2,017 shares in the last quarter. 61.57% of the stock is currently owned by institutional investors and hedge funds.

Allient Stock Down 0.9%

Allient stock traded down $0.42 during mid-day trading on Tuesday, reaching $46.50. 46,624 shares of the company's stock were exchanged, compared to its average volume of 123,324. The company has a market cap of $788.09 million, a P/E ratio of 54.21 and a beta of 1.51. Allient Inc. has a twelve month low of $16.91 and a twelve month high of $48.22. The company has a quick ratio of 2.17, a current ratio of 3.74 and a debt-to-equity ratio of 0.70. The company has a fifty day moving average of $43.40 and a 200-day moving average of $33.42.

Allient (NASDAQ:ALNT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.48 by $0.09. Allient had a net margin of 2.75% and a return on equity of 9.97%. The company had revenue of $139.58 million during the quarter, compared to analysts' expectations of $132.89 million. Sell-side analysts expect that Allient Inc. will post 1.43 EPS for the current year.

Allient Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 0.3%. The ex-dividend date was Thursday, August 21st. Allient's payout ratio is 13.95%.

About Allient

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.