Howe & Rusling Inc. Sells 12,956 Shares of Allient Inc. $ALNT

Key Points

• Howe & Rusling Inc. has reduced its stake in Allient Inc. by 11.5%, now holding approximately 100,006 shares valued at $2,198,000.
• Allient Inc. reported earnings of $0.57 per share for the last quarter, exceeding analyst expectations of $0.48.
• Allient recently announced a quarterly dividend of $0.03, with a yield of 0.3% and a payout ratio of 13.95%.

Howe & Rusling Inc. trimmed its position in Allient Inc. (NASDAQ:ALNT - Free Report) by 11.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 100,006 shares of the company's stock after selling 12,956 shares during the period. Howe & Rusling Inc. owned about 0.59% of Allient worth $2,198,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new position in shares of Allient in the 4th quarter worth approximately $41,000. CWM LLC increased its holdings in Allient by 105.2% during the first quarter. CWM LLC now owns 1,890 shares of the company's stock valued at $42,000 after buying an additional 969 shares during the last quarter. GAMMA Investing LLC bought a new position in Allient in the first quarter worth approximately $60,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Allient by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,736 shares of the company's stock worth $192,000 after acquiring an additional 390 shares during the period. Finally, Hancock Whitney Corp boosted its stake in shares of 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 acquiring an additional 2,017 shares during the last quarter. Hedge funds and other institutional investors own 61.57% of the company's stock.

Allient Stock Performance

Shares of ALNT stock traded down $0.50 during mid-day trading on Friday, reaching $45.97. 119,227 shares of the company's stock traded hands, compared to its average volume of 142,419. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.17 and a current ratio of 3.74. The firm has a market capitalization of $779.19 million, a PE ratio of 53.45 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 firm has a 50 day moving average price of $42.45 and a two-hundred day moving average price of $32.48.

Allient (NASDAQ:ALNT - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.09. The company had revenue of $139.58 million for the quarter, compared to the consensus estimate of $132.89 million. Allient had a return on equity of 9.97% and a net margin of 2.75%. On average, research analysts forecast that Allient Inc. will post 1.43 EPS for the current year.

Allient Dividend Announcement

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

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.