Allient Inc. (NASDAQ:ALNT) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its holdings in Allient Inc. (NASDAQ:ALNT - Free Report) by 51.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,716 shares of the company's stock after selling 17,602 shares during the quarter. Jane Street Group LLC owned approximately 0.10% of Allient worth $406,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in Allient by 23,963.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 406,193 shares of the company's stock valued at $9,948,000 after acquiring an additional 404,505 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Allient during the fourth quarter worth about $7,268,000. Zacks Investment Management acquired a new position in Allient in the fourth quarter worth about $2,443,000. Bank of Montreal Can bought a new stake in Allient in the fourth quarter valued at about $2,281,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Allient during the fourth quarter valued at approximately $1,183,000. Institutional investors and hedge funds own 61.57% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ALNT. Northland Capmk lowered Allient from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 5th. Northland Securities set a $35.00 target price on shares of Allient in a report on Monday, May 5th.

Allient Stock Performance

Shares of Allient stock traded up $0.17 during trading on Wednesday, hitting $31.74. 77,366 shares of the stock were exchanged, compared to its average volume of 115,534. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. Allient Inc. has a 12 month low of $16.91 and a 12 month high of $32.95. The stock's fifty day moving average is $24.91 and its 200 day moving average is $24.98. The stock has a market cap of $537.33 million, a PE ratio of 36.07 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 for the quarter, beating the consensus estimate of $0.33 by $0.13. The firm had revenue of $134.62 million for the quarter, compared to the consensus estimate of $125.00 million. Allient had a return on equity of 10.80% and a net margin of 2.64%. As a group, sell-side analysts anticipate that Allient Inc. will post 1.43 EPS for the current year.

Allient Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Thursday, May 22nd. Allient's dividend payout ratio is currently 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.