Lazard Asset Management LLC Raises Stake in Allient Inc. (NASDAQ:ALNT)

Lazard Asset Management LLC increased its stake in Allient Inc. (NASDAQ:ALNT - Free Report) by 84.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,769 shares of the company's stock after acquiring an additional 25,101 shares during the period. Lazard Asset Management LLC owned approximately 0.33% of Allient worth $1,329,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. New York State Teachers Retirement System acquired a new stake in shares of Allient in the fourth quarter worth approximately $32,000. Hurley Capital LLC acquired a new stake in shares of Allient in the fourth quarter worth approximately $38,000. Globeflex Capital L P acquired a new stake in shares of Allient in the fourth quarter worth approximately $118,000. Aquatic Capital Management LLC boosted its position in shares of Allient by 17.1% in the fourth quarter. Aquatic Capital Management LLC now owns 7,847 shares of the company's stock worth $191,000 after acquiring an additional 1,147 shares during the last quarter. Finally, Alliancebernstein L.P. acquired a new stake in shares of Allient in the fourth quarter worth approximately $211,000. 61.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Allient Trading Down 1.7%

Shares of ALNT stock opened at $32.20 on Monday. The stock has a market cap of $545.11 million, a price-to-earnings ratio of 36.59 and a beta of 1.39. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. Allient Inc. has a fifty-two week low of $16.91 and a fifty-two week high of $32.95. The firm's 50 day moving average price is $23.15 and its two-hundred day moving average price is $24.24.

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

Allient Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, May 22nd. This represents a $0.12 dividend on an annualized basis and a yield of 0.37%. Allient's dividend payout ratio (DPR) is 20.34%.

Allient 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.

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