Nuveen Asset Management LLC lessened its holdings in shares of Allient Inc. (NASDAQ:ALNT - Free Report) by 34.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,087 shares of the company's stock after selling 19,781 shares during the period. Nuveen Asset Management LLC owned approximately 0.22% of Allient worth $900,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Allient by 4.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,346 shares of the company's stock valued at $203,000 after acquiring an additional 380 shares in the last quarter. Gabelli Funds LLC lifted its stake in Allient by 1.3% in the 4th quarter. Gabelli Funds LLC now owns 77,569 shares of the company's stock valued at $1,883,000 after acquiring an additional 1,000 shares in the last quarter. Aquatic Capital Management LLC lifted its stake in Allient by 17.1% in the 4th quarter. Aquatic Capital Management LLC now owns 7,847 shares of the company's stock valued at $191,000 after acquiring an additional 1,147 shares in the last quarter. New York State Teachers Retirement System acquired a new position in shares of Allient during the 4th quarter worth approximately $32,000. Finally, Hurley Capital LLC acquired a new position in shares of Allient during the 4th quarter worth approximately $38,000. Institutional investors own 61.57% of the company's stock.
Allient Stock Performance
Shares of ALNT stock traded up $0.43 during trading on Friday, reaching $31.90. 69,350 shares of the company's stock were exchanged, compared to its average volume of 115,482. 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 stock has a market capitalization of $540.04 million, a PE ratio of 36.25 and a beta of 1.47. Allient Inc. has a twelve month low of $16.91 and a twelve month high of $32.95. The firm's fifty day moving average price is $25.48 and its 200-day moving average price is $25.13.
Allient (NASDAQ:ALNT - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.13. The business had revenue of $134.62 million for the quarter, compared to analyst estimates 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 Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Thursday, May 22nd. Allient's payout ratio is presently 20.34%.
Wall Street Analyst Weigh In
Several research analysts have weighed in on ALNT shares. 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 price target on Allient in a research report on Monday, May 5th.
Get Our Latest Stock Report on ALNT
Allient Profile
(
Free Report)
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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