Nuveen Asset Management LLC Reduces Stake in Allient Inc. (NASDAQ:ALNT)

Nuveen Asset Management LLC reduced its position in shares of Allient Inc. (NASDAQ:ALNT - Free Report) by 34.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,087 shares of the company's stock after selling 19,781 shares during the quarter. Nuveen Asset Management LLC owned about 0.22% of Allient worth $900,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Allient by 4.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,346 shares of the company's stock worth $203,000 after buying an additional 380 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Allient by 84.6% in the fourth quarter. Lazard Asset Management LLC now owns 54,769 shares of the company's stock worth $1,329,000 after acquiring an additional 25,101 shares during the period. Juniper Investment Company LLC grew its holdings in Allient by 14.6% during the 4th quarter. Juniper Investment Company LLC now owns 869,149 shares of the company's stock worth $21,103,000 after acquiring an additional 110,497 shares in the last quarter. D. E. Shaw & Co. Inc. grew its holdings in Allient by 27.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 107,069 shares of the company's stock worth $2,600,000 after acquiring an additional 23,116 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its position in Allient by 5.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 42,586 shares of the company's stock valued at $1,034,000 after purchasing an additional 2,040 shares during the period. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Allient Stock Up 1.4%

ALNT stock traded up $0.43 during trading on Friday, reaching $31.90. 69,350 shares of the company traded hands, compared to its average volume of 115,317. The business has a 50 day simple moving average of $25.28 and a 200 day simple moving average of $25.08. Allient Inc. has a 12 month low of $16.91 and a 12 month high of $32.95. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. The company has a market capitalization of $540.04 million, a price-to-earnings ratio of 36.25 and a beta of 1.47.

Allient (NASDAQ:ALNT - Get Free Report) last released 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. Allient had a net margin of 2.64% and a return on equity of 10.80%. The business had revenue of $134.62 million for the quarter, compared to analysts' expectations of $125.00 million. On average, equities research analysts anticipate that Allient Inc. will post 1.43 earnings per share for the current fiscal year.

Allient Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.12 annualized dividend and a yield of 0.38%. Allient's dividend payout ratio (DPR) is 20.34%.

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.