Nuveen LLC bought a new position in Allient Inc. (NASDAQ:ALNT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,139,461 shares of the company's stock, valued at approximately $47,025,000. Nuveen LLC owned about 12.64% of Allient as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds 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 fourth quarter worth approximately $41,000. CWM LLC boosted its holdings in Allient by 105.2% in the first quarter. CWM LLC now owns 1,890 shares of the company's stock valued at $42,000 after acquiring an additional 969 shares in the last quarter. GAMMA Investing LLC bought a new stake in Allient in the first quarter valued at $60,000. Aquatic Capital Management LLC boosted its holdings in Allient by 17.1% in the fourth 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. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Allient by 4.8% in the fourth 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. Institutional investors own 61.57% of the company's stock.
Analyst Ratings Changes
Several analysts recently weighed in on the stock. Northland Securities set a $35.00 price target on shares of Allient in a report on Monday, May 5th. Northland Capmk cut shares of Allient from a "strong-buy" rating to a "hold" rating in a report on Monday, May 5th.
Read Our Latest Analysis on Allient
Allient Stock Performance
NASDAQ:ALNT opened at $44.00 on Friday. The stock has a market cap of $745.80 million, a P/E ratio of 51.16 and a beta of 1.52. The firm's fifty day simple moving average is $38.15 and its 200 day simple moving average is $29.52. Allient Inc. has a twelve month low of $16.91 and a twelve month high of $48.22. The company has a quick ratio of 2.17, a current ratio of 3.74 and a debt-to-equity ratio of 0.70.
Allient (NASDAQ:ALNT - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.09. Allient had a net margin of 2.75% and a return on equity of 9.97%. The firm had revenue of $139.58 million for the quarter, compared to analysts' expectations of $132.89 million. As a group, research analysts predict that Allient Inc. will post 1.43 EPS for the current year.
Allient Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Thursday, August 21st. Allient's payout ratio is 13.95%.
Allient Profile
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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.
See Also
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