Tudor Investment Corp ET AL Purchases Shares of 71,421 Allient Inc. $ALNT

Key Points

• Tudor Investment Corp purchased a new stake of 71,421 shares of Allient (NASDAQ:ALNT) in Q3, valued at about $3.20 million and representing roughly 0.42% of the company, while institutional investors now own about 61.57% of the stock.
• Analyst views are mixed: three firms rate ALNT as a Buy and four as a Hold, yielding a consensus rating of "Hold" with a $63.60 consensus target price, though several brokers have higher targets (ranging up to $79).
• Allient recently beat quarterly estimates with $0.55 EPS versus $0.46 expected and $143.35M in revenue versus $133.33M expected, and its shares are trading near a 52‑week high (~$72.85) with a market cap of about $1.24 billion.

Tudor Investment Corp ET AL purchased a new stake in shares of Allient Inc. (NASDAQ:ALNT - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 71,421 shares of the company's stock, valued at approximately $3,196,000. Tudor Investment Corp ET AL owned about 0.42% of Allient as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Allient by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,736 shares of the company's stock valued at $192,000 after purchasing an additional 390 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Allient during the 3rd quarter valued at about $34,000. Man Group plc grew its stake in Allient by 5.0% during the 3rd quarter. Man Group plc now owns 19,212 shares of the company's stock valued at $860,000 after purchasing an additional 912 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Allient during the 3rd quarter valued at about $41,000. Finally, New York State Teachers Retirement System purchased a new stake in Allient during the 3rd quarter valued at about $58,000. Hedge funds and other institutional investors own 61.57% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on ALNT. Lake Street Capital began coverage on Allient in a report on Wednesday, February 18th. They issued a "buy" rating and a $79.00 price objective for the company. Craig Hallum reissued a "buy" rating and issued a $75.00 price objective on shares of Allient in a report on Monday, March 9th. Zacks Research cut Allient from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 1st. Weiss Ratings reissued a "hold (c)" rating on shares of Allient in a report on Wednesday, January 21st. Finally, Roth Mkm boosted their price objective on Allient from $56.00 to $69.00 and gave the company a "buy" rating in a report on Monday, March 16th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $63.60.

Allient Stock Performance

Shares of ALNT stock opened at $72.85 on Friday. The stock has a market cap of $1.24 billion, a PE ratio of 55.19 and a beta of 1.53. The business has a 50-day simple moving average of $64.20 and a 200-day simple moving average of $57.33. The company has a quick ratio of 2.08, a current ratio of 3.66 and a debt-to-equity ratio of 0.60. Allient Inc. has a 52-week low of $20.00 and a 52-week high of $72.89.

Allient (NASDAQ:ALNT - Get Free Report) last issued its quarterly earnings data on Thursday, March 5th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.09. The business had revenue of $143.35 million during the quarter, compared to analysts' expectations of $133.33 million. Allient had a return on equity of 12.53% and a net margin of 3.97%. On average, equities analysts expect that Allient Inc. will post 1.43 EPS for the current year.

Allient Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Friday, March 20th were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $0.12 dividend on an annualized basis and a yield of 0.2%. Allient's dividend payout ratio is presently 9.09%.

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.

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