Two Sigma Investments LP Trims Stock Position in Allient Inc. (NASDAQ:ALNT)

Two Sigma Investments LP reduced its position in Allient Inc. (NASDAQ:ALNT - Free Report) by 44.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,311 shares of the company's stock after selling 30,277 shares during the quarter. Two Sigma Investments LP owned about 0.23% of Allient worth $930,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Juniper Investment Company LLC boosted its position in shares of Allient by 14.6% in the 4th quarter. Juniper Investment Company LLC now owns 869,149 shares of the company's stock worth $21,103,000 after purchasing an additional 110,497 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Allient by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 702,254 shares of the company's stock valued at $17,051,000 after buying an additional 3,326 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Allient by 23,963.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 406,193 shares of the company's stock worth $9,948,000 after acquiring an additional 404,505 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Allient by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 345,726 shares of the company's stock worth $8,396,000 after acquiring an additional 1,560 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Allient during the fourth quarter worth about $7,268,000. 61.57% of the stock is owned by institutional investors and hedge funds.

Allient Stock Performance

ALNT traded up $0.67 on Tuesday, reaching $34.03. 128,696 shares of the stock were exchanged, compared to its average volume of 115,967. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.10 and a quick ratio of 2.18. The company's 50-day moving average price is $25.70 and its 200 day moving average price is $25.19. The firm has a market capitalization of $576.09 million, a PE ratio of 38.67 and a beta of 1.47. Allient Inc. has a fifty-two week low of $16.91 and a fifty-two week high of $34.68.

Allient (NASDAQ:ALNT - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.13. Allient had a return on equity of 10.80% and a net margin of 2.64%. The firm had revenue of $134.62 million during the quarter, compared to the consensus estimate of $125.00 million. As a group, sell-side analysts forecast that Allient Inc. will post 1.43 EPS for the current fiscal year.

Allient Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Thursday, May 22nd. Allient's dividend payout ratio (DPR) is currently 20.34%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Northland Capmk lowered shares of 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 shares of Allient in a research note on Monday, May 5th.

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.