Two Sigma Investments LP Lowers Stock Holdings in Allient Inc. (NASDAQ:ALNT)

Two Sigma Investments LP decreased its holdings in shares of Allient Inc. (NASDAQ:ALNT - Free Report) by 44.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,311 shares of the company's stock after selling 30,277 shares during the period. Two Sigma Investments LP owned 0.23% of Allient worth $930,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ALNT. Allspring Global Investments Holdings LLC grew its holdings in shares of Allient by 23,963.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 406,193 shares of the company's stock valued at $9,948,000 after buying an additional 404,505 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Allient during the 4th quarter valued at $7,268,000. Juniper Investment Company LLC increased its holdings 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. Zacks Investment Management purchased a new position in shares of Allient in the fourth quarter worth $2,443,000. Finally, Bank of Montreal Can bought a new position in shares of Allient during the fourth quarter valued at $2,281,000. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ALNT has been the subject of several research analyst reports. Northland Securities set a $35.00 price objective on Allient in a report on Monday, May 5th. Northland Capmk downgraded shares of Allient from a "strong-buy" rating to a "hold" rating in a report on Monday, May 5th.

Allient Stock Performance

Shares of ALNT traded up $0.43 during trading hours on Friday, hitting $31.90. The stock had a trading volume of 69,350 shares, compared to its average volume of 115,321. The firm has a market capitalization of $540.04 million, a PE ratio of 36.25 and a beta of 1.47. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.10 and a quick ratio of 2.18. Allient Inc. has a 12 month low of $16.91 and a 12 month high of $32.95. The stock has a fifty day moving average price of $25.48 and a 200 day moving average price of $25.13.

Allient (NASDAQ:ALNT - Get Free Report) last announced 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 company had revenue of $134.62 million for the quarter, compared to analysts' expectations of $125.00 million. Analysts anticipate that Allient Inc. will post 1.43 EPS for the current year.

Allient Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.38%. Allient's payout ratio is currently 20.34%.

Allient Company Profile

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.