Juniper Investment Company LLC boosted its stake in shares of Allient Inc. (NASDAQ:ALNT - Free Report) by 14.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 869,149 shares of the company's stock after acquiring an additional 110,497 shares during the period. Allient accounts for 8.3% of Juniper Investment Company LLC's portfolio, making the stock its 5th largest holding. Juniper Investment Company LLC owned approximately 5.16% of Allient worth $21,103,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently bought and sold shares of ALNT. D. E. Shaw & Co. Inc. grew its position in shares of Allient by 27.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 107,069 shares of the company's stock valued at $2,600,000 after purchasing an additional 23,116 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in shares of Allient by 5.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 42,586 shares of the company's stock worth $1,034,000 after buying an additional 2,040 shares in the last quarter. Citadel Advisors LLC boosted its stake in Allient by 8.5% during the fourth quarter. Citadel Advisors LLC now owns 73,880 shares of the company's stock valued at $1,794,000 after buying an additional 5,769 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in Allient during the 4th quarter valued at approximately $291,000. Finally, Ancora Advisors LLC increased its stake in Allient by 13.3% in the 4th quarter. Ancora Advisors LLC now owns 68,112 shares of the company's stock worth $1,654,000 after acquiring an additional 7,995 shares during the last quarter. 61.57% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
ALNT has been the subject of a number of research reports. Northland Securities set a $35.00 target price on Allient in a research report on Monday, May 5th. Northland Capmk downgraded shares of Allient from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 5th.
View Our Latest Research Report on Allient
Allient Trading Up 7.9 %
Shares of ALNT stock opened at $28.98 on Friday. The company has a market cap of $490.60 million, a PE ratio of 32.93 and a beta of 1.39. Allient Inc. has a 1 year low of $16.91 and a 1 year high of $29.82. The stock's 50 day simple moving average is $22.36 and its two-hundred day simple moving average is $23.71. 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 (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 the consensus estimate of $0.33 by $0.13. The company had revenue of $134.62 million for the quarter, compared to analyst estimates of $125.00 million. Allient had a return on equity of 10.80% and a net margin of 2.64%. Research analysts predict that Allient Inc. will post 1.43 earnings per share for the current year.
Allient Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd will be issued a $0.03 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $0.12 annualized dividend and a dividend yield of 0.41%. Allient's dividend payout ratio (DPR) is presently 20.34%.
Allient Profile
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Allient, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Allient wasn't on the list.
While Allient currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
