Allient Inc. (NASDAQ:ALNT) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its holdings in Allient Inc. (NASDAQ:ALNT - Free Report) by 22.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 142,472 shares of the company's stock after selling 40,450 shares during the period. Renaissance Technologies LLC owned about 0.85% of Allient worth $3,459,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. New York State Teachers Retirement System acquired a new stake in Allient during the 4th quarter valued at $32,000. Hurley Capital LLC acquired a new stake in Allient during the 4th quarter valued at $38,000. Globeflex Capital L P acquired a new stake in Allient during the 4th quarter valued at $118,000. Alliancebernstein L.P. acquired a new stake in Allient during the 4th quarter valued at $211,000. Finally, one8zero8 LLC acquired a new stake in Allient during the 4th quarter valued at $214,000. Hedge funds and other institutional investors own 61.57% of the company's stock.

Allient Stock Down 1.4 %

ALNT stock traded down $0.30 during mid-day trading on Monday, hitting $21.37. 53,836 shares of the company were exchanged, compared to its average volume of 113,964. The company has a market capitalization of $362.18 million, a PE ratio of 24.28 and a beta of 1.43. The company has a current ratio of 4.10, a quick ratio of 2.18 and a debt-to-equity ratio of 0.85. Allient Inc. has a twelve month low of $16.91 and a twelve month high of $32.00. The firm has a fifty day simple moving average of $22.74 and a 200 day simple moving average of $23.44.

Allient (NASDAQ:ALNT - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.03. The company had revenue of $122.01 million during the quarter, compared to analyst estimates of $119.72 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. On average, research analysts forecast that Allient Inc. will post 1.43 earnings per share for the current fiscal year.

Allient Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Thursday, March 20th. Allient's dividend payout ratio (DPR) is presently 15.00%.

Analysts Set New Price Targets

ALNT has been the subject of a number of recent analyst reports. Northland Securities raised shares of Allient from a "market perform" rating to an "outperform" rating and raised their price target for the company from $30.00 to $35.00 in a report on Tuesday, February 11th. Northland Capmk raised shares of Allient from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th.

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.