Bank of New York Mellon Corp lessened its holdings in shares of Allied Motion Technologies, Inc. (NASDAQ:AMOT) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,450 shares of the technology company’s stock after selling 3,159 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.90% of Allied Motion Technologies worth $4,651,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in AMOT. BlackRock Inc. grew its stake in Allied Motion Technologies by 20.8% during the 2nd quarter. BlackRock Inc. now owns 537,827 shares of the technology company’s stock valued at $25,751,000 after acquiring an additional 92,426 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in Allied Motion Technologies during the 3rd quarter valued at about $4,231,000. Stanley Laman Group Ltd. purchased a new position in Allied Motion Technologies during the 3rd quarter valued at about $774,000. American Century Companies Inc. bought a new stake in shares of Allied Motion Technologies in the 3rd quarter valued at approximately $772,000. Finally, Quantum Capital Management grew its stake in shares of Allied Motion Technologies by 34.7% in the 3rd quarter. Quantum Capital Management now owns 50,585 shares of the technology company’s stock valued at $2,753,000 after buying an additional 13,025 shares in the last quarter. 48.38% of the stock is currently owned by institutional investors.
Several equities research analysts recently commented on AMOT shares. Craig Hallum set a $62.00 price target on Allied Motion Technologies and gave the company a “buy” rating in a research note on Friday, November 2nd. Dougherty & Co raised Allied Motion Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, October 29th. ValuEngine raised Allied Motion Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. Zacks Investment Research cut Allied Motion Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, BidaskClub raised Allied Motion Technologies from a “sell” rating to a “hold” rating in a research note on Saturday, November 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. Allied Motion Technologies has an average rating of “Hold” and an average price target of $61.50.
Shares of NASDAQ AMOT opened at $42.10 on Thursday. The company has a market capitalization of $397.08 million, a P/E ratio of 34.51, a PEG ratio of 1.73 and a beta of 1.65. Allied Motion Technologies, Inc. has a 52 week low of $29.51 and a 52 week high of $55.47. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.44 and a quick ratio of 1.39.
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Allied Motion Technologies Company Profile
Allied Motion Technologies, Inc designs, manufactures, and sells precision and specialty motion control components and systems that are used in a range of industries worldwide. It provides automotive brushless (BL) DC motors, power steering solutions, and special purpose motors; fractional horsepower permanent magnet DC and BLDC motors serving a range of original equipment applications; and high performance BLDC motors, including servo motors, frameless motors, torque motors, slot less motors, high resolution encoders, and motor/encoder assemblies.
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