Allspring Global Investments Holdings LLC Has $17.60 Million Stock Holdings in Allient Inc. $ALNT

Allspring Global Investments Holdings LLC reduced its stake in Allient Inc. (NASDAQ:ALNT) by 12.6% during the third quarter, Holdings Channel.com reports. The fund owned 393,395 shares of the company’s stock after selling 56,884 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Allient were worth $17,604,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. White Pine Capital LLC boosted its holdings in Allient by 1.6% in the second quarter. White Pine Capital LLC now owns 17,218 shares of the company’s stock valued at $625,000 after acquiring an additional 269 shares during the last quarter. Copeland Capital Management LLC lifted its position in shares of Allient by 16.4% in the 2nd quarter. Copeland Capital Management LLC now owns 2,561 shares of the company’s stock worth $93,000 after purchasing an additional 360 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Allient by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,736 shares of the company’s stock worth $192,000 after purchasing an additional 390 shares during the period. Cullen Frost Bankers Inc. increased its position in shares of Allient by 173.0% during the second quarter. Cullen Frost Bankers Inc. now owns 999 shares of the company’s stock worth $36,000 after buying an additional 633 shares during the period. Finally, Pullen Investment Management LLC increased its position in shares of Allient by 1.3% during the second quarter. Pullen Investment Management LLC now owns 49,615 shares of the company’s stock worth $1,802,000 after buying an additional 654 shares during the period. 61.57% of the stock is currently owned by institutional investors.

Insider Activity at Allient

In other news, VP Ashish Bendre sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $52.25, for a total transaction of $836,000.00. Following the completion of the sale, the vice president owned 23,166 shares in the company, valued at $1,210,423.50. The trade was a 40.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 14.90% of the stock is currently owned by corporate insiders.

Allient Price Performance

ALNT stock opened at $55.58 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.53 and a quick ratio of 2.01. The company’s 50-day moving average is $53.88 and its 200-day moving average is $46.96. The stock has a market capitalization of $941.53 million, a PE ratio of 49.63 and a beta of 1.55. Allient Inc. has a 1 year low of $19.25 and a 1 year high of $58.13.

Allient Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, November 20th. Allient’s dividend payout ratio (DPR) is 10.71%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ALNT shares. Zacks Research downgraded shares of Allient from a “strong-buy” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. assumed coverage on Allient in a research report on Monday, October 20th. They issued a “neutral” rating and a $60.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Allient in a research note on Wednesday, October 8th. Finally, Roth Capital raised their target price on Allient from $49.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $50.33.

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.