Allient Inc. $ALNT Shares Acquired by Globeflex Capital L P

Globeflex Capital L P lifted its stake in shares of Allient Inc. (NASDAQ:ALNT) by 50.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 41,832 shares of the company’s stock after purchasing an additional 14,017 shares during the quarter. Globeflex Capital L P owned about 0.25% of Allient worth $2,248,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ALNT. Portolan Capital Management LLC acquired a new position in shares of Allient during the 3rd quarter worth $11,530,000. Jennison Associates LLC acquired a new stake in Allient in the 4th quarter valued at about $8,982,000. Hillsdale Investment Management Inc. acquired a new stake in Allient in the 3rd quarter valued at about $6,656,000. Marshall Wace LLP grew its stake in Allient by 1,291.3% in the 3rd quarter. Marshall Wace LLP now owns 153,819 shares of the company’s stock valued at $6,883,000 after acquiring an additional 142,763 shares during the last quarter. Finally, Handelsbanken Fonder AB acquired a new stake in Allient in the 3rd quarter valued at about $5,888,000. 61.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ALNT shares. Roth Mkm reissued a “buy” rating and issued a $70.00 price objective on shares of Allient in a research note on Friday, May 8th. Jefferies Financial Group set a $80.00 price objective on shares of Allient in a research note on Tuesday, May 26th. Lake Street Capital started coverage on shares of Allient in a research note on Wednesday, February 18th. They issued a “buy” rating and a $79.00 price objective on the stock. JPMorgan Chase & Co. raised shares of Allient from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $65.00 to $80.00 in a research note on Tuesday, May 26th. Finally, Macquarie Infrastructure set a $80.00 price objective on shares of Allient in a research note on Tuesday, May 26th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.33.

Allient Price Performance

Allient stock opened at $89.80 on Friday. Allient Inc. has a 12-month low of $31.14 and a 12-month high of $91.11. The stock has a market capitalization of $1.53 billion, a P/E ratio of 62.80 and a beta of 1.63. The firm’s 50-day moving average is $69.22 and its two-hundred day moving average is $63.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.73 and a quick ratio of 2.15.

Allient (NASDAQ:ALNT) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.05). Allient had a return on equity of 12.47% and a net margin of 4.25%.The firm had revenue of $138.92 million for the quarter, compared to analyst estimates of $138.42 million. Equities analysts predict that Allient Inc. will post 2.47 earnings per share for the current year.

Allient Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.16 annualized dividend and a dividend yield of 0.2%. This is an increase from Allient’s previous quarterly dividend of $0.03. Allient’s dividend payout ratio is 11.19%.

Allient 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.