Howe & Rusling Inc. Sells 6,000 Shares of Allient Inc. $ALNT

Howe & Rusling Inc. decreased its position in shares of Allient Inc. (NASDAQ:ALNT) by 14.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,631 shares of the company’s stock after selling 6,000 shares during the period. Howe & Rusling Inc. owned 0.21% of Allient worth $2,105,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Arax Advisory Partners boosted its stake in Allient by 113.9% during the 4th quarter. Arax Advisory Partners now owns 494 shares of the company’s stock valued at $27,000 after purchasing an additional 263 shares during the period. Advisory Services Network LLC acquired a new stake in Allient in the 3rd quarter valued at approximately $34,000. Larson Financial Group LLC increased its position in Allient by 149.1% in the 4th quarter. Larson Financial Group LLC now owns 690 shares of the company’s stock worth $37,000 after buying an additional 413 shares during the period. Cullen Frost Bankers Inc. increased its position in Allient by 22.0% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,160 shares of the company’s stock worth $62,000 after buying an additional 209 shares during the period. Finally, State of Wyoming acquired a new position in shares of Allient during the fourth quarter worth approximately $67,000. 61.57% of the stock is currently owned by institutional investors.

Allient Price Performance

Shares of NASDAQ:ALNT opened at $86.89 on Friday. The firm has a market capitalization of $1.48 billion, a PE ratio of 60.76 and a beta of 1.59. The company has a current ratio of 3.73, a quick ratio of 2.15 and a debt-to-equity ratio of 0.58. Allient Inc. has a 1-year low of $36.85 and a 1-year high of $104.65. The business’s 50 day moving average is $80.85 and its 200-day moving average is $68.96.

Allient (NASDAQ:ALNT) last issued its earnings results on Wednesday, May 6th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). The firm had revenue of $138.91 million during the quarter, compared to analyst estimates of $138.42 million. Allient had a net margin of 4.25% and a return on equity of 12.47%. Sell-side analysts predict that Allient Inc. will post 2.47 earnings per share for the current year.

Allient Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were paid a $0.04 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.2%. This is a positive change from Allient’s previous quarterly dividend of $0.03. Allient’s dividend payout ratio is currently 11.19%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ALNT. Roth Mkm reissued a “buy” rating and issued a $70.00 price objective on shares of Allient in a research report on Friday, May 8th. Jefferies Financial Group set a $80.00 target price on shares of Allient in a research report on Tuesday, May 26th. Weiss Ratings upgraded shares of Allient from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Craig Hallum reissued a “buy” rating and issued a $75.00 price target on shares of Allient in a report on Monday, March 9th. Finally, Wall Street Zen lowered shares of Allient from a “buy” rating to a “hold” rating in a research report on Saturday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Allient has a consensus rating of “Moderate Buy” and a consensus target price of $77.33.

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.