Inspire Investing LLC Has $114,000 Stake in Allient Inc. $ALNT

Inspire Investing LLC trimmed its position in Allient Inc. (NASDAQ:ALNT) by 91.6% during the first quarter, HoldingsChannel.com reports. The fund owned 1,932 shares of the company’s stock after selling 21,192 shares during the quarter. Inspire Investing LLC’s holdings in Allient were worth $114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Allient by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 1,011,253 shares of the company’s stock valued at $54,355,000 after purchasing an additional 26,438 shares in the last quarter. State Street Corp boosted its stake in Allient by 32.5% in the fourth quarter. State Street Corp now owns 392,261 shares of the company’s stock valued at $21,084,000 after buying an additional 96,264 shares in the last quarter. Geode Capital Management LLC boosted its stake in Allient by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 368,486 shares of the company’s stock valued at $19,808,000 after buying an additional 10,173 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Allient by 20.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 290,696 shares of the company’s stock valued at $13,009,000 after acquiring an additional 49,384 shares during the last quarter. Finally, Portolan Capital Management LLC bought a new position in Allient in the third quarter valued at about $11,530,000. 61.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Allient from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $65.00 to $80.00 in a research report on Tuesday, May 26th. Craig Hallum restated a “buy” rating and issued a $75.00 target price on shares of Allient in a research report on Monday, March 9th. Weiss Ratings upgraded shares of Allient from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 1st. Wall Street Zen cut Allient from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Macquarie Infrastructure set a $80.00 price objective on Allient in a report on Tuesday, May 26th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.33.

Allient Stock Down 0.8%

Shares of ALNT opened at $87.48 on Tuesday. The company has a market capitalization of $1.49 billion, a PE ratio of 61.17 and a beta of 1.59. Allient Inc. has a 12 month low of $36.85 and a 12 month high of $104.65. The stock’s 50-day moving average price is $81.15 and its two-hundred day moving average price is $69.29. 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 (NASDAQ:ALNT) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). The company had revenue of $138.91 million during the quarter, compared to analyst estimates of $138.42 million. Allient had a return on equity of 12.47% and a net margin of 4.25%. On average, analysts anticipate that Allient Inc. will post 2.47 EPS for the current year.

Allient Increases Dividend

The company 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 of this dividend was Thursday, May 21st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.2%. This is an increase from Allient’s previous quarterly dividend of $0.03. Allient’s payout ratio is currently 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.