Cubist Systematic Strategies LLC Sells 7,282 Shares of Allient Inc. (NASDAQ:ALNT)

Cubist Systematic Strategies LLC decreased its position in shares of Allient Inc. (NASDAQ:ALNT) by 23.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,373 shares of the company’s stock after selling 7,282 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.14% of Allient worth $567,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ALNT. Allspring Global Investments Holdings LLC raised its stake in Allient by 23,963.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 406,193 shares of the company’s stock valued at $9,948,000 after purchasing an additional 404,505 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Allient in the fourth quarter valued at about $7,268,000. Zacks Investment Management bought a new position in Allient in the fourth quarter valued at about $2,443,000. Bank of Montreal Can bought a new stake in shares of Allient during the fourth quarter worth about $2,281,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Allient during the fourth quarter worth about $1,183,000. Institutional investors own 61.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ALNT shares. Northland Capmk lowered Allient from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 5th. Northland Securities set a $35.00 price target on Allient in a research note on Monday, May 5th.

Allient Price Performance

Shares of NASDAQ:ALNT opened at $32.77 on Friday. The stock’s 50 day moving average is $22.98 and its 200-day moving average is $24.04. Allient Inc. has a twelve month low of $16.91 and a twelve month high of $32.83. The firm has a market capitalization of $554.76 million, a price-to-earnings ratio of 37.24 and a beta of 1.39. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85.

Allient (NASDAQ:ALNT) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.13. The business had revenue of $134.62 million during the quarter, compared to the consensus estimate of $125.00 million. Allient had a return on equity of 10.80% and a net margin of 2.64%. Sell-side analysts forecast that Allient Inc. will post 1.43 EPS for the current fiscal year.

Allient Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.12 dividend on an annualized basis and a yield of 0.37%. Allient’s dividend payout ratio (DPR) is presently 20.34%.

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.