Allient Inc. $ALNT Stock Holdings Lessened by Seizert Capital Partners LLC

Seizert Capital Partners LLC reduced its stake in shares of Allient Inc. (NASDAQ:ALNT) by 11.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 119,834 shares of the company’s stock after selling 15,049 shares during the quarter. Seizert Capital Partners LLC’s holdings in Allient were worth $6,441,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its stake in shares of Allient by 19.8% during the 1st quarter. Royal Bank of Canada now owns 111,570 shares of the company’s stock valued at $2,453,000 after buying an additional 18,416 shares during the period. AQR Capital Management LLC grew its stake in Allient by 8.0% in the first quarter. AQR Capital Management LLC now owns 53,661 shares of the company’s stock valued at $1,179,000 after purchasing an additional 3,979 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Allient by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,736 shares of the company’s stock valued at $192,000 after purchasing an additional 390 shares in the last quarter. Empowered Funds LLC increased its position in Allient by 8.1% in the 1st quarter. Empowered Funds LLC now owns 46,044 shares of the company’s stock worth $1,012,000 after purchasing an additional 3,458 shares during the last quarter. Finally, Jane Street Group LLC increased its position in Allient by 9.9% in the 1st quarter. Jane Street Group LLC now owns 18,379 shares of the company’s stock worth $404,000 after purchasing an additional 1,663 shares during the last quarter. Institutional investors and hedge funds own 61.57% of the company’s stock.

Allient Stock Performance

Shares of NASDAQ ALNT opened at $76.28 on Monday. The business’s 50-day simple moving average is $66.25 and its 200-day simple moving average is $60.23. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.08 and a current ratio of 3.66. Allient Inc. has a 52 week low of $21.52 and a 52 week high of $77.39. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 57.79 and a beta of 1.65.

Allient (NASDAQ:ALNT) last posted its earnings results on Thursday, March 5th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.09. The firm had revenue of $143.35 million during the quarter, compared to analyst estimates of $133.33 million. Allient had a return on equity of 12.53% and a net margin of 3.97%. As a group, equities research analysts expect that Allient Inc. will post 2.58 earnings per share for the current fiscal year.

Allient Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Stockholders of record on Friday, March 20th were given a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.2%. Allient’s dividend payout ratio (DPR) is currently 9.09%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ALNT. Roth Mkm lifted their price target on Allient from $56.00 to $69.00 and gave the company a “buy” rating in a report on Monday, March 16th. Craig Hallum reaffirmed a “buy” rating and set a $75.00 price objective on shares of Allient in a research report on Monday, March 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Allient in a research note on Wednesday, January 21st. Finally, Lake Street Capital initiated coverage on shares of Allient in a research report on Wednesday, February 18th. They issued a “buy” rating and a $79.00 target price for the company. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Allient has a consensus rating of “Hold” and a consensus price target of $63.60.

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.