WINTON GROUP Ltd Invests $513,000 in Allient Inc. $ALNT

WINTON GROUP Ltd purchased a new position in shares of Allient Inc. (NASDAQ:ALNT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,536 shares of the company’s stock, valued at approximately $513,000.

Several other hedge funds have also made changes to their positions in ALNT. Portolan Capital Management LLC acquired a new stake in shares of Allient during the third quarter worth about $11,530,000. Jennison Associates LLC acquired a new stake in shares of Allient during the fourth quarter worth about $8,982,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Allient during the third quarter worth about $6,656,000. Marshall Wace LLP lifted its position in shares of Allient by 1,291.3% during the third quarter. Marshall Wace LLP now owns 153,819 shares of the company’s stock worth $6,883,000 after purchasing an additional 142,763 shares in the last quarter. Finally, Handelsbanken Fonder AB acquired a new stake in shares of Allient during the third quarter worth about $5,888,000. Institutional investors and hedge funds own 61.57% of the company’s stock.

Allient Stock Down 1.3%

ALNT stock opened at $85.76 on Thursday. The company’s 50 day moving average price is $71.13 and its 200 day moving average price is $64.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.15 and a current ratio of 3.73. Allient Inc. has a fifty-two week low of $33.02 and a fifty-two week high of $91.11. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 59.97 and a beta of 1.63.

Allient (NASDAQ:ALNT) last released its earnings results on Wednesday, May 6th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $138.42 million. On average, equities research analysts anticipate that Allient Inc. will post 2.47 EPS for the current fiscal year.

Allient Increases Dividend

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

Wall Street Analyst Weigh In

ALNT has been the topic of several research reports. JPMorgan Chase & Co. raised shares of Allient from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $65.00 to $80.00 in a research report on Tuesday, May 26th. Roth Mkm reissued a “buy” rating and set a $70.00 price target on shares of Allient in a research report on Friday, May 8th. Wall Street Zen cut shares of Allient from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 9th. Jefferies Financial Group set a $80.00 price target on shares of Allient in a research report on Tuesday, May 26th. Finally, Lake Street Capital began coverage on shares of Allient in a research report on Wednesday, February 18th. They set a “buy” rating and a $79.00 price target on the stock. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Allient currently has an average rating of “Moderate Buy” and a consensus price target of $77.33.

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.