8,996 Shares in Allient Inc. $ALNT Acquired by CM Wealth Advisors LLC

CM Wealth Advisors LLC bought a new stake in Allient Inc. (NASDAQ:ALNT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,996 shares of the company’s stock, valued at approximately $926,000. CM Wealth Advisors LLC owned approximately 0.05% of Allient as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ALNT. Tulsa Wealth Advisors INC purchased a new stake in Allient in the 4th quarter valued at about $659,000. Jennison Associates LLC purchased a new position in Allient during the fourth quarter worth about $8,982,000. Sei Investments Co. boosted its stake in Allient by 87.9% during the first quarter. Sei Investments Co. now owns 55,424 shares of the company’s stock worth $3,275,000 after buying an additional 25,935 shares during the period. Vanguard Group Inc. increased its position in shares of Allient by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 1,011,253 shares of the company’s stock valued at $54,355,000 after acquiring an additional 26,438 shares during the last quarter. Finally, Zweig DiMenna Associates LLC acquired a new stake in shares of Allient during the first quarter valued at about $2,777,000. 61.57% of the stock is owned by institutional investors and hedge funds.

Allient Price Performance

Allient stock opened at $101.81 on Thursday. The company has a quick ratio of 1.95, a current ratio of 3.42 and a debt-to-equity ratio of 0.56. Allient Inc. has a 52-week low of $41.75 and a 52-week high of $118.67. The firm has a market cap of $1.73 billion, a PE ratio of 59.89 and a beta of 1.61. The company’s 50 day moving average is $95.10 and its two-hundred day moving average is $77.57.

Allient (NASDAQ:ALNT) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.61 by $0.19. The company had revenue of $153.77 million during the quarter, compared to analysts’ expectations of $145.68 million. Allient had a net margin of 4.98% and a return on equity of 13.55%. On average, research analysts expect that Allient Inc. will post 2.72 EPS for the current fiscal year.

Allient Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, August 19th. Allient’s dividend payout ratio is presently 9.41%.

Insiders Place Their Bets

In other news, CEO Richard S. Warzala sold 70,000 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $113.58, for a total transaction of $7,950,600.00. Following the completion of the sale, the chief executive officer owned 1,499,106 shares in the company, valued at approximately $170,268,459.48. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 15.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Roth Capital reissued a “buy” rating and issued a $70.00 target price on shares of Allient in a research report on Friday, May 8th. Wall Street Zen upgraded Allient from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. lifted their price objective on Allient from $95.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Zacks Research upgraded Allient from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, Weiss Ratings raised Allient from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $84.00.

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.