Susquehanna Fundamental Investments LLC Invests $3.18 Million in Allient Inc. $ALNT

Susquehanna Fundamental Investments LLC acquired a new stake in Allient Inc. (NASDAQ:ALNT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 30,909 shares of the company’s stock, valued at approximately $3,181,000.

Other institutional investors have also added to or reduced their stakes in the company. Tulsa Wealth Advisors INC acquired a new position in shares of Allient during the 4th quarter worth about $659,000. Sei Investments Co. raised its stake in Allient by 87.9% in the first quarter. Sei Investments Co. now owns 55,424 shares of the company’s stock valued at $3,275,000 after buying an additional 25,935 shares during the period. Jennison Associates LLC lifted its position in shares of Allient by 111.5% in the first quarter. Jennison Associates LLC now owns 353,430 shares of the company’s stock valued at $20,884,000 after buying an additional 186,316 shares during the last quarter. BlackRock Inc. bought a new position in shares of Allient during the 2nd quarter worth approximately $128,774,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Allient during the 2nd quarter worth approximately $3,992,000. 61.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ALNT shares. Wall Street Zen raised shares of Allient from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Zacks Research raised shares of Allient from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. JPMorgan Chase & Co. upped their price target on shares of Allient from $95.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Jefferies Financial Group set a $80.00 price target on shares of Allient in a report on Tuesday, May 26th. Finally, Macquarie Infrastructure set a $80.00 price objective on shares of Allient in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat, Allient has an average rating of “Buy” and an average target price of $84.00.

Insider Transactions at Allient

In other Allient news, CEO Richard S. Warzala sold 70,000 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $113.58, for a total transaction of $7,950,600.00. Following the transaction, the chief executive officer owned 1,499,106 shares in the company, valued at $170,268,459.48. This trade represents a 4.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 15.00% of the stock is owned by corporate insiders.

Allient Stock Performance

NASDAQ ALNT opened at $94.01 on Tuesday. The company has a quick ratio of 1.95, a current ratio of 3.42 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $1.60 billion, a P/E ratio of 55.30 and a beta of 1.61. Allient Inc. has a 12-month low of $41.75 and a 12-month high of $118.67. The firm has a 50-day moving average price of $95.09 and a two-hundred day moving average price of $79.29.

Allient (NASDAQ:ALNT) last announced its 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. Allient had a net margin of 4.98% and a return on equity of 13.55%. The company had revenue of $153.77 million for the quarter, compared to analysts’ expectations of $145.68 million. Analysts anticipate that Allient Inc. will post 2.73 earnings per share for the current year.

Allient Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.16 dividend on an annualized basis and a yield of 0.2%. Allient’s dividend payout ratio is currently 9.41%.

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.