Howe & Rusling Inc. Decreases Stock Position in Allient Inc. (NASDAQ:ALNT)

Howe & Rusling Inc. cut its holdings in Allient Inc. (NASDAQ:ALNT) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,962 shares of the company’s stock after selling 8,014 shares during the quarter. Howe & Rusling Inc. owned 0.67% of Allient worth $2,743,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its stake in Allient by 10.8% during the 3rd quarter. Fisher Asset Management LLC now owns 44,248 shares of the company’s stock valued at $840,000 after acquiring an additional 4,311 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Allient during the third quarter valued at approximately $386,000. FMR LLC boosted its holdings in Allient by 843.2% in the third quarter. FMR LLC now owns 1,153,537 shares of the company’s stock worth $21,906,000 after purchasing an additional 1,031,243 shares during the last quarter. Martingale Asset Management L P grew its position in Allient by 116.1% in the 3rd quarter. Martingale Asset Management L P now owns 23,847 shares of the company’s stock worth $453,000 after purchasing an additional 12,813 shares during the period. Finally, Point72 DIFC Ltd purchased a new stake in Allient during the 3rd quarter valued at $33,000. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

Allient Trading Down 1.6 %

NASDAQ:ALNT opened at $23.36 on Thursday. Allient Inc. has a one year low of $16.91 and a one year high of $36.33. The business has a fifty day moving average price of $24.99 and a 200-day moving average price of $23.07. The firm has a market capitalization of $393.50 million, a price-to-earnings ratio of 26.55 and a beta of 1.59. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.10 and a quick ratio of 2.18.

Allient (NASDAQ:ALNT) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. Allient had a return on equity of 10.80% and a net margin of 2.64%. The business had revenue of $122.01 million during the quarter, compared to analysts’ expectations of $119.72 million. Sell-side analysts forecast that Allient Inc. will post 1.43 EPS for the current year.

Allient Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend is Thursday, March 20th. Allient’s dividend payout ratio is currently 15.00%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Northland Capmk upgraded Allient from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Northland Securities raised Allient from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $30.00 to $35.00 in a research report on Tuesday, February 11th.

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.