586,164 Shares in Allient Inc. (NASDAQ:ALNT) Bought by Wasatch Advisors LP

Wasatch Advisors LP bought a new position in Allient Inc. (NASDAQ:ALNT) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 586,164 shares of the company’s stock, valued at approximately $20,914,000. Wasatch Advisors LP owned 3.50% of Allient at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Fisher Asset Management LLC purchased a new position in shares of Allient in the 4th quarter worth $1,003,000. Confluence Investment Management LLC purchased a new position in shares of Allient in the 1st quarter worth $3,346,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Allient in the 1st quarter worth $57,000. 61.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on ALNT. Roth Mkm cut their price objective on Allient from $42.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, May 22nd. Northland Securities reissued a “market perform” rating and issued a $40.00 price objective (down from $45.00) on shares of Allient in a research report on Thursday, March 7th.

Allient Trading Up 1.3 %

NASDAQ:ALNT opened at $24.71 on Wednesday. The business’s 50-day moving average is $27.38 and its two-hundred day moving average is $29.26. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.56 and a quick ratio of 1.85. The firm has a market capitalization of $414.63 million, a PE ratio of 16.36 and a beta of 1.56. Allient Inc. has a 12 month low of $23.99 and a 12 month high of $40.30.

Allient (NASDAQ:ALNT) last announced its earnings results on Wednesday, May 8th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.07. The company had revenue of $146.71 million during the quarter, compared to the consensus estimate of $145.84 million. Allient had a return on equity of 15.26% and a net margin of 4.26%. Research analysts predict that Allient Inc. will post 1.85 earnings per share for the current fiscal year.

Allient Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Thursday, May 23rd were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a $0.12 annualized dividend and a dividend yield of 0.49%. Allient’s dividend payout ratio is presently 7.95%.

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.