State Street Corp Buys 2,453 Shares of Allient Inc. (NASDAQ:ALNT)

State Street Corp boosted its position in shares of Allient Inc. (NASDAQ:ALNT) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 306,239 shares of the company’s stock after acquiring an additional 2,453 shares during the period. State Street Corp’s holdings in Allient were worth $5,815,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. FMR LLC increased its holdings in Allient by 843.2% in the 3rd quarter. FMR LLC now owns 1,153,537 shares of the company’s stock valued at $21,906,000 after buying an additional 1,031,243 shares during the period. Diamond Hill Capital Management Inc. boosted its position in Allient by 29.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 238,844 shares of the company’s stock valued at $4,536,000 after buying an additional 54,005 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Allient by 56.4% during the third quarter. Assenagon Asset Management S.A. now owns 119,754 shares of the company’s stock worth $2,274,000 after buying an additional 43,167 shares during the last quarter. Empowered Funds LLC bought a new stake in Allient during the 3rd quarter worth approximately $770,000. Finally, Dimensional Fund Advisors LP raised its position in Allient by 5.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 655,029 shares of the company’s stock valued at $16,552,000 after purchasing an additional 32,455 shares during the last quarter. Institutional investors own 61.57% of the company’s stock.

Allient Stock Performance

Allient stock opened at $24.03 on Friday. Allient Inc. has a 12-month low of $16.91 and a 12-month high of $36.33. The stock has a 50-day simple moving average of $23.12 and a 200 day simple moving average of $22.77. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $404.79 million, a price-to-earnings ratio of 27.31 and a beta of 1.61.

Allient (NASDAQ:ALNT) last issued its earnings results on Wednesday, November 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.10. The company had revenue of $125.21 million for the quarter, compared to analyst estimates of $124.28 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. During the same quarter last year, the firm earned $0.61 EPS. On average, research analysts anticipate that Allient Inc. will post 1.43 earnings per share for the current fiscal year.

Allient Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Thursday, November 21st. Allient’s payout ratio is 13.64%.

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.