Geode Capital Management LLC Purchases 5,975 Shares of Allient Inc. (NASDAQ:ALNT)

Geode Capital Management LLC raised its holdings in shares of Allient Inc. (NASDAQ:ALNT) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 344,166 shares of the company’s stock after purchasing an additional 5,975 shares during the period. Geode Capital Management LLC’s holdings in Allient were worth $6,537,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ALNT. Bank of New York Mellon Corp raised its stake in shares of Allient by 13.5% during the second quarter. Bank of New York Mellon Corp now owns 98,012 shares of the company’s stock worth $2,477,000 after buying an additional 11,629 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Allient by 143.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,856 shares of the company’s stock worth $97,000 after acquiring an additional 2,271 shares during the period. Rhumbline Advisers raised its position in shares of Allient by 23.2% during the 2nd quarter. Rhumbline Advisers now owns 23,318 shares of the company’s stock valued at $589,000 after acquiring an additional 4,392 shares during the last quarter. Isthmus Partners LLC lifted its stake in shares of Allient by 0.7% in the 2nd quarter. Isthmus Partners LLC now owns 98,165 shares of the company’s stock valued at $25,000 after purchasing an additional 653 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in shares of Allient by 40.2% in the 2nd quarter. Acadian Asset Management LLC now owns 70,305 shares of the company’s stock valued at $1,774,000 after purchasing an additional 20,160 shares during the period. Institutional investors own 61.57% of the company’s stock.

Allient Stock Up 4.6 %

Shares of Allient stock opened at $25.61 on Friday. The business has a fifty day simple moving average of $23.82 and a 200 day simple moving average of $22.76. The stock has a market cap of $431.40 million, a PE ratio of 29.10 and a beta of 1.61. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. Allient Inc. has a 12 month low of $16.91 and a 12 month high of $36.33.

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

Allient Dividend Announcement

The company 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 0.47%. The ex-dividend date of this dividend was Thursday, November 21st. Allient’s payout ratio is presently 13.64%.

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.