Hsbc Holdings PLC Grows Stock Holdings in Allient Inc. (NASDAQ:ALNT)

Hsbc Holdings PLC grew its holdings in Allient Inc. (NASDAQ:ALNT) by 178.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,779 shares of the company’s stock after purchasing an additional 30,626 shares during the quarter. Hsbc Holdings PLC owned about 0.28% of Allient worth $1,197,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in Allient by 5.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 655,029 shares of the company’s stock worth $16,552,000 after purchasing an additional 32,455 shares in the last quarter. Cornercap Investment Counsel Inc. increased its holdings in shares of Allient by 18.9% during the 2nd quarter. Cornercap Investment Counsel Inc. now owns 20,367 shares of the company’s stock worth $515,000 after buying an additional 3,236 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Allient by 51.6% during the 2nd quarter. American Century Companies Inc. now owns 16,286 shares of the company’s stock worth $412,000 after buying an additional 5,546 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Allient during the 2nd quarter worth approximately $151,000. Finally, Acadian Asset Management LLC increased its holdings in shares of Allient by 40.2% during the 2nd quarter. Acadian Asset Management LLC now owns 70,305 shares of the company’s stock worth $1,774,000 after buying an additional 20,160 shares during the last quarter. 61.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ALNT. Northland Securities cut their price target on shares of Allient from $35.00 to $30.00 and set a “market perform” rating for the company in a report on Friday, August 9th. Craig Hallum cut their price target on shares of Allient from $41.00 to $30.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Roth Mkm cut their price target on shares of Allient from $39.00 to $28.00 and set a “buy” rating for the company in a report on Tuesday, August 13th.

Allient Stock Up 0.9 %

Allient stock opened at $19.30 on Friday. Allient Inc. has a fifty-two week low of $18.17 and a fifty-two week high of $36.33. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.00 and a current ratio of 3.90. The firm has a 50 day moving average price of $22.27 and a 200 day moving average price of $26.59. The company has a market capitalization of $323.78 million, a PE ratio of 12.78 and a beta of 1.51.

Allient (NASDAQ:ALNT) last posted its earnings results on Wednesday, August 7th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.11). Allient had a net margin of 3.35% and a return on equity of 13.04%. The company had revenue of $136.03 million during the quarter, compared to analyst estimates of $137.55 million. During the same quarter last year, the business posted $0.58 EPS. Research analysts expect that Allient Inc. will post 1.29 earnings per share for the current year.

Allient Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were paid a $0.03 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.12 annualized dividend and a dividend yield of 0.62%. Allient’s dividend payout ratio (DPR) is 7.95%.

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.