8,993 Shares in Allient Inc. $ALNT Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC bought a new stake in Allient Inc. (NASDAQ:ALNT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,993 shares of the company’s stock, valued at approximately $483,000. Kingsview Wealth Management LLC owned about 0.05% of Allient as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Allient by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 1,011,253 shares of the company’s stock valued at $54,355,000 after acquiring an additional 26,438 shares during the period. Geode Capital Management LLC increased its position in Allient by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 368,486 shares of the company’s stock worth $19,808,000 after acquiring an additional 10,173 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Allient by 20.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 290,696 shares of the company’s stock valued at $13,009,000 after purchasing an additional 49,384 shares during the last quarter. Portolan Capital Management LLC acquired a new position in Allient during the 3rd quarter valued at $11,530,000. Finally, Handelsbanken Fonder AB boosted its holdings in Allient by 95.6% in the 4th quarter. Handelsbanken Fonder AB now owns 257,323 shares of the company’s stock valued at $13,831,000 after purchasing an additional 125,753 shares during the period. 61.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ALNT. Macquarie Infrastructure set a $80.00 price objective on shares of Allient in a research report on Tuesday, May 26th. JPMorgan Chase & Co. upgraded Allient from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $65.00 to $80.00 in a research note on Tuesday, May 26th. Jefferies Financial Group set a $80.00 price target on Allient in a report on Tuesday, May 26th. Wall Street Zen downgraded Allient from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings cut Allient from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.33.

Allient Stock Performance

Shares of NASDAQ:ALNT opened at $85.42 on Wednesday. The business has a fifty day moving average of $67.76 and a 200-day moving average of $62.34. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.15 and a current ratio of 3.73. Allient Inc. has a twelve month low of $30.07 and a twelve month high of $86.94. The firm has a market cap of $1.45 billion, a PE ratio of 59.73 and a beta of 1.63.

Allient (NASDAQ:ALNT) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.05). Allient had a return on equity of 12.47% and a net margin of 4.25%.The company had revenue of $138.92 million during the quarter, compared to the consensus estimate of $138.42 million. On average, equities research analysts predict that Allient Inc. will post 2.47 EPS for the current fiscal year.

Allient Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This is a boost from Allient’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a yield of 0.2%. Allient’s payout ratio is 11.19%.

Allient Company 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.