Allient Inc. $ALNT Position Raised by Sei Investments Co.

Sei Investments Co. boosted its position in Allient Inc. (NASDAQ:ALNT) by 87.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,424 shares of the company’s stock after purchasing an additional 25,935 shares during the period. Sei Investments Co.’s holdings in Allient were worth $3,275,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Arax Advisory Partners boosted its stake in Allient by 113.9% during the fourth quarter. Arax Advisory Partners now owns 494 shares of the company’s stock valued at $27,000 after buying an additional 263 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Allient in the 3rd quarter worth approximately $34,000. Larson Financial Group LLC raised its holdings in shares of Allient by 149.1% in the 4th quarter. Larson Financial Group LLC now owns 690 shares of the company’s stock worth $37,000 after purchasing an additional 413 shares in the last quarter. Cullen Frost Bankers Inc. lifted its stake in Allient by 22.0% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,160 shares of the company’s stock valued at $62,000 after purchasing an additional 209 shares during the last quarter. Finally, State of Wyoming bought a new stake in Allient during the fourth quarter worth approximately $67,000. 61.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Weiss Ratings raised Allient from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Macquarie Infrastructure set a $80.00 target price on shares of Allient in a research report on Tuesday, May 26th. JPMorgan Chase & Co. raised their price objective on shares of Allient from $95.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday. Jefferies Financial Group set a $80.00 target price on Allient in a report on Tuesday, May 26th. Finally, Roth Capital reissued a “buy” rating and issued a $70.00 price objective on shares of Allient in a research note on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Allient currently has an average rating of “Moderate Buy” and a consensus target price of $84.00.

Allient Stock Performance

NASDAQ:ALNT opened at $112.81 on Friday. The firm has a market capitalization of $1.92 billion, a PE ratio of 66.36 and a beta of 1.61. Allient Inc. has a 1 year low of $40.49 and a 1 year high of $117.48. The company has a current ratio of 3.42, a quick ratio of 2.15 and a debt-to-equity ratio of 0.56. The firm’s fifty day simple moving average is $91.18 and its 200 day simple moving average is $74.73.

Allient (NASDAQ:ALNT) last released its earnings results on Wednesday, August 5th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.19. Allient had a net margin of 4.98% and a return on equity of 13.55%. The firm had revenue of $153.77 million during the quarter, compared to analyst estimates of $145.68 million. On average, sell-side analysts anticipate that Allient Inc. will post 2.47 EPS for the current year.

Allient Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Wednesday, August 19th. Allient’s dividend payout ratio is presently 9.41%.

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.