Lisanti Capital Growth LLC Makes New Investment in Allient Inc. $ALNT

Lisanti Capital Growth LLC bought a new stake in shares of Allient Inc. (NASDAQ:ALNT) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 30,890 shares of the company’s stock, valued at approximately $3,180,000.

A number of other large investors also recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of Allient in the 2nd quarter worth $128,774,000. Jennison Associates LLC lifted its stake in Allient by 111.5% in the first quarter. Jennison Associates LLC now owns 353,430 shares of the company’s stock valued at $20,884,000 after buying an additional 186,316 shares during the period. Telemark Asset Management LLC acquired a new position in Allient in the fourth quarter valued at about $8,062,000. Marshall Wace LLP boosted its holdings in Allient by 1,291.3% during the third quarter. Marshall Wace LLP now owns 153,819 shares of the company’s stock worth $6,883,000 after buying an additional 142,763 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its position in shares of Allient by 95.6% during the 4th quarter. Handelsbanken Fonder AB now owns 257,323 shares of the company’s stock worth $13,831,000 after buying an additional 125,753 shares during the period. Institutional investors and hedge funds own 61.57% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on ALNT shares. Weiss Ratings upgraded shares of Allient from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Wall Street Zen raised shares of Allient from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. upped their target price on shares of Allient from $95.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Roth Capital reiterated a “buy” rating and issued a $70.00 target price on shares of Allient in a report on Friday, May 8th. Finally, Macquarie Infrastructure set a $80.00 price target on shares of Allient in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $84.00.

Allient Trading Down 6.4%

NASDAQ ALNT opened at $101.81 on Thursday. Allient Inc. has a one year low of $41.75 and a one year high of $118.67. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.42 and a quick ratio of 1.95. The firm has a market cap of $1.73 billion, a P/E ratio of 59.89 and a beta of 1.61. The stock’s 50-day moving average is $95.10 and its 200-day moving average is $77.57.

Allient (NASDAQ:ALNT) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.19. Allient had a return on equity of 13.55% and a net margin of 4.98%.The business had revenue of $153.77 million during the quarter, compared to analyst estimates of $145.68 million. Sell-side analysts anticipate that Allient Inc. will post 2.72 earnings per share for the current fiscal year.

Allient Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.16 dividend on an annualized basis and a yield of 0.2%. Allient’s payout ratio is presently 9.41%.

Insiders Place Their Bets

In other news, CEO Richard S. Warzala sold 70,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $113.58, for a total value of $7,950,600.00. Following the completion of the transaction, the chief executive officer owned 1,499,106 shares in the company, valued at $170,268,459.48. This represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 15.00% of the company’s stock.

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.