16,748 Shares in Allient Inc. (NASDAQ:ALNT) Acquired by White Pine Capital LLC

White Pine Capital LLC acquired a new stake in shares of Allient Inc. (NASDAQ:ALNT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,748 shares of the company’s stock, valued at approximately $407,000. White Pine Capital LLC owned approximately 0.10% of Allient at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC increased its holdings in Allient by 843.2% during the 3rd quarter. FMR LLC now owns 1,153,537 shares of the company’s stock valued at $21,906,000 after purchasing an additional 1,031,243 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Allient by 23,963.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 406,193 shares of the company’s stock valued at $9,948,000 after purchasing an additional 404,505 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Allient by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 344,166 shares of the company’s stock valued at $6,537,000 after purchasing an additional 5,975 shares during the period. State Street Corp raised its stake in shares of Allient by 0.8% in the third quarter. State Street Corp now owns 306,239 shares of the company’s stock worth $5,815,000 after buying an additional 2,453 shares during the period. Finally, Pinnacle Associates Ltd. grew its position in shares of Allient by 7.9% during the third quarter. Pinnacle Associates Ltd. now owns 267,806 shares of the company’s stock worth $5,086,000 after purchasing an additional 19,622 shares in the last quarter. Institutional investors own 61.57% of the company’s stock.

Allient Stock Performance

Shares of ALNT opened at $26.69 on Friday. The stock has a 50 day moving average price of $25.17 and a 200 day moving average price of $22.58. Allient Inc. has a 52-week low of $16.91 and a 52-week high of $36.33. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $449.59 million, a price-to-earnings ratio of 30.33 and a beta of 1.61.

Analysts Set New Price Targets

ALNT has been the topic of several recent research reports. Northland Securities upgraded Allient from a “market perform” rating to an “outperform” rating and increased their price target for the company from $30.00 to $35.00 in a report on Tuesday. Northland Capmk upgraded Allient from a “hold” rating to a “strong-buy” rating in a research report on Tuesday.

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.