Boston Partners Trims Position in Allient Inc. (NASDAQ:ALNT)

Boston Partners reduced its holdings in Allient Inc. (NASDAQ:ALNT) by 47.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,790 shares of the company’s stock after selling 10,666 shares during the period. Boston Partners owned about 0.07% of Allient worth $286,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ALNT. New York State Teachers Retirement System acquired a new position in Allient during the fourth quarter valued at $32,000. Point72 DIFC Ltd purchased a new position in shares of Allient during the 3rd quarter valued at about $33,000. Globeflex Capital L P acquired a new position in shares of Allient in the 4th quarter valued at about $118,000. one8zero8 LLC purchased a new stake in shares of Allient in the fourth quarter worth about $214,000. Finally, AlphaQuest LLC grew its holdings in Allient by 283.4% during the fourth quarter. AlphaQuest LLC now owns 9,889 shares of the company’s stock worth $240,000 after acquiring an additional 7,310 shares during the period. Institutional investors and hedge funds own 61.57% of the company’s stock.

Allient Stock Performance

NASDAQ ALNT opened at $23.81 on Monday. The stock has a market capitalization of $401.08 million, a price-to-earnings ratio of 27.06 and a beta of 1.59. The stock has a 50-day moving average of $25.04 and a 200 day moving average of $23.01. The company has a current ratio of 4.10, a quick ratio of 2.18 and a debt-to-equity ratio of 0.85. Allient Inc. has a twelve month low of $16.91 and a twelve month high of $36.33.

Allient (NASDAQ:ALNT) last announced its earnings results on Wednesday, March 5th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.03. Allient had a return on equity of 10.80% and a net margin of 2.64%. The business had revenue of $122.01 million during the quarter, compared to the consensus estimate of $119.72 million. Sell-side analysts anticipate that Allient Inc. will post 1.43 EPS for the current fiscal year.

Allient Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be given a $0.03 dividend. The ex-dividend date is Thursday, March 20th. This represents a $0.12 annualized dividend and a dividend yield of 0.50%. Allient’s dividend payout ratio (DPR) is 15.00%.

Analyst Ratings Changes

A number of research analysts have issued reports on ALNT shares. Northland Securities raised Allient from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $30.00 to $35.00 in a report on Tuesday, February 11th. Northland Capmk upgraded shares of Allient from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th.

About Allient

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.