Seizert Capital Partners LLC Acquires 3,422 Shares of Allient Inc. $ALNT

Seizert Capital Partners LLC raised its holdings in shares of Allient Inc. (NASDAQ:ALNT) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 154,112 shares of the company’s stock after acquiring an additional 3,422 shares during the quarter. Seizert Capital Partners LLC owned about 0.91% of Allient worth $5,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ALNT. Cullen Frost Bankers Inc. grew its position in shares of Allient by 173.0% in the second quarter. Cullen Frost Bankers Inc. now owns 999 shares of the company’s stock valued at $36,000 after purchasing an additional 633 shares in the last quarter. CWM LLC grew its holdings in Allient by 105.2% during the 1st quarter. CWM LLC now owns 1,890 shares of the company’s stock valued at $42,000 after buying an additional 969 shares in the last quarter. Copeland Capital Management LLC grew its holdings in Allient by 16.4% during the 2nd quarter. Copeland Capital Management LLC now owns 2,561 shares of the company’s stock valued at $93,000 after buying an additional 360 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Allient by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,736 shares of the company’s stock valued at $192,000 after buying an additional 390 shares during the period. Finally, Ballentine Partners LLC purchased a new stake in shares of Allient in the second quarter worth about $226,000. Hedge funds and other institutional investors own 61.57% of the company’s stock.

Allient Stock Performance

NASDAQ:ALNT opened at $50.30 on Wednesday. The company has a market capitalization of $852.23 million, a price-to-earnings ratio of 58.49 and a beta of 1.51. The business has a 50 day moving average of $49.20 and a 200 day moving average of $41.54. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.74 and a quick ratio of 2.17. Allient Inc. has a 1-year low of $19.25 and a 1-year high of $58.13.

Allient Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th will be given a $0.03 dividend. The ex-dividend date is Thursday, November 20th. This represents a $0.12 annualized dividend and a yield of 0.2%. Allient’s payout ratio is presently 10.71%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ALNT. Roth Capital boosted their price objective on shares of Allient from $49.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, November 14th. JPMorgan Chase & Co. initiated coverage on Allient in a research note on Monday, October 20th. They set a “neutral” rating and a $60.00 price objective for the company. Zacks Research upgraded Allient from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Allient in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.33.

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.