Allient Inc. $ALNT Shares Sold by Howe & Rusling Inc.

Howe & Rusling Inc. reduced its position in shares of Allient Inc. (NASDAQ:ALNT) by 19.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 80,631 shares of the company’s stock after selling 19,375 shares during the period. Howe & Rusling Inc.’s holdings in Allient were worth $2,928,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ALNT. Zacks Research raised shares of Allient from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. started coverage on shares of Allient in a report on Monday, October 20th. They issued a “neutral” rating and a $60.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Allient in a research note on Wednesday, October 8th. Finally, Roth Capital upped their price target on Allient from $49.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $50.33.

Allient Price Performance

Allient stock opened at $50.45 on Thursday. The company has a current ratio of 3.74, a quick ratio of 2.17 and a debt-to-equity ratio of 0.70. The company has a 50-day moving average price of $49.30 and a 200 day moving average price of $41.60. Allient Inc. has a 12-month low of $19.25 and a 12-month high of $58.13. The stock has a market cap of $854.77 million, a P/E ratio of 58.66 and a beta of 1.51.

Allient Dividend Announcement

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

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.