Ritholtz Wealth Management Makes New Investment in Allient Inc. $ALNT

Ritholtz Wealth Management purchased a new position in Allient Inc. (NASDAQ:ALNT) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 10,884 shares of the company’s stock, valued at approximately $585,000.

Other institutional investors also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL bought a new position in Allient in the 3rd quarter worth approximately $3,196,000. Principal Financial Group Inc. bought a new position in Allient in the 3rd quarter worth approximately $647,000. Handelsbanken Fonder AB acquired a new stake in shares of Allient during the 3rd quarter worth approximately $5,888,000. Assenagon Asset Management S.A. bought a new stake in shares of Allient during the third quarter valued at approximately $495,000. Finally, Portolan Capital Management LLC bought a new stake in shares of Allient during the third quarter valued at approximately $11,530,000. 61.57% of the stock is owned by institutional investors.

Allient Stock Performance

ALNT opened at $70.52 on Thursday. The stock has a market cap of $1.20 billion, a PE ratio of 53.42 and a beta of 1.53. The company has a current ratio of 3.66, a quick ratio of 2.08 and a debt-to-equity ratio of 0.60. Allient Inc. has a 1 year low of $20.10 and a 1 year high of $72.89. The stock’s 50 day simple moving average is $64.67 and its 200-day simple moving average is $57.98.

Allient (NASDAQ:ALNT) last announced its quarterly earnings results on Thursday, March 5th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.46 by $0.09. The business had revenue of $143.35 million for the quarter, compared to analyst estimates of $133.33 million. Allient had a return on equity of 12.53% and a net margin of 3.97%. Sell-side analysts forecast that Allient Inc. will post 1.43 EPS for the current year.

Allient Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Friday, March 20th were paid a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $0.12 annualized dividend and a yield of 0.2%. Allient’s payout ratio is currently 9.09%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Roth Mkm boosted their price objective on Allient from $56.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, March 16th. Craig Hallum restated a “buy” rating and set a $75.00 price objective on shares of Allient in a research report on Monday, March 9th. Weiss Ratings restated a “hold (c)” rating on shares of Allient in a research report on Wednesday, January 21st. Zacks Research cut Allient from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, Lake Street Capital assumed coverage on Allient in a research report on Wednesday, February 18th. They set a “buy” rating and a $79.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.60.

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.