Tulsa Wealth Advisors INC Takes $659,000 Position in Allient Inc. $ALNT

Tulsa Wealth Advisors INC acquired a new position in Allient Inc. (NASDAQ:ALNTFree Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 12,262 shares of the company’s stock, valued at approximately $659,000.

Other institutional investors also recently modified their holdings of the company. Invesco Ltd. raised its stake in shares of Allient by 1.3% during the fourth quarter. Invesco Ltd. now owns 85,409 shares of the company’s stock worth $4,591,000 after buying an additional 1,084 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in Allient during the 4th quarter worth $219,000. Millennium Management LLC grew its holdings in Allient by 38.8% during the 4th quarter. Millennium Management LLC now owns 137,527 shares of the company’s stock worth $7,392,000 after acquiring an additional 38,447 shares during the period. Inspire Investing LLC bought a new stake in shares of Allient during the 4th quarter valued at $1,243,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Allient in the 4th quarter valued at $397,000. Institutional investors and hedge funds own 61.57% of the company’s stock.

Allient Stock Performance

Shares of Allient stock opened at $95.85 on Friday. The company has a market capitalization of $1.63 billion, a PE ratio of 67.03 and a beta of 1.63. Allient Inc. has a 12 month low of $33.14 and a 12 month high of $100.01. The company has a current ratio of 3.73, a quick ratio of 2.15 and a debt-to-equity ratio of 0.58. The stock’s fifty day simple moving average is $75.78 and its 200 day simple moving average is $66.04.

Allient (NASDAQ:ALNTGet Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.05). Allient had a return on equity of 12.47% and a net margin of 4.25%.The business had revenue of $138.91 million for the quarter, compared to the consensus estimate of $138.42 million. On average, research analysts predict that Allient Inc. will post 2.47 EPS for the current year.

Allient Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were given a dividend of $0.04 per share. This is an increase from Allient’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, May 21st. Allient’s payout ratio is 11.19%.

Analyst Ratings Changes

Several research analysts have recently issued reports on ALNT shares. Jefferies Financial Group set a $80.00 price target on Allient in a research report on Tuesday, May 26th. JPMorgan Chase & Co. upgraded Allient from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $65.00 to $80.00 in a report on Tuesday, May 26th. Roth Mkm restated a “buy” rating and set a $70.00 target price on shares of Allient in a report on Friday, May 8th. Weiss Ratings lowered Allient from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $75.00 price target on shares of Allient in a research note on Monday, March 9th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $77.33.

Read Our Latest Stock Analysis on Allient

About Allient

(Free Report)

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.

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Institutional Ownership by Quarter for Allient (NASDAQ:ALNT)

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