Cubist Systematic Strategies LLC Sells 7,282 Shares of Allient Inc. (NASDAQ:ALNT)

Cubist Systematic Strategies LLC lowered its stake in Allient Inc. (NASDAQ:ALNT) by 23.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,373 shares of the company’s stock after selling 7,282 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Allient were worth $567,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Allient by 61.2% in the 3rd quarter. Barclays PLC now owns 45,362 shares of the company’s stock valued at $862,000 after acquiring an additional 17,216 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Allient by 74.7% during the 3rd quarter. Franklin Resources Inc. now owns 28,034 shares of the company’s stock valued at $516,000 after buying an additional 11,986 shares in the last quarter. JPMorgan Chase & Co. grew its position in Allient by 71.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 89,004 shares of the company’s stock worth $1,690,000 after acquiring an additional 37,151 shares during the last quarter. Empowered Funds LLC grew its position in Allient by 5.0% during the 4th quarter. Empowered Funds LLC now owns 42,586 shares of the company’s stock worth $1,034,000 after acquiring an additional 2,040 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Allient by 23,963.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 406,193 shares of the company’s stock worth $9,948,000 after acquiring an additional 404,505 shares during the last quarter. Institutional investors own 61.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ALNT shares. Northland Capmk lowered Allient from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 5th. Northland Securities set a $35.00 price target on Allient in a research report on Monday, May 5th.

Allient Stock Up 3.9%

ALNT stock opened at $32.77 on Friday. Allient Inc. has a 1-year low of $16.91 and a 1-year high of $32.83. The business has a fifty day moving average price of $22.98 and a 200-day moving average price of $24.04. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.10 and a quick ratio of 2.18. The stock has a market capitalization of $554.76 million, a P/E ratio of 37.24 and a beta of 1.39.

Allient (NASDAQ:ALNT) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.13. Allient had a return on equity of 10.80% and a net margin of 2.64%. The firm had revenue of $134.62 million during the quarter, compared to analysts’ expectations of $125.00 million. Equities analysts forecast that Allient Inc. will post 1.43 earnings per share for the current fiscal year.

Allient Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date is Thursday, May 22nd. Allient’s dividend payout ratio (DPR) is presently 20.34%.

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.