Royal Bank of Canada lessened its holdings in shares of Allient Inc. (NASDAQ:ALNT – Free Report) by 34.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,488 shares of the company’s stock after selling 5,455 shares during the quarter. Royal Bank of Canada owned about 0.06% of Allient worth $620,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Allient by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 1,011,253 shares of the company’s stock valued at $54,355,000 after buying an additional 26,438 shares in the last quarter. State Street Corp boosted its holdings in shares of Allient by 32.5% during the 4th quarter. State Street Corp now owns 392,261 shares of the company’s stock valued at $21,084,000 after purchasing an additional 96,264 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Allient by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 368,486 shares of the company’s stock valued at $19,808,000 after purchasing an additional 10,173 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Allient by 111.5% in the first quarter. Jennison Associates LLC now owns 353,430 shares of the company’s stock worth $20,884,000 after purchasing an additional 186,316 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Allient by 20.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 290,696 shares of the company’s stock worth $13,009,000 after purchasing an additional 49,384 shares during the last quarter. 61.57% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Allient
In other Allient news, CEO Richard S. Warzala sold 70,000 shares of the business’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $113.58, for a total value of $7,950,600.00. Following the completion of the sale, the chief executive officer directly owned 1,499,106 shares of the company’s stock, valued at $170,268,459.48. The trade was a 4.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 15.00% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on Allient
Allient Stock Performance
Shares of Allient stock opened at $93.08 on Tuesday. The company has a quick ratio of 1.95, a current ratio of 3.42 and a debt-to-equity ratio of 0.56. The stock’s fifty day moving average is $95.31 and its two-hundred day moving average is $78.27. Allient Inc. has a 52 week low of $41.75 and a 52 week high of $118.67. The company has a market capitalization of $1.58 billion, a PE ratio of 54.75 and a beta of 1.61.
Allient (NASDAQ:ALNT – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.19. The business had revenue of $153.77 million during the quarter, compared to the consensus estimate of $145.68 million. Allient had a return on equity of 13.55% and a net margin of 4.98%. As a group, analysts expect that Allient Inc. will post 2.72 earnings per share for the current year.
Allient Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be issued a dividend of $0.04 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.16 dividend on an annualized basis and a yield of 0.2%. Allient’s dividend payout ratio (DPR) is presently 9.41%.
About Allient
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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