United Capital Financial Advisors LLC acquired a new stake in Allient Inc. (NASDAQ:ALNT – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,296 shares of the company’s stock, valued at approximately $751,000.
A number of other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in Allient by 19.8% in the first quarter. Royal Bank of Canada now owns 111,570 shares of the company’s stock valued at $2,453,000 after buying an additional 18,416 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Allient by 8.0% in the 1st quarter. AQR Capital Management LLC now owns 53,661 shares of the company’s stock valued at $1,179,000 after acquiring an additional 3,979 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of 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 acquiring an additional 390 shares in the last quarter. Empowered Funds LLC lifted its stake in Allient by 8.1% during the first quarter. Empowered Funds LLC now owns 46,044 shares of the company’s stock worth $1,012,000 after purchasing an additional 3,458 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Allient by 9.9% in the 1st quarter. Jane Street Group LLC now owns 18,379 shares of the company’s stock valued at $404,000 after buying an additional 1,663 shares in the last quarter. Hedge funds and other institutional investors own 61.57% of the company’s stock.
Insider Activity at Allient
In related news, CEO Richard S. Warzala sold 70,000 shares of the firm’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 owned 1,499,106 shares in the company, valued at $170,268,459.48. This trade represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 15.00% of the stock is owned by company insiders.
Allient Stock Performance
Allient (NASDAQ:ALNT – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.19. The firm had revenue of $153.77 million for the quarter, compared to analyst estimates of $145.68 million. Allient had a return on equity of 13.55% and a net margin of 4.98%. On average, equities analysts forecast that Allient Inc. will post 2.73 EPS for the current year.
Allient Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, August 19th. Allient’s dividend payout ratio (DPR) is currently 9.41%.
Analyst Ratings Changes
ALNT has been the subject of several research analyst reports. Macquarie Infrastructure set a $80.00 price objective on Allient in a report on Tuesday, May 26th. Zacks Research raised Allient from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Wall Street Zen raised Allient from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded Allient from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Finally, Jefferies Financial Group set a $80.00 price target on Allient in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $84.00.
Check Out Our Latest Analysis on ALNT
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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