Allient Inc. $ALNT Shares Sold by Teton Advisors LLC

Teton Advisors LLC decreased its holdings in Allient Inc. (NASDAQ:ALNT) by 30.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,800 shares of the company’s stock after selling 20,400 shares during the quarter. Allient comprises approximately 1.7% of Teton Advisors LLC’s portfolio, making the stock its 13th biggest holding. Teton Advisors LLC owned about 0.28% of Allient worth $2,516,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Allient by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 1,011,253 shares of the company’s stock worth $54,355,000 after purchasing an additional 26,438 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Allient by 20.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 290,696 shares of the company’s stock worth $13,009,000 after buying an additional 49,384 shares in the last quarter. Portolan Capital Management LLC acquired a new position in Allient during the third quarter worth about $11,530,000. Jennison Associates LLC acquired a new position in Allient during the fourth quarter worth about $8,982,000. Finally, Marshall Wace LLP increased its holdings in Allient by 1,291.3% in the third quarter. Marshall Wace LLP now owns 153,819 shares of the company’s stock valued at $6,883,000 after buying an additional 142,763 shares in the last quarter. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on ALNT shares. JPMorgan Chase & Co. decreased their price target on Allient from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Weiss Ratings downgraded Allient from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Lake Street Capital initiated coverage on Allient in a research report on Wednesday, February 18th. They set a “buy” rating and a $79.00 target price on the stock. Wall Street Zen lowered Allient from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Craig Hallum restated a “buy” rating and issued a $75.00 price target on shares of Allient in a research report on Monday, March 9th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Allient presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.25.

Allient Stock Performance

Shares of ALNT opened at $61.33 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.73 and a quick ratio of 2.15. Allient Inc. has a 1-year low of $29.57 and a 1-year high of $80.39. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 42.89 and a beta of 1.65. The firm has a 50 day simple moving average of $66.49 and a 200-day simple moving average of $61.17.

Allient (NASDAQ:ALNT) last posted its earnings results on Wednesday, May 6th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). The company had revenue of $138.92 million during the quarter, compared to analysts’ expectations of $138.42 million. Allient had a net margin of 4.25% and a return on equity of 12.47%. Equities analysts forecast that Allient Inc. will post 2.47 EPS for the current fiscal year.

Allient Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be given a $0.04 dividend. This is an increase from Allient’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, May 21st. Allient’s dividend payout ratio (DPR) is currently 8.39%.

Allient 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.