Ritholtz Wealth Management Has $1.15 Million Stock Position in Allient Inc. $ALNT

Ritholtz Wealth Management increased its position in Allient Inc. (NASDAQ:ALNT) by 79.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,519 shares of the company’s stock after buying an additional 8,635 shares during the quarter. Ritholtz Wealth Management’s holdings in Allient were worth $1,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Arax Advisory Partners lifted its position in shares of Allient by 113.9% in the 4th quarter. Arax Advisory Partners now owns 494 shares of the company’s stock worth $27,000 after purchasing an additional 263 shares during the period. Advisory Services Network LLC bought a new stake in shares of Allient during the third quarter valued at approximately $34,000. Larson Financial Group LLC lifted its stake in shares of Allient by 149.1% in the fourth quarter. Larson Financial Group LLC now owns 690 shares of the company’s stock valued at $37,000 after buying an additional 413 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in Allient by 22.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,160 shares of the company’s stock valued at $62,000 after purchasing an additional 209 shares during the last quarter. Finally, State of Wyoming bought a new stake in Allient during the fourth quarter worth $67,000. Institutional investors own 61.57% of the company’s stock.

Allient Stock Performance

NASDAQ ALNT opened at $97.63 on Monday. The stock’s 50 day moving average is $78.55 and its 200 day moving average is $67.68. The firm has a market capitalization of $1.66 billion, a PE ratio of 68.27 and a beta of 1.64. The company has a quick ratio of 2.15, a current ratio of 3.73 and a debt-to-equity ratio of 0.58. Allient Inc. has a twelve month low of $35.36 and a twelve month high of $104.65.

Allient (NASDAQ:ALNT) last issued its quarterly 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). Allient had a net margin of 4.25% and a return on equity of 12.47%. The business had revenue of $138.91 million for the quarter, compared to analysts’ expectations of $138.42 million. Research analysts forecast that Allient Inc. will post 2.47 earnings per share for the current fiscal year.

Allient Increases Dividend

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

Wall Street Analyst Weigh In

ALNT has been the topic of several recent analyst reports. Wall Street Zen raised shares of Allient from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Macquarie Infrastructure set a $80.00 target price on shares of Allient in a report on Tuesday, May 26th. Weiss Ratings downgraded shares of Allient from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. upgraded shares of Allient from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $65.00 to $80.00 in a research report on Tuesday, May 26th. Finally, Jefferies Financial Group set a $80.00 target price on Allient in a research report on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $77.33.

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.