Allient Inc. $ALNT Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its stake in shares of Allient Inc. (NASDAQ:ALNT) by 21.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 100,172 shares of the company’s stock after selling 26,800 shares during the quarter. Renaissance Technologies LLC’s holdings in Allient were worth $5,919,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Tudor Investment Corp ET AL purchased a new position in shares of Allient during the third quarter worth approximately $3,196,000. Tulsa Wealth Advisors INC acquired a new position in shares of Allient during the fourth quarter worth about $659,000. Jennison Associates LLC purchased a new position in Allient during the fourth quarter worth about $8,982,000. Vanguard Group Inc. lifted its holdings in shares of Allient by 2.7% in 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 during the period. Finally, Ritholtz Wealth Management acquired a new stake in Allient in the fourth quarter valued at $585,000. Institutional investors and hedge funds own 61.57% of the company’s stock.

Allient Trading Down 1.4%

Allient stock opened at $93.25 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.15 and a current ratio of 3.73. The firm’s 50-day moving average is $89.77 and its 200-day moving average is $74.11. Allient Inc. has a 1 year low of $38.24 and a 1 year high of $104.65. The company has a market cap of $1.59 billion, a P/E ratio of 65.21 and a beta of 1.61.

Allient (NASDAQ:ALNT) last posted its earnings results on Wednesday, August 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.19. The company had revenue of $153.77 million for the quarter, compared to analysts’ expectations of $145.68 million. Allient had a return on equity of 12.47% and a net margin of 4.25%. On average, equities analysts expect that Allient Inc. will post 2.47 earnings per share for the current year.

Allient Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.04 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.16 annualized dividend and a dividend yield of 0.2%. Allient’s dividend payout ratio (DPR) is 11.19%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ALNT shares. Jefferies Financial Group set a $80.00 target price on Allient in a report on Tuesday, May 26th. Weiss Ratings raised shares of Allient from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Macquarie Infrastructure set a $80.00 price objective on shares of Allient in a research note on Tuesday, May 26th. Roth Capital reaffirmed a “buy” rating and issued a $70.00 target price on shares of Allient in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Allient from $80.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.83.

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.