Northern Trust Corp Raises Stock Holdings in Allient Inc. (NASDAQ:ALNT)

Northern Trust Corp increased its position in Allient Inc. (NASDAQ:ALNT) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 137,004 shares of the company’s stock after purchasing an additional 3,529 shares during the quarter. Northern Trust Corp owned approximately 0.81% of Allient worth $3,326,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Aquatic Capital Management LLC boosted its position in Allient by 17.1% during the 4th quarter. Aquatic Capital Management LLC now owns 7,847 shares of the company’s stock valued at $191,000 after acquiring an additional 1,147 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Allient during the 4th quarter valued at about $1,183,000. Hancock Whitney Corp purchased a new position in shares of Allient during the 4th quarter valued at about $232,000. Voya Investment Management LLC purchased a new position in shares of Allient during the 4th quarter valued at about $290,000. Finally, Syon Capital LLC purchased a new position in shares of Allient during the 4th quarter valued at about $213,000. Institutional investors own 61.57% of the company’s stock.

Allient Trading Down 1.8%

Shares of ALNT opened at $29.88 on Friday. The stock has a market cap of $505.84 million, a price-to-earnings ratio of 33.95 and a beta of 1.39. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.10 and a quick ratio of 2.18. Allient Inc. has a 1-year low of $16.91 and a 1-year high of $32.95. The firm has a 50 day simple moving average of $23.91 and a 200-day simple moving average of $24.59.

Allient (NASDAQ:ALNT) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.13. Allient had a net margin of 2.64% and a return on equity of 10.80%. The company had revenue of $134.62 million during the quarter, compared to analysts’ expectations of $125.00 million. Equities analysts forecast that Allient Inc. will post 1.43 EPS for the current fiscal year.

Allient Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.40%. The ex-dividend date of this dividend is Thursday, May 22nd. Allient’s dividend payout ratio is presently 20.34%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Northland Securities set a $35.00 price objective on Allient in a research note on Monday, May 5th. Northland Capmk cut Allient from a “strong-buy” rating to a “hold” rating in a report on Monday, May 5th.

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.