Allient Inc. (NASDAQ:ALNT) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lowered its position in shares of Allient Inc. (NASDAQ:ALNT) by 17.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 35,485 shares of the company’s stock after selling 7,413 shares during the quarter. Bank of America Corp DE owned about 0.21% of Allient worth $862,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its holdings in shares of Allient by 23,963.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 406,193 shares of the company’s stock valued at $9,948,000 after buying an additional 404,505 shares during the period. Geode Capital Management LLC raised its stake in shares of Allient by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 345,726 shares of the company’s stock valued at $8,396,000 after purchasing an additional 1,560 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Allient during the fourth quarter worth $961,000. Bank of New York Mellon Corp boosted its stake in shares of Allient by 18.2% in the fourth quarter. Bank of New York Mellon Corp now owns 115,095 shares of the company’s stock valued at $2,794,000 after purchasing an additional 17,739 shares during the period. Finally, New York State Teachers Retirement System acquired a new stake in Allient during the 4th quarter valued at $32,000. Institutional investors and hedge funds own 61.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ALNT shares. Northland Capmk lowered shares of Allient from a “strong-buy” rating to a “hold” rating in a report on Monday, May 5th. Northland Securities set a $35.00 target price on Allient in a research report on Monday, May 5th.

Allient Price Performance

Shares of ALNT stock opened at $31.90 on Monday. The firm has a fifty day moving average of $25.48 and a two-hundred day moving average of $25.13. The firm has a market cap of $540.04 million, a P/E ratio of 36.25 and a beta of 1.47. Allient Inc. has a 1-year low of $16.91 and a 1-year high of $32.95. 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 (NASDAQ:ALNT) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.13. Allient had a return on equity of 10.80% and a net margin of 2.64%. The firm had revenue of $134.62 million during the quarter, compared to analyst estimates of $125.00 million. As a group, research analysts anticipate that Allient Inc. will post 1.43 earnings per share for the current fiscal year.

Allient Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were issued a $0.03 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.38%. Allient’s dividend payout ratio (DPR) is 20.34%.

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.