California State Teachers Retirement System Has $26,000 Stock Position in Allient Inc. (NASDAQ:ALNT)

California State Teachers Retirement System cut its holdings in Allient Inc. (NASDAQ:ALNT) by 92.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,055 shares of the company’s stock after selling 12,446 shares during the quarter. California State Teachers Retirement System’s holdings in Allient were worth $26,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. New York State Teachers Retirement System bought a new stake in Allient in the fourth quarter worth approximately $32,000. Hurley Capital LLC bought a new position in shares of Allient during the 4th quarter worth approximately $38,000. Public Employees Retirement System of Ohio bought a new stake in shares of Allient in the 4th quarter worth approximately $41,000. Globeflex Capital L P purchased a new stake in Allient during the fourth quarter valued at about $118,000. Finally, Aquatic Capital Management LLC raised its stake in shares of 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 purchasing an additional 1,147 shares during the period. 61.57% of the stock is owned by institutional investors and hedge funds.

Allient Stock Down 1.4%

Allient stock opened at $34.28 on Friday. The stock has a market cap of $580.33 million, a PE ratio of 38.95 and a beta of 1.47. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. Allient Inc. has a one year low of $16.91 and a one year high of $35.13. The stock has a fifty day moving average of $26.54 and a 200 day moving average of $25.38.

Allient (NASDAQ:ALNT) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.13. The firm had revenue of $134.62 million during the quarter, compared to analyst estimates of $125.00 million. Allient had a return on equity of 10.80% and a net margin of 2.64%. As a group, sell-side analysts predict that Allient Inc. will post 1.43 EPS for the current year.

Allient Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend was Thursday, May 22nd. Allient’s dividend payout ratio (DPR) is presently 20.34%.

Analyst Ratings Changes

A number of research firms have recently issued reports on ALNT. Northland Securities set a $35.00 price objective on Allient in a report on Monday, May 5th. Northland Capmk lowered Allient from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 5th.

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.