Charles Schwab Investment Management Inc. Increases Stock Position in Allient Inc. $ALNT

Charles Schwab Investment Management Inc. grew its position in shares of Allient Inc. (NASDAQ:ALNT) by 26.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,033 shares of the company’s stock after purchasing an additional 18,854 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.54% of Allient worth $2,001,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Public Employees Retirement System of Ohio purchased a new position in Allient in the 4th quarter valued at approximately $41,000. CWM LLC raised its holdings in shares of Allient by 105.2% in the 1st quarter. CWM LLC now owns 1,890 shares of the company’s stock valued at $42,000 after purchasing an additional 969 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of Allient in the 1st quarter valued at $60,000. Aquatic Capital Management LLC lifted its position 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 worth $191,000 after purchasing an additional 1,147 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Allient by 4.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,346 shares of the company’s stock worth $203,000 after purchasing an additional 380 shares in the last quarter. Institutional investors and hedge funds own 61.57% of the company’s stock.

Allient Trading Down 4.1%

NASDAQ:ALNT opened at $45.38 on Monday. Allient Inc. has a 12-month low of $16.91 and a 12-month high of $48.22. The company has a current ratio of 3.74, a quick ratio of 2.17 and a debt-to-equity ratio of 0.70. The stock’s 50 day simple moving average is $40.67 and its 200-day simple moving average is $31.13. The firm has a market cap of $769.19 million, a P/E ratio of 52.77 and a beta of 1.51.

Allient (NASDAQ:ALNT) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.09. The firm had revenue of $139.58 million during the quarter, compared to the consensus estimate of $132.89 million. Allient had a return on equity of 9.97% and a net margin of 2.75%. Equities analysts anticipate that Allient Inc. will post 1.43 EPS for the current year.

Allient Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be paid a $0.03 dividend. The ex-dividend date is Thursday, August 21st. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Allient’s payout ratio is 13.95%.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Northland Capmk cut 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 shares of Allient in a research report on Monday, May 5th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $35.00.

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.