American Century Companies Inc. Grows Stock Position in Allient Inc. $ALNT

American Century Companies Inc. raised its holdings in Allient Inc. (NASDAQ:ALNT) by 27.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,553 shares of the company’s stock after purchasing an additional 6,002 shares during the period. American Century Companies Inc. owned 0.16% of Allient worth $606,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of ALNT. Public Employees Retirement System of Ohio purchased a new stake in shares of Allient in the fourth quarter valued at about $41,000. CWM LLC lifted its stake in 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 buying an additional 969 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Allient in the 1st quarter valued at approximately $60,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Allient by 4.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,346 shares of the company’s stock valued at $203,000 after buying an additional 380 shares in the last quarter. Finally, Voya Investment Management LLC purchased a new stake in Allient in the 4th quarter valued at approximately $290,000. Hedge funds and other institutional investors own 61.57% of the company’s stock.

Allient Stock Down 1.1%

Shares of NASDAQ:ALNT opened at $45.54 on Friday. The company has a quick ratio of 2.17, a current ratio of 3.74 and a debt-to-equity ratio of 0.70. Allient Inc. has a 52-week low of $16.91 and a 52-week high of $48.22. The stock’s fifty day simple moving average is $41.66 and its 200-day simple moving average is $31.72. The company has a market capitalization of $771.90 million, a P/E ratio of 52.95 and a beta of 1.51.

Allient (NASDAQ:ALNT) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.09. The business had revenue of $139.58 million for 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%. As a group, equities research analysts forecast that Allient Inc. will post 1.43 earnings per share for the current fiscal year.

Allient Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. Allient’s dividend payout ratio is presently 13.95%.

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.