Aviso Financial Inc. Decreases Position in Allient Inc. $ALNT

Aviso Financial Inc. reduced its position in shares of Allient Inc. (NASDAQ:ALNT) by 4.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,020 shares of the company’s stock after selling 1,400 shares during the period. Aviso Financial Inc. owned about 0.19% of Allient worth $1,199,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Prudential Financial Inc. acquired a new stake in Allient in the second quarter valued at $392,000. American Century Companies Inc. raised its stake in shares of Allient by 18.3% in the 2nd quarter. American Century Companies Inc. now owns 32,597 shares of the company’s stock valued at $1,184,000 after purchasing an additional 5,044 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Allient by 23.7% in the 2nd quarter. Franklin Resources Inc. now owns 36,869 shares of the company’s stock valued at $1,339,000 after purchasing an additional 7,057 shares in the last quarter. White Pine Capital LLC lifted its position in shares of Allient by 1.6% during the second quarter. White Pine Capital LLC now owns 17,218 shares of the company’s stock worth $625,000 after purchasing an additional 269 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Allient by 35.3% in the second quarter. JPMorgan Chase & Co. now owns 49,672 shares of the company’s stock worth $1,804,000 after purchasing an additional 12,949 shares in the last quarter. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

Allient Stock Performance

Shares of NASDAQ ALNT opened at $53.32 on Wednesday. Allient Inc. has a 1 year low of $19.25 and a 1 year high of $58.13. The firm has a market cap of $903.40 million, a P/E ratio of 62.00 and a beta of 1.51. The stock has a fifty day moving average price of $49.70 and a two-hundred day moving average price of $42.48. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.17 and a current ratio of 3.74.

Allient Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 20th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, November 20th. Allient’s dividend payout ratio is 10.71%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Zacks Research raised shares of Allient from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. Roth Capital increased their price objective on shares of Allient from $49.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Allient in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. assumed coverage on Allient in a report on Monday, October 20th. They set a “neutral” rating and a $60.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Allient presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.33.

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.