Boston Partners Cuts Holdings in Allient Inc. $ALNT

Boston Partners lowered its position in Allient Inc. (NASDAQ:ALNT) by 33.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,259 shares of the company’s stock after selling 3,676 shares during the period. Boston Partners’ holdings in Allient were worth $264,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ALNT. Copeland Capital Management LLC grew its position in shares of Allient by 16.4% during the 2nd quarter. Copeland Capital Management LLC now owns 2,561 shares of the company’s stock valued at $93,000 after acquiring an additional 360 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Allient by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,736 shares of the company’s stock valued at $192,000 after purchasing an additional 390 shares during the period. Deutsche Bank AG grew its holdings in Allient by 2.9% in the first quarter. Deutsche Bank AG now owns 18,221 shares of the company’s stock valued at $400,000 after purchasing an additional 520 shares during the period. Aviso Financial Inc. increased its position in shares of Allient by 1.8% in the first quarter. Aviso Financial Inc. now owns 34,420 shares of the company’s stock valued at $757,000 after buying an additional 620 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its position in shares of Allient by 173.0% in the second quarter. Cullen Frost Bankers Inc. now owns 999 shares of the company’s stock valued at $36,000 after buying an additional 633 shares in the last quarter. 61.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Allient Stock Down 0.4%

Shares of ALNT opened at $53.90 on Monday. Allient Inc. has a 52-week low of $19.25 and a 52-week high of $58.13. The company has a quick ratio of 2.17, a current ratio of 3.74 and a debt-to-equity ratio of 0.70. The stock has a fifty day simple moving average of $50.14 and a two-hundred day simple moving average of $42.96. The company has a market capitalization of $913.23 million, a PE ratio of 62.67 and a beta of 1.51.

Allient Dividend Announcement

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

Insider Buying and Selling

In other Allient news, VP Ashish Bendre sold 16,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $52.25, for a total value of $836,000.00. Following the transaction, the vice president directly owned 23,166 shares in the company, valued at $1,210,423.50. The trade was a 40.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 15.60% of the stock is owned by company insiders.

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.