Allspring Global Investments Holdings LLC Purchases 7,944 Shares of Allient Inc. $ALNT

Allspring Global Investments Holdings LLC boosted its position in shares of Allient Inc. (NASDAQ:ALNT) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 450,279 shares of the company’s stock after purchasing an additional 7,944 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Allient were worth $16,350,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Copeland Capital Management LLC increased its holdings in Allient by 16.4% during the 2nd quarter. Copeland Capital Management LLC now owns 2,561 shares of the company’s stock worth $93,000 after purchasing an additional 360 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 in the last quarter. Diamond Hill Capital Management Inc. grew its position in Allient by 0.3% in the first quarter. Diamond Hill Capital Management Inc. now owns 192,048 shares of the company’s stock valued at $4,221,000 after purchasing an additional 511 shares in the last quarter. Deutsche Bank AG grew its position 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 in the last quarter. Finally, Aviso Financial Inc. grew its position in 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 purchasing an additional 620 shares in the last quarter. Institutional investors own 61.57% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Allient in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $35.00.

Allient Stock Performance

Shares of ALNT opened at $49.25 on Friday. The firm has a 50-day moving average of $45.75 and a 200-day moving average of $36.26. Allient Inc. has a one year low of $16.91 and a one year high of $53.62. The company has a market cap of $834.64 million, a PE ratio of 57.27 and a beta of 1.51. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.74 and a quick ratio of 2.17.

Allient (NASDAQ:ALNT) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. Allient had a net margin of 2.75% and a return on equity of 9.97%. The company had revenue of $139.58 million during the quarter, compared to the consensus estimate of $132.89 million. As a group, equities analysts forecast that Allient Inc. will post 1.43 earnings per share for the current year.

Allient Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, August 21st. Allient’s dividend payout ratio (DPR) is 13.95%.

About Allient

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.