Navellier & Associates Inc. Boosts Stock Holdings in Allient Inc. $ALNT

Navellier & Associates Inc. raised its position in shares of Allient Inc. (NASDAQ:ALNT) by 158.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 17,975 shares of the company’s stock after acquiring an additional 11,027 shares during the quarter. Navellier & Associates Inc.’s holdings in Allient were worth $1,850,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in Allient in the second quarter worth $25,000. Kilter Group LLC bought a new stake in Allient in the 2nd quarter valued at about $37,000. Arax Advisory Partners raised its stake in Allient by 113.9% in the 4th quarter. Arax Advisory Partners now owns 494 shares of the company’s stock valued at $27,000 after acquiring an additional 263 shares during the period. Larson Financial Group LLC lifted its holdings in Allient by 149.1% during the fourth quarter. Larson Financial Group LLC now owns 690 shares of the company’s stock valued at $37,000 after purchasing an additional 413 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Allient during the third quarter valued at about $34,000. 61.57% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Richard S. Warzala sold 70,000 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $113.58, for a total transaction of $7,950,600.00. Following the completion of the transaction, the chief executive officer owned 1,499,106 shares of the company’s stock, valued at approximately $170,268,459.48. The trade was a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 15.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on ALNT shares. Roth Capital reiterated a “buy” rating and set a $70.00 target price on shares of Allient in a research report on Friday, May 8th. Zacks Research upgraded shares of Allient from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. JPMorgan Chase & Co. raised their price objective on shares of Allient from $95.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Weiss Ratings upgraded shares of Allient from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, August 17th. Finally, Wall Street Zen raised shares of Allient from a “hold” rating to a “strong-buy” rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to MarketBeat.com, Allient has a consensus rating of “Buy” and a consensus target price of $84.00.

Allient Stock Performance

NASDAQ ALNT opened at $92.86 on Friday. The company’s 50 day simple moving average is $95.18 and its two-hundred day simple moving average is $79.02. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.42 and a quick ratio of 1.95. Allient Inc. has a 1 year low of $41.75 and a 1 year high of $118.67. The stock has a market capitalization of $1.58 billion, a PE ratio of 54.62 and a beta of 1.61.

Allient (NASDAQ:ALNT) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.19. The firm had revenue of $153.77 million during the quarter, compared to analyst estimates of $145.68 million. Allient had a net margin of 4.98% and a return on equity of 13.55%. Analysts predict that Allient Inc. will post 2.73 earnings per share for the current fiscal year.

Allient Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Wednesday, August 19th. Allient’s dividend payout ratio (DPR) is 9.41%.

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.