Connor Clark & Lunn Investment Management Ltd. Buys 4,381 Shares of Allient Inc. (NASDAQ:ALNT)

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Allient Inc. (NASDAQ:ALNT) by 7.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 61,077 shares of the company’s stock after purchasing an additional 4,381 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Allient were worth $1,483,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in Allient by 23,963.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 406,193 shares of the company’s stock valued at $9,948,000 after buying an additional 404,505 shares during the last quarter. Barclays PLC grew its position in shares of Allient by 61.2% during the 3rd quarter. Barclays PLC now owns 45,362 shares of the company’s stock worth $862,000 after purchasing an additional 17,216 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Allient by 74.7% in the third quarter. Franklin Resources Inc. now owns 28,034 shares of the company’s stock valued at $516,000 after buying an additional 11,986 shares in the last quarter. Geode Capital Management LLC raised its holdings in Allient by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 344,166 shares of the company’s stock valued at $6,537,000 after acquiring an additional 5,975 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Allient during the 3rd quarter worth $386,000. Institutional investors own 61.57% of the company’s stock.

Allient Trading Up 2.5 %

NASDAQ ALNT opened at $24.26 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.10 and a quick ratio of 2.18. The stock has a market capitalization of $408.66 million, a P/E ratio of 27.57 and a beta of 1.59. The business has a 50 day simple moving average of $25.06 and a 200 day simple moving average of $22.95. Allient Inc. has a one year low of $16.91 and a one year high of $36.33.

Allient (NASDAQ:ALNT) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.28 by $0.03. Allient had a net margin of 2.64% and a return on equity of 10.80%. The firm had revenue of $122.01 million during the quarter, compared to analyst estimates of $119.72 million. Research analysts expect that Allient Inc. will post 1.43 earnings per share for the current year.

Allient Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $0.12 annualized dividend and a yield of 0.49%. Allient’s payout ratio is 15.00%.

Wall Street Analyst Weigh In

ALNT has been the subject of several research analyst reports. Northland Capmk raised shares of Allient from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Northland Securities raised Allient from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $30.00 to $35.00 in a report on Tuesday, February 11th.

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.