Howe & Rusling Inc. Cuts Stake in Allient Inc. (NASDAQ:ALNT)

Howe & Rusling Inc. lessened its holdings in shares of Allient Inc. (NASDAQ:ALNT) by 6.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 112,962 shares of the company’s stock after selling 8,014 shares during the quarter. Howe & Rusling Inc.’s holdings in Allient were worth $2,743,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ALNT. New York State Teachers Retirement System bought a new stake in shares of Allient during the fourth quarter valued at approximately $32,000. Point72 DIFC Ltd purchased a new stake in Allient in the 3rd quarter worth $33,000. Charles Schwab Investment Management Inc. lifted its stake in Allient by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 72,179 shares of the company’s stock worth $1,753,000 after purchasing an additional 1,779 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Allient by 5.0% during the 4th quarter. Empowered Funds LLC now owns 42,586 shares of the company’s stock valued at $1,034,000 after purchasing an additional 2,040 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Allient by 12.0% during the fourth quarter. American Century Companies Inc. now owns 21,551 shares of the company’s stock valued at $523,000 after purchasing an additional 2,315 shares in the last quarter. 61.57% of the stock is owned by hedge funds and other institutional investors.

Allient Stock Performance

Shares of NASDAQ:ALNT opened at $23.36 on Thursday. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $393.50 million, a price-to-earnings ratio of 26.55 and a beta of 1.59. The firm has a 50 day moving average of $24.99 and a 200 day moving average of $23.07. Allient Inc. has a 52 week low of $16.91 and a 52 week high of $36.33.

Allient (NASDAQ:ALNT) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03. Allient had a return on equity of 10.80% and a net margin of 2.64%. The firm had revenue of $122.01 million during the quarter, compared to analysts’ expectations of $119.72 million. On average, sell-side analysts predict that Allient Inc. will post 1.43 earnings per share for the current fiscal year.

Allient Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Thursday, March 20th. Allient’s dividend payout ratio is currently 15.00%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Northland Capmk raised Allient from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 11th. Northland Securities upgraded shares of Allient from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $30.00 to $35.00 in a report on Tuesday, February 11th.

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.