Nkcfo LLC Sells 9,000 Shares of Allient Inc. $ALNT

Nkcfo LLC trimmed its holdings in shares of Allient Inc. (NASDAQ:ALNT) by 28.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,000 shares of the company’s stock after selling 9,000 shares during the period. Nkcfo LLC owned 0.14% of Allient worth $1,029,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Cullen Frost Bankers Inc. increased its stake 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. State of Alaska Department of Revenue bought a new stake in shares of Allient in the 3rd quarter valued at $41,000. New York State Teachers Retirement System bought a new stake in shares of Allient in the 3rd quarter valued at $58,000. Tower Research Capital LLC TRC raised its stake in Allient by 162.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,190 shares of the company’s stock worth $80,000 after buying an additional 1,355 shares during the period. Finally, AlphaQuest LLC bought a new position in Allient during the third quarter worth about $88,000. Institutional investors own 61.57% of the company’s stock.

Allient Stock Performance

Shares of Allient stock opened at $65.65 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.53 and a quick ratio of 2.01. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 58.62 and a beta of 1.53. The stock’s 50-day moving average is $60.64 and its 200-day moving average is $53.19. Allient Inc. has a one year low of $19.25 and a one year high of $70.00.

Analysts Set New Price Targets

A number of research firms have issued reports on ALNT. Zacks Research cut Allient from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Lake Street Capital assumed coverage on Allient in a report on Wednesday, February 18th. They set a “buy” rating and a $79.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Allient in a research report on Wednesday, January 21st. Finally, Roth Mkm raised their target price on shares of Allient from $49.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, November 14th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $57.50.

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.