Tudor Investment Corp ET AL Makes New Investment in Allient Inc. $ALNT

Tudor Investment Corp ET AL bought a new stake in Allient Inc. (NASDAQ:ALNT) during the 3rd quarter, Holdings Channel reports. The firm bought 71,421 shares of the company’s stock, valued at approximately $3,196,000.

A number of other large investors also recently made changes to their positions in ALNT. Advisory Services Network LLC acquired a new stake in Allient during the 3rd quarter worth approximately $34,000. State of Alaska Department of Revenue acquired a new position in Allient in the 3rd quarter valued at $41,000. New York State Teachers Retirement System bought a new position in Allient during the 3rd quarter worth $58,000. Tower Research Capital LLC TRC lifted its holdings in shares of Allient by 162.3% during the second 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 in the last quarter. Finally, AlphaQuest LLC bought a new stake in shares of Allient in the third quarter valued at about $88,000. Institutional investors own 61.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ALNT shares. Roth Mkm raised their price target on shares of Allient from $56.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Allient in a report on Wednesday, January 21st. Lake Street Capital initiated coverage on shares of Allient in a research report on Wednesday, February 18th. They issued a “buy” rating and a $79.00 price target for the company. Zacks Research downgraded Allient from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, Craig Hallum restated a “buy” rating and set a $75.00 price objective on shares of Allient in a research note on Monday, March 9th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $63.60.

Allient Trading Down 6.8%

Shares of Allient stock opened at $61.51 on Friday. The company has a quick ratio of 2.08, a current ratio of 3.66 and a debt-to-equity ratio of 0.60. Allient Inc. has a 12-month low of $19.25 and a 12-month high of $70.00. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 46.60 and a beta of 1.51. The firm’s 50-day moving average price is $63.99 and its two-hundred day moving average price is $56.06.

Allient (NASDAQ:ALNT) last issued its earnings results on Thursday, March 5th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.46 by $0.09. Allient had a net margin of 3.97% and a return on equity of 12.53%. The company had revenue of $143.35 million during the quarter, compared to analysts’ expectations of $133.33 million. On average, analysts forecast that Allient Inc. will post 1.43 earnings per share for the current fiscal year.

Allient Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Shareholders of record on Friday, March 20th will be given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, March 20th. Allient’s payout ratio is currently 9.09%.

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.