Allient Inc. $ALNT Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its holdings in shares of Allient Inc. (NASDAQ:ALNT) by 87.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,424 shares of the company’s stock after acquiring an additional 25,935 shares during the period. Sei Investments Co. owned about 0.33% of Allient worth $3,275,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ALNT. Arax Advisory Partners grew its holdings in Allient by 113.9% during the 4th quarter. Arax Advisory Partners now owns 494 shares of the company’s stock valued at $27,000 after buying an additional 263 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Allient by 149.1% in the 4th quarter. Larson Financial Group LLC now owns 690 shares of the company’s stock valued at $37,000 after purchasing an additional 413 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Allient during the third quarter worth about $34,000. Cullen Frost Bankers Inc. raised its position in shares of Allient by 22.0% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,160 shares of the company’s stock valued at $62,000 after buying an additional 209 shares during the last quarter. Finally, State of Wyoming acquired a new stake in Allient during the fourth quarter worth approximately $67,000. 61.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ALNT. Wall Street Zen raised Allient from a “hold” rating to a “strong-buy” rating in a research report on Saturday. Roth Capital reissued a “buy” rating and set a $70.00 price objective on shares of Allient in a research note on Friday, May 8th. JPMorgan Chase & Co. lifted their target price on Allient from $95.00 to $120.00 and gave the company an “overweight” rating in a report on Friday. Weiss Ratings raised Allient from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Finally, Jefferies Financial Group set a $80.00 price target on shares of Allient in a research report on Tuesday, May 26th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Allient presently has a consensus rating of “Moderate Buy” and an average target price of $84.00.

Allient Stock Performance

Shares of ALNT stock opened at $112.81 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.15 and a current ratio of 3.42. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 66.36 and a beta of 1.61. Allient Inc. has a one year low of $40.49 and a one year high of $117.48. The company’s 50-day simple moving average is $91.18 and its 200-day simple moving average is $74.73.

Allient (NASDAQ:ALNT) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.19. Allient had a return on equity of 13.55% and a net margin of 4.98%.The business had revenue of $153.77 million for the quarter, compared to analyst estimates of $145.68 million. Equities analysts anticipate that Allient Inc. will post 2.47 earnings per share for the current fiscal year.

Allient Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.04 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.16 annualized dividend and a yield of 0.1%. Allient’s dividend payout ratio 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.