Allient Inc. $ALNT Shares Sold by Lazard Asset Management LLC

Lazard Asset Management LLC decreased its holdings in shares of Allient Inc. (NASDAQ:ALNT) by 69.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,352 shares of the company’s stock after selling 20,960 shares during the period. Lazard Asset Management LLC’s holdings in Allient were worth $553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. increased its holdings in Allient by 22.0% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,160 shares of the company’s stock worth $62,000 after acquiring an additional 209 shares in the last quarter. Jag Capital Management LLC lifted its holdings in Allient by 5.1% during the first quarter. Jag Capital Management LLC now owns 5,107 shares of the company’s stock valued at $302,000 after purchasing an additional 246 shares in the last quarter. Arax Advisory Partners lifted its holdings in Allient by 113.9% during the fourth quarter. Arax Advisory Partners now owns 494 shares of the company’s stock valued at $27,000 after purchasing an additional 263 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Allient by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,736 shares of the company’s stock valued at $192,000 after purchasing an additional 390 shares during the period. Finally, Larson Financial Group LLC grew its position in shares of Allient by 149.1% in the fourth quarter. Larson Financial Group LLC now owns 690 shares of the company’s stock valued at $37,000 after purchasing an additional 413 shares during the period. Institutional investors and hedge funds own 61.57% of the company’s stock.

Wall Street Analysts Forecast Growth

ALNT has been the subject of several research analyst reports. Jefferies Financial Group set a $80.00 price target on shares of Allient in a research report on Tuesday, May 26th. Weiss Ratings upgraded Allient from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday. Wall Street Zen lowered Allient from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Macquarie Infrastructure set a $80.00 target price on Allient in a report on Tuesday, May 26th. Finally, Roth Capital restated a “buy” rating and issued a $70.00 target price on shares of Allient in a research report on Friday, May 8th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $79.83.

Allient Stock Performance

Allient stock opened at $111.21 on Friday. The firm has a 50 day simple moving average of $90.50 and a 200-day simple moving average of $74.46. Allient Inc. has a 1-year low of $39.37 and a 1-year high of $113.48. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.73 and a quick ratio of 2.15. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 65.42 and a beta of 1.61.

Allient (NASDAQ:ALNT) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.61 by $0.19. Allient had a net margin of 4.98% and a return on equity of 13.69%. The firm had revenue of $153.77 million for the quarter, compared to analyst estimates of $145.68 million. On average, analysts expect that Allient Inc. will post 2.47 EPS for the current year.

Allient Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.04 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.1%. Allient’s dividend payout ratio is currently 9.41%.

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.