WINTON GROUP Ltd Invests $513,000 in Allient Inc. $ALNT

WINTON GROUP Ltd bought a new position in shares of Allient Inc. (NASDAQ:ALNT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,536 shares of the company’s stock, valued at approximately $513,000. WINTON GROUP Ltd owned approximately 0.06% of Allient as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Allient by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 1,011,253 shares of the company’s stock valued at $54,355,000 after purchasing an additional 26,438 shares during the period. Geode Capital Management LLC grew its holdings in shares of Allient by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 368,486 shares of the company’s stock valued at $19,808,000 after purchasing an additional 10,173 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Allient by 20.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 290,696 shares of the company’s stock valued at $13,009,000 after purchasing an additional 49,384 shares during the period. Portolan Capital Management LLC purchased a new stake in shares of Allient in the third quarter valued at about $11,530,000. Finally, Handelsbanken Fonder AB grew its holdings in shares of Allient by 95.6% in the fourth quarter. Handelsbanken Fonder AB now owns 257,323 shares of the company’s stock valued at $13,831,000 after purchasing an additional 125,753 shares during the period. Hedge funds and other institutional investors own 61.57% of the company’s stock.

Allient Trading Down 1.3%

NASDAQ ALNT opened at $85.76 on Thursday. The firm’s 50-day moving average is $71.13 and its two-hundred day moving average is $64.10. Allient Inc. has a 12 month low of $33.02 and a 12 month high of $91.11. 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 capitalization of $1.46 billion, a P/E ratio of 59.97 and a beta of 1.63.

Allient (NASDAQ:ALNT) last posted its earnings results on Wednesday, May 6th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). Allient had a net margin of 4.25% and a return on equity of 12.47%. The company had revenue of $138.92 million during the quarter, compared to analyst estimates of $138.42 million. On average, sell-side analysts anticipate that Allient Inc. will post 2.47 earnings per share for the current year.

Allient Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were given a $0.04 dividend. The ex-dividend date of this dividend was Thursday, May 21st. This is an increase from Allient’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a yield of 0.2%. Allient’s dividend payout ratio is currently 11.19%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Macquarie Infrastructure set a $80.00 price objective on shares of Allient in a report on Tuesday, May 26th. Lake Street Capital assumed coverage on shares of Allient in a report on Wednesday, February 18th. They issued a “buy” rating and a $79.00 price objective for the company. JPMorgan Chase & Co. raised shares of Allient from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $65.00 to $80.00 in a report on Tuesday, May 26th. Jefferies Financial Group set a $80.00 price objective on shares of Allient in a report on Tuesday, May 26th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $70.00 target price on shares of Allient in a research report on Friday, May 8th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.33.

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.