Jupiter Topco LLC Makes New Investment in Allient Inc. $ALNT

Jupiter Topco LLC acquired a new position in shares of Allient Inc. (NASDAQ:ALNT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,400 shares of the company’s stock, valued at approximately $761,000.

Other hedge funds also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in Allient in the second quarter valued at $25,000. Arax Advisory Partners raised its position in shares of Allient by 113.9% during the 4th quarter. Arax Advisory Partners now owns 494 shares of the company’s stock worth $27,000 after acquiring an additional 263 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Allient during the 3rd quarter worth $34,000. Larson Financial Group LLC lifted its position in 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 acquiring an additional 413 shares during the last quarter. Finally, Kilter Group LLC purchased a new stake in Allient in the second quarter valued at $37,000. Institutional investors and hedge funds own 61.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ALNT. Zacks Research upgraded shares of Allient from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Macquarie Infrastructure set a $80.00 price target on shares of Allient in a research report on Tuesday, May 26th. Jefferies Financial Group set a $80.00 price target on shares of Allient in a research note on Tuesday, May 26th. Weiss Ratings raised shares of Allient from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Finally, Wall Street Zen upgraded shares of Allient from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $84.00.

Allient Stock Performance

Shares of ALNT stock opened at $94.62 on Monday. The business’s fifty day moving average price is $94.41 and its 200 day moving average price is $79.96. The firm has a market capitalization of $1.61 billion, a PE ratio of 55.66 and a beta of 1.62. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.42 and a quick ratio of 1.95. Allient Inc. has a 1-year low of $41.75 and a 1-year high of $118.67.

Allient (NASDAQ:ALNT) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.19. Allient had a net margin of 4.98% and a return on equity of 13.55%. The firm had revenue of $153.77 million for the quarter, compared to the consensus estimate of $145.68 million. As a group, sell-side analysts forecast that Allient Inc. will post 2.73 EPS for the current fiscal year.

Allient Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Wednesday, August 19th. Allient’s dividend payout ratio is presently 9.41%.

Insider Activity

In related news, CEO Richard Warzala sold 70,000 shares of Allient stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $113.58, for a total transaction of $7,950,600.00. Following the completion of the transaction, the chief executive officer directly owned 1,499,106 shares in the company, valued at $170,268,459.48. The trade was a 4.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 15.00% of the stock is owned by company insiders.

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.