41,385 Shares in Allient Inc. $ALNT Bought by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC bought a new stake in shares of Allient Inc. (NASDAQ:ALNT) during the 4th quarter, Holdings Channel reports. The institutional investor bought 41,385 shares of the company’s stock, valued at approximately $2,224,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Advisory Services Network LLC acquired a new stake in Allient in the third quarter worth about $34,000. Larson Financial Group LLC increased its holdings in shares of Allient by 149.1% during 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 in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Allient in the 3rd quarter valued at approximately $41,000. Cullen Frost Bankers Inc. raised its position in shares of Allient by 22.0% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,160 shares of the company’s stock valued at $62,000 after purchasing an additional 209 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Allient by 162.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,190 shares of the company’s stock worth $80,000 after purchasing an additional 1,355 shares in the last quarter. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

Allient Stock Performance

ALNT opened at $63.37 on Friday. The company has a current ratio of 3.73, a quick ratio of 2.15 and a debt-to-equity ratio of 0.58. Allient Inc. has a 12-month low of $29.57 and a 12-month high of $80.39. The firm has a 50 day moving average of $66.35 and a two-hundred day moving average of $61.38. The firm has a market capitalization of $1.08 billion, a PE ratio of 44.31 and a beta of 1.65.

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

Allient Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.16 annualized dividend and a yield of 0.3%. This is an increase from Allient’s previous quarterly dividend of $0.03. Allient’s payout ratio is 11.19%.

Wall Street Analysts Forecast Growth

ALNT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of Allient from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, May 8th. Craig Hallum reiterated a “buy” rating and set a $75.00 price objective on shares of Allient in a research note on Monday, March 9th. Wall Street Zen lowered shares of Allient from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 9th. Roth Mkm restated a “buy” rating and issued a $70.00 target price on shares of Allient in a research note on Friday, May 8th. Finally, Weiss Ratings cut Allient from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.25.

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.