Susquehanna Fundamental Investments LLC Makes New Investment in Allient Inc. $ALNT

Susquehanna Fundamental Investments LLC acquired a new stake in Allient Inc. (NASDAQ:ALNT) during the second quarter, according to its most recent filing with the SEC. The firm acquired 30,909 shares of the company’s stock, valued at approximately $3,181,000. Susquehanna Fundamental Investments LLC owned about 0.18% of Allient as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. bought a new position in Allient in the second quarter valued at about $25,000. Arax Advisory Partners increased its position in Allient by 113.9% in the fourth quarter. Arax Advisory Partners now owns 494 shares of the company’s stock worth $27,000 after purchasing an additional 263 shares during the period. Advisory Services Network LLC bought a new stake in Allient during the 3rd quarter worth about $34,000. Larson Financial Group LLC raised its holdings in Allient by 149.1% during the 4th quarter. Larson Financial Group LLC now owns 690 shares of the company’s stock worth $37,000 after purchasing an additional 413 shares during the last quarter. Finally, Kilter Group LLC acquired a new position in Allient during the 2nd quarter valued at about $37,000. 61.57% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ALNT has been the subject of a number of analyst reports. Roth Capital reaffirmed a “buy” rating and set a $70.00 target price on shares of Allient in a report on Friday, May 8th. Jefferies Financial Group set a $80.00 price target on Allient in a research report on Tuesday, May 26th. Macquarie Infrastructure set a $80.00 price objective on Allient in a research note on Tuesday, May 26th. Weiss Ratings upgraded Allient from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Finally, Zacks Research raised Allient from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat, Allient presently has a consensus rating of “Buy” and a consensus target price of $84.00.

Allient Trading Up 1.2%

Shares of NASDAQ:ALNT opened at $94.01 on Tuesday. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 55.30 and a beta of 1.61. Allient Inc. has a 12 month low of $41.75 and a 12 month high of $118.67. The company’s fifty day simple moving average is $95.09 and its 200 day simple moving average is $79.29. The company has a quick ratio of 1.95, a current ratio of 3.42 and a debt-to-equity ratio of 0.56.

Allient (NASDAQ:ALNT) last released its 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. The firm had revenue of $153.77 million for the quarter, compared to analysts’ expectations of $145.68 million. Allient had a return on equity of 13.55% and a net margin of 4.98%. As a group, research analysts forecast that Allient Inc. will post 2.73 EPS for the current fiscal year.

Allient Announces Dividend

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

Insiders Place Their Bets

In other Allient news, CEO Richard S. Warzala sold 70,000 shares of Allient stock in a transaction on Monday, August 10th. The shares were sold at an average price of $113.58, for a total value of $7,950,600.00. Following the sale, the chief executive officer directly owned 1,499,106 shares in the company, valued at approximately $170,268,459.48. The trade was a 4.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 15.00% of the company’s stock.

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.