Charles Schwab Investment Management Inc. Raises Stock Holdings in Allient Inc. (NASDAQ:ALNT)

Charles Schwab Investment Management Inc. increased its stake in shares of Allient Inc. (NASDAQ:ALNT) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,179 shares of the company’s stock after purchasing an additional 1,779 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Allient were worth $1,753,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in Allient by 843.2% in the 3rd quarter. FMR LLC now owns 1,153,537 shares of the company’s stock valued at $21,906,000 after acquiring an additional 1,031,243 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Allient by 23,963.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 406,193 shares of the company’s stock valued at $9,948,000 after purchasing an additional 404,505 shares during the last quarter. Geode Capital Management LLC lifted its position in Allient by 1.8% during the third quarter. Geode Capital Management LLC now owns 344,166 shares of the company’s stock worth $6,537,000 after buying an additional 5,975 shares during the period. State Street Corp boosted its stake in Allient by 0.8% in the 3rd quarter. State Street Corp now owns 306,239 shares of the company’s stock worth $5,815,000 after buying an additional 2,453 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Allient by 18.2% in the 4th quarter. Bank of New York Mellon Corp now owns 115,095 shares of the company’s stock valued at $2,794,000 after buying an additional 17,739 shares during the period. Institutional investors and hedge funds own 61.57% of the company’s stock.

Allient Stock Performance

Shares of NASDAQ:ALNT opened at $22.49 on Friday. The business has a 50-day moving average of $24.88 and a two-hundred day moving average of $23.12. The firm has a market capitalization of $378.84 million, a PE ratio of 25.56 and a beta of 1.59. The company has a debt-to-equity ratio of 0.85, a current ratio of 4.10 and a quick ratio of 2.18. Allient Inc. has a 12 month low of $16.91 and a 12 month high of $35.85.

Allient (NASDAQ:ALNT) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.28 by $0.03. The firm had revenue of $122.01 million for the quarter, compared to analyst estimates of $119.72 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. As a group, research analysts forecast that Allient Inc. will post 1.43 earnings per share for the current year.

Allient Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, March 20th. Allient’s dividend payout ratio is presently 15.00%.

Wall Street Analysts Forecast Growth

ALNT has been the topic of several recent analyst reports. Northland Capmk upgraded shares of Allient from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 11th. Northland Securities raised shares of Allient from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $30.00 to $35.00 in a research note on Tuesday, February 11th.

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.