Copeland Capital Management LLC Buys Shares of 2,646 Allient Inc. (NASDAQ:ALNT)

Copeland Capital Management LLC bought a new stake in shares of Allient Inc. (NASDAQ:ALNT) during the third quarter, Holdings Channel reports. The fund bought 2,646 shares of the company’s stock, valued at approximately $50,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new position in shares of Allient in the 1st quarter worth approximately $1,110,000. Jacobs Levy Equity Management Inc. acquired a new stake in Allient in the 1st quarter worth approximately $1,332,000. Wasatch Advisors LP acquired a new stake in Allient in the 1st quarter worth approximately $20,914,000. Gabelli Funds LLC acquired a new stake in Allient in the 1st quarter worth approximately $2,461,000. Finally, Kennedy Capital Management LLC acquired a new stake in Allient in the 1st quarter worth approximately $2,352,000. Hedge funds and other institutional investors own 61.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ALNT. Craig Hallum lowered their target price on shares of Allient from $41.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Northland Securities decreased their target price on shares of Allient from $35.00 to $30.00 and set a “market perform” rating for the company in a research note on Friday, August 9th. Finally, Roth Mkm decreased their target price on shares of Allient from $39.00 to $28.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th.

Allient Price Performance

Shares of NASDAQ ALNT opened at $17.33 on Wednesday. The firm has a market cap of $290.73 million, a PE ratio of 11.48 and a beta of 1.50. The firm has a fifty day moving average of $19.64 and a 200 day moving average of $24.62. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.00 and a current ratio of 3.90. Allient Inc. has a one year low of $17.29 and a one year high of $36.33.

Allient (NASDAQ:ALNT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.11). The company had revenue of $136.03 million during the quarter, compared to analysts’ expectations of $137.55 million. Allient had a return on equity of 13.04% and a net margin of 3.35%. During the same period in the previous year, the firm posted $0.58 EPS. As a group, research analysts predict that Allient Inc. will post 1.29 EPS for the current fiscal year.

Allient Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd were given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Thursday, August 22nd. Allient’s dividend payout ratio (DPR) is 7.95%.

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.