Charles Schwab Investment Management Inc. Has $1.34 Million Stock Holdings in Allient Inc. (NASDAQ:ALNT)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Allient Inc. (NASDAQ:ALNT) by 2.1% during the third quarter, HoldingsChannel reports. The fund owned 70,400 shares of the company’s stock after selling 1,527 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Allient were worth $1,337,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC grew its stake in shares of Allient by 798.2% in the second quarter. CWM LLC now owns 1,006 shares of the company’s stock worth $25,000 after purchasing an additional 894 shares during the last quarter. Copeland Capital Management LLC acquired a new position in Allient during the 3rd quarter worth about $50,000. Pathway Financial Advisers LLC grew its position in shares of Allient by 1,798.7% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,924 shares of the company’s stock valued at $56,000 after buying an additional 2,770 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Allient by 143.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,856 shares of the company’s stock valued at $97,000 after buying an additional 2,271 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Allient in the second quarter valued at about $125,000. 61.57% of the stock is currently owned by institutional investors and hedge funds.

Allient Price Performance

Allient stock opened at $24.87 on Wednesday. The stock’s 50 day moving average is $22.30 and its 200 day moving average is $22.87. Allient Inc. has a one year low of $16.91 and a one year high of $36.33. The firm has a market cap of $418.94 million, a P/E ratio of 28.26 and a beta of 1.61. 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 (NASDAQ:ALNT) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.10. Allient had a net margin of 2.64% and a return on equity of 10.80%. The firm had revenue of $125.21 million for the quarter, compared to the consensus estimate of $124.28 million. During the same quarter in the previous year, the company earned $0.61 EPS. As a group, research analysts expect that Allient Inc. will post 1.43 EPS for the current year.

Allient Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, November 21st were given a dividend of $0.03 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.12 dividend on an annualized basis and a yield of 0.48%. Allient’s dividend payout ratio (DPR) is currently 13.64%.

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.