Allient Inc. (NASDAQ:ALNT) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its stake in shares of Allient Inc. (NASDAQ:ALNT) by 22.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 142,472 shares of the company’s stock after selling 40,450 shares during the quarter. Renaissance Technologies LLC’s holdings in Allient were worth $3,459,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. New York State Teachers Retirement System acquired a new position in Allient during the 4th quarter valued at approximately $32,000. Hurley Capital LLC acquired a new position in shares of Allient in the 4th quarter valued at $38,000. Globeflex Capital L P purchased a new position in Allient in the 4th quarter worth $118,000. Alliancebernstein L.P. acquired a new stake in Allient during the 4th quarter worth about $211,000. Finally, one8zero8 LLC purchased a new stake in Allient during the 4th quarter valued at about $214,000. 61.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Allient Stock Performance

NASDAQ ALNT opened at $20.90 on Wednesday. The firm has a market capitalization of $354.21 million, a P/E ratio of 23.75 and a beta of 1.43. The stock has a 50-day simple moving average of $23.17 and a two-hundred day simple moving average of $23.32. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. Allient Inc. has a fifty-two week low of $16.91 and a fifty-two week high of $32.00.

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

Allient Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Thursday, March 20th. Allient’s dividend payout ratio (DPR) is presently 15.00%.

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.