Allient Inc. (NASDAQ:ALNT) Stock Position Reduced by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its stake in shares of Allient Inc. (NASDAQ:ALNT) by 23.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 60,628 shares of the company’s stock after selling 18,156 shares during the period. BNP Paribas Financial Markets’ holdings in Allient were worth $1,472,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Gabelli Funds LLC grew its position in Allient by 1.3% during the fourth quarter. Gabelli Funds LLC now owns 77,569 shares of the company’s stock valued at $1,883,000 after purchasing an additional 1,000 shares in the last quarter. Aquatic Capital Management LLC grew its position in Allient by 17.1% during the fourth quarter. Aquatic Capital Management LLC now owns 7,847 shares of the company’s stock valued at $191,000 after purchasing an additional 1,147 shares in the last quarter. New York State Teachers Retirement System purchased a new position in Allient during the fourth quarter valued at approximately $32,000. Hurley Capital LLC purchased a new position in Allient during the fourth quarter valued at approximately $38,000. Finally, Geode Capital Management LLC grew its position in Allient by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 345,726 shares of the company’s stock valued at $8,396,000 after purchasing an additional 1,560 shares in the last quarter. 61.57% of the stock is owned by hedge funds and other institutional investors.

Allient Stock Performance

ALNT stock opened at $32.20 on Monday. The company has a quick ratio of 2.18, a current ratio of 4.10 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $545.11 million, a price-to-earnings ratio of 36.59 and a beta of 1.39. Allient Inc. has a 12 month low of $16.91 and a 12 month high of $32.95. The firm has a 50 day moving average of $23.15 and a two-hundred day moving average of $24.24.

Allient (NASDAQ:ALNT) last posted its earnings results on Wednesday, May 7th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.33 by $0.13. The company had revenue of $134.62 million during the quarter, compared to the consensus estimate of $125.00 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. As a group, equities analysts anticipate that Allient Inc. will post 1.43 EPS for the current fiscal year.

Allient Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 22nd will be issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Thursday, May 22nd. Allient’s dividend payout ratio is currently 20.34%.

Analyst Ratings Changes

A number of brokerages recently commented on ALNT. Northland Securities set a $35.00 price objective on shares of Allient in a research report on Monday, May 5th. Northland Capmk downgraded shares of Allient from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 5th.

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.