United Capital Financial Advisors LLC Acquires New Shares in Allient Inc. $ALNT

United Capital Financial Advisors LLC acquired a new position in shares of Allient Inc. (NASDAQ:ALNT) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 7,296 shares of the company’s stock, valued at approximately $751,000.

Other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in Allient in the second quarter valued at $25,000. Kilter Group LLC acquired a new position in shares of Allient during the 2nd quarter worth $37,000. Arax Advisory Partners raised its stake in shares of Allient by 113.9% during the 4th quarter. Arax Advisory Partners now owns 494 shares of the company’s stock worth $27,000 after buying an additional 263 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Allient by 149.1% during the 4th quarter. Larson Financial Group LLC now owns 690 shares of the company’s stock worth $37,000 after buying an additional 413 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Allient in the 3rd quarter worth about $34,000. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Allient from $95.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Zacks Research upgraded shares of Allient from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Weiss Ratings raised shares of Allient from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. Macquarie Infrastructure set a $80.00 price target on shares of Allient in a research report on Tuesday, May 26th. Finally, Wall Street Zen raised shares of Allient from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $84.00.

Allient Price Performance

Shares of NASDAQ:ALNT opened at $92.86 on Monday. The company has a quick ratio of 1.95, a current ratio of 3.42 and a debt-to-equity ratio of 0.56. Allient Inc. has a 52-week low of $41.75 and a 52-week high of $118.67. The stock’s fifty day simple moving average is $95.18 and its 200-day simple moving average is $79.09. The company has a market capitalization of $1.58 billion, a P/E ratio of 54.62 and a beta of 1.61.

Allient (NASDAQ:ALNT) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.19. The firm had revenue of $153.77 million during the quarter, compared to analysts’ expectations of $145.68 million. Allient had a return on equity of 13.55% and a net margin of 4.98%. As a group, equities research analysts forecast that Allient Inc. will post 2.73 earnings per share for the current fiscal year.

Allient Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, August 19th. Allient’s payout ratio is currently 9.41%.

Insider Activity

In related news, CEO Richard S. Warzala sold 70,000 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $113.58, for a total transaction of $7,950,600.00. Following the sale, the chief executive officer owned 1,499,106 shares in the company, valued at approximately $170,268,459.48. This trade represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 15.00% of the company’s stock.

About Allient

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.