Allient Inc. $ALNT Stock Bought by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lifted its stake in shares of Allient Inc. (NASDAQ:ALNT) by 16.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,059 shares of the company’s stock after acquiring an additional 8,534 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Allient were worth $6,591,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new position in shares of Allient during the 2nd quarter valued at about $25,000. Kilter Group LLC bought a new position in shares of Allient in the 2nd quarter valued at approximately $37,000. GAMMA Investing LLC lifted its holdings in Allient by 29.3% in the 3rd quarter. GAMMA Investing LLC now owns 485 shares of the company’s stock worth $54,000 after purchasing an additional 110 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Allient by 853.8% in the 3rd quarter. Sterling Capital Management LLC now owns 496 shares of the company’s stock worth $55,000 after purchasing an additional 444 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Allient by 5,102.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,289 shares of the company’s stock worth $135,000 after purchasing an additional 2,245 shares during the last quarter. Institutional investors own 61.57% of the company’s stock.

Analyst Ratings Changes

ALNT has been the topic of several analyst reports. Wall Street Zen upgraded Allient from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings lowered shares of Allient from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, October 26th. Zacks Research cut shares of Allient from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Finally, JPMorgan Chase & Co. cut shares of Allient from an “overweight” rating to a “neutral” rating and set a $120.00 price objective for the company. in a research note on Tuesday, October 13th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $84.00.

Allient Price Performance

NASDAQ ALNT opened at $81.32 on Monday. Allient Inc. has a twelve month low of $48.12 and a twelve month high of $121.42. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.99 and a current ratio of 3.49. The stock has a market capitalization of $1.38 billion, a PE ratio of 36.63 and a beta of 1.62. The stock has a 50-day simple moving average of $98.64 and a 200 day simple moving average of $82.89.

Allient (NASDAQ:ALNT) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.33. The firm had revenue of $164.40 million during the quarter, compared to the consensus estimate of $155.25 million. Allient had a net margin of 6.24% and a return on equity of 15.80%. Research analysts anticipate that Allient Inc. will post 2.72 EPS for the current year.

Allient Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 18th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, November 18th. Allient’s payout ratio is 7.21%.

Allient Company Profile

Allient Inc (NASDAQ: ALNT) designs and manufactures precision and engineered products that control motion, power, and electromagnetic energy. Its portfolio includes motors, motion-control systems, electronic controls, power electronics, magnetic components, and related assemblies used in demanding industrial applications.

The company serves customers in markets such as medical equipment, aerospace and defense, industrial automation, robotics, transportation, and other specialized equipment industries.