Jacobs Levy Equity Management Inc. Has $831,000 Stock Position in Allient Inc. (NASDAQ:ALNT)

Jacobs Levy Equity Management Inc. cut its position in Allient Inc. (NASDAQ:ALNT) by 10.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 43,748 shares of the company’s stock after selling 5,336 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Allient were worth $831,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ALNT. Martingale Asset Management L P raised its stake in shares of Allient by 116.1% in the third quarter. Martingale Asset Management L P now owns 23,847 shares of the company’s stock valued at $453,000 after acquiring an additional 12,813 shares during the last quarter. FMR LLC raised its position in Allient by 843.2% in the 3rd quarter. FMR LLC now owns 1,153,537 shares of the company’s stock valued at $21,906,000 after purchasing an additional 1,031,243 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Allient in the 3rd quarter valued at $386,000. Fisher Asset Management LLC boosted its stake in Allient by 10.8% in the third quarter. Fisher Asset Management LLC now owns 44,248 shares of the company’s stock worth $840,000 after purchasing an additional 4,311 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Allient during the third quarter worth $770,000. 61.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Roth Mkm reduced their price target on shares of Allient from $39.00 to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th.

Allient Stock Performance

ALNT stock opened at $27.55 on Tuesday. The stock has a market capitalization of $463.94 million, a PE ratio of 31.31 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. The company has a 50 day moving average price of $21.32 and a 200 day moving average price of $22.89. Allient Inc. has a fifty-two week low of $16.91 and a fifty-two week high of $36.33.

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, beating the consensus estimate of $0.21 by $0.10. The business had revenue of $125.21 million for the quarter, compared to analyst estimates of $124.28 million. Allient had a return on equity of 10.80% and a net margin of 2.64%. During the same quarter in the prior year, the firm posted $0.61 earnings per share. Analysts forecast that Allient Inc. will post 1.43 EPS for the current year.

Allient Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, November 21st were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.44%. The ex-dividend date of this dividend was Thursday, November 21st. Allient’s dividend payout ratio is 13.64%.

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.