Deutsche Bank AG Takes $6.81 Million Position in Allient Inc. $ALNT

Deutsche Bank AG purchased a new position in shares of Allient Inc. (NASDAQ:ALNT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 66,194 shares of the company’s stock, valued at approximately $6,813,000.

A number of other large investors have also modified their holdings of ALNT. Arax Advisory Partners boosted its stake in Allient by 113.9% during the 4th quarter. Arax Advisory Partners now owns 494 shares of the company’s stock valued at $27,000 after purchasing an additional 263 shares during the period. Advisory Services Network LLC acquired a new position in shares of Allient during the third quarter worth approximately $34,000. Larson Financial Group LLC grew its holdings in Allient by 149.1% in 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 in the last quarter. Cullen Frost Bankers Inc. grew its holdings in Allient by 22.0% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,160 shares of the company’s stock worth $62,000 after buying an additional 209 shares in the last quarter. Finally, State of Wyoming acquired a new stake in Allient in the 4th quarter valued at approximately $67,000. Institutional investors and hedge funds own 61.57% of the company’s stock.

Allient Trading Down 2.9%

NASDAQ ALNT opened at $93.08 on Tuesday. The firm’s 50 day moving average price is $95.31 and its two-hundred day moving average price is $78.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.95 and a current ratio of 3.42. Allient Inc. has a twelve month low of $41.75 and a twelve month high of $118.67. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 54.75 and a beta of 1.61.

Allient (NASDAQ:ALNT) last released its earnings results on Wednesday, August 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.19. The company had revenue of $153.77 million during the quarter, compared to analyst estimates of $145.68 million. Allient had a return on equity of 13.55% and a net margin of 4.98%. Equities analysts anticipate that Allient Inc. will post 2.72 EPS for the current year.

Allient Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid 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, August 19th. Allient’s dividend payout ratio is currently 9.41%.

Analyst Ratings Changes

Several research analysts have recently issued reports on ALNT shares. Roth Capital reissued a “buy” rating and issued a $70.00 price target on shares of Allient in a research note on Friday, May 8th. Jefferies Financial Group set a $80.00 price objective on shares of Allient in a research note on Tuesday, May 26th. Zacks Research raised shares of Allient from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. 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 report on Friday, August 7th. Finally, Weiss Ratings raised Allient from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $84.00.

Insider Transactions at Allient

In other Allient news, CEO Richard S. Warzala sold 70,000 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $113.58, for a total transaction of $7,950,600.00. Following the completion of the sale, the chief executive officer directly owned 1,499,106 shares in the company, valued at approximately $170,268,459.48. This trade represents a 4.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 15.00% of the company’s stock.

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.