Hancock Whitney Corp increased its holdings in Allied Motion Technologies, Inc. (NASDAQ:AMOT) by 7.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,270 shares of the technology company’s stock after purchasing an additional 2,792 shares during the period. Hancock Whitney Corp’s holdings in Allied Motion Technologies were worth $1,453,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Walthausen & Co. LLC raised its position in shares of Allied Motion Technologies by 16.3% during the first quarter. Walthausen & Co. LLC now owns 260,417 shares of the technology company’s stock valued at $8,953,000 after buying an additional 36,540 shares during the last quarter. Timpani Capital Management LLC bought a new stake in shares of Allied Motion Technologies during the fourth quarter valued at approximately $1,580,000. Mackay Shields LLC bought a new position in Allied Motion Technologies in the fourth quarter valued at approximately $1,517,000. Confluence Investment Management LLC boosted its stake in Allied Motion Technologies by 18.8% in the first quarter. Confluence Investment Management LLC now owns 137,325 shares of the technology company’s stock valued at $4,722,000 after acquiring an additional 21,729 shares during the last quarter. Finally, AJO LP boosted its stake in Allied Motion Technologies by 35.0% in the first quarter. AJO LP now owns 78,873 shares of the technology company’s stock valued at $2,712,000 after acquiring an additional 20,441 shares during the last quarter. Hedge funds and other institutional investors own 50.46% of the company’s stock.
Shares of NASDAQ:AMOT opened at $34.41 on Friday. The company has a market capitalization of $329.71 million, a PE ratio of 20.24, a PEG ratio of 1.67 and a beta of 1.61. Allied Motion Technologies, Inc. has a 12 month low of $31.72 and a 12 month high of $55.47. The company has a quick ratio of 1.50, a current ratio of 2.67 and a debt-to-equity ratio of 1.21.
Allied Motion Technologies (NASDAQ:AMOT) last issued its earnings results on Wednesday, May 1st. The technology company reported $0.48 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. The business had revenue of $93.90 million for the quarter. Allied Motion Technologies had a net margin of 4.94% and a return on equity of 16.01%. As a group, research analysts expect that Allied Motion Technologies, Inc. will post 2.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Thursday, May 16th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.35%. Allied Motion Technologies’s dividend payout ratio (DPR) is presently 7.06%.
A number of equities analysts have recently weighed in on AMOT shares. BidaskClub raised shares of Allied Motion Technologies from a “strong sell” rating to a “sell” rating in a research report on Tuesday. ValuEngine lowered shares of Allied Motion Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, Zacks Investment Research raised shares of Allied Motion Technologies from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research report on Thursday, February 21st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.00.
In other news, Director Michael R. Winter acquired 1,400 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was bought at an average cost of $35.35 per share, for a total transaction of $49,490.00. Following the completion of the transaction, the director now owns 16,118 shares of the company’s stock, valued at $569,771.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.10% of the stock is owned by company insiders.
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Allied Motion Technologies Profile
Allied Motion Technologies, Inc designs, manufactures, and sells precision and specialty motion control components and systems that are used in a range of industries worldwide. It provides automotive brushless (BL) DC motors, power steering solutions, and special purpose motors; fractional horsepower permanent magnet DC and BLDC motors serving a range of original equipment applications; and high performance BLDC motors, including servo motors, frameless motors, torque motors, slot less motors, high resolution encoders, and motor/encoder assemblies.
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