Citigroup Inc. lifted its stake in shares of Allied Motion Technologies, Inc. (NASDAQ:AMOT) by 27.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,650 shares of the technology company’s stock after purchasing an additional 779 shares during the quarter. Citigroup Inc.’s holdings in Allied Motion Technologies were worth $163,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the stock. WealthTrust Arizona LLC grew its holdings in Allied Motion Technologies by 60.0% during the 4th quarter. WealthTrust Arizona LLC now owns 800 shares of the technology company’s stock worth $36,000 after acquiring an additional 300 shares during the last quarter. Advisor Group Inc. raised its holdings in Allied Motion Technologies by 64.7% during the fourth quarter. Advisor Group Inc. now owns 1,400 shares of the technology company’s stock worth $63,000 after buying an additional 550 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Allied Motion Technologies during the fourth quarter worth $38,000. Vanguard Group Inc. raised its holdings in Allied Motion Technologies by 0.4% during the third quarter. Vanguard Group Inc. now owns 341,666 shares of the technology company’s stock worth $18,597,000 after buying an additional 1,482 shares during the last quarter. Finally, Vanguard Group Inc raised its holdings in shares of Allied Motion Technologies by 0.4% in the third quarter. Vanguard Group Inc now owns 341,666 shares of the technology company’s stock valued at $18,597,000 after purchasing an additional 1,482 shares during the last quarter. 49.97% of the stock is currently owned by institutional investors.
Several equities analysts recently weighed in on AMOT shares. Zacks Investment Research lowered shares of Allied Motion Technologies from a “hold” rating to a “sell” rating in a research report on Monday, April 8th. ValuEngine lowered shares of Allied Motion Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Finally, BidaskClub downgraded shares of Allied Motion Technologies from a “sell” rating to a “strong sell” rating in a report on Thursday, January 24th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $57.00.
Allied Motion Technologies (NASDAQ:AMOT) last issued its earnings results on Wednesday, March 13th. The technology company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.15). Allied Motion Technologies had a return on equity of 16.21% and a net margin of 5.13%. The firm had revenue of $73.96 million during the quarter. On average, analysts anticipate that Allied Motion Technologies, Inc. will post 2.25 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Thursday, March 28th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.34%. The ex-dividend date was Wednesday, March 27th. Allied Motion Technologies’s dividend payout ratio (DPR) is currently 7.06%.
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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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