ValuEngine cut shares of Allied Motion Technologies (NASDAQ:AMOT) from a buy rating to a hold rating in a research note published on Wednesday morning.

AMOT has been the topic of a number of other reports. Craig Hallum set a $62.00 price objective on Allied Motion Technologies and gave the company a buy rating in a research report on Friday, November 2nd. BidaskClub upgraded Allied Motion Technologies from a strong sell rating to a sell rating in a research report on Tuesday, September 18th. Zacks Investment Research downgraded Allied Motion Technologies from a hold rating to a sell rating in a report on Friday, August 10th. Finally, Dougherty & Co upgraded Allied Motion Technologies from a neutral rating to a buy rating in a report on Monday, October 29th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Allied Motion Technologies has a consensus rating of Buy and a consensus price target of $59.50.

Shares of AMOT stock opened at $44.61 on Wednesday. Allied Motion Technologies has a 1 year low of $28.08 and a 1 year high of $55.47. The company has a current ratio of 2.44, a quick ratio of 1.39 and a debt-to-equity ratio of 0.62. The company has a market cap of $422.74 million, a price-to-earnings ratio of 36.57, a P/E/G ratio of 2.40 and a beta of 2.12.

Allied Motion Technologies (NASDAQ:AMOT) last issued its quarterly earnings data on Wednesday, October 31st. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.16. Allied Motion Technologies had a return on equity of 17.59% and a net margin of 4.43%. The business had revenue of $80.09 million for the quarter. On average, equities research analysts anticipate that Allied Motion Technologies will post 1.86 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 28th. Stockholders of record on Thursday, November 15th were issued a $0.03 dividend. The ex-dividend date was Wednesday, November 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.27%. Allied Motion Technologies’s payout ratio is 9.84%.

Several hedge funds and other institutional investors have recently modified their holdings of AMOT. Walthausen & Co. LLC purchased a new stake in shares of Allied Motion Technologies in the third quarter worth approximately $13,472,000. BlackRock Inc. grew its stake in Allied Motion Technologies by 20.8% in the second quarter. BlackRock Inc. now owns 537,827 shares of the technology company’s stock worth $25,751,000 after purchasing an additional 92,426 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Allied Motion Technologies in the third quarter worth approximately $4,231,000. Renaissance Technologies LLC grew its stake in Allied Motion Technologies by 27.9% in the second quarter. Renaissance Technologies LLC now owns 316,000 shares of the technology company’s stock worth $15,130,000 after purchasing an additional 68,899 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in Allied Motion Technologies by 150.1% in the third quarter. AQR Capital Management LLC now owns 48,998 shares of the technology company’s stock worth $2,667,000 after purchasing an additional 29,403 shares in the last quarter. Hedge funds and other institutional investors own 48.73% of the company’s stock.

Allied Motion Technologies Company 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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