Allient Inc. (NASDAQ:ALNT) Receives Average Recommendation of “Moderate Buy” from Analysts

Allient Inc. (NASDAQ:ALNT) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $79.8333.

Several research firms have recently weighed in on ALNT. Weiss Ratings upgraded Allient from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 1st. Macquarie Infrastructure set a $80.00 price target on shares of Allient in a report on Tuesday, May 26th. JPMorgan Chase & Co. upped their price target on shares of Allient from $80.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Roth Capital reaffirmed a “buy” rating and issued a $70.00 price target on shares of Allient in a research note on Friday, May 8th. Finally, Wall Street Zen lowered shares of Allient from a “buy” rating to a “hold” rating in a report on Saturday, July 4th.

Institutional Trading of Allient

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jennison Associates LLC grew its position in shares of Allient by 111.5% during the 1st quarter. Jennison Associates LLC now owns 353,430 shares of the company’s stock worth $20,884,000 after buying an additional 186,316 shares in the last quarter. Telemark Asset Management LLC bought a new stake in shares of Allient in the fourth quarter valued at about $8,062,000. Marshall Wace LLP raised its holdings in shares of Allient by 1,291.3% in the third quarter. Marshall Wace LLP now owns 153,819 shares of the company’s stock valued at $6,883,000 after acquiring an additional 142,763 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Allient by 95.6% in the fourth quarter. Handelsbanken Fonder AB now owns 257,323 shares of the company’s stock valued at $13,831,000 after acquiring an additional 125,753 shares in the last quarter. Finally, State Street Corp lifted its stake in Allient by 32.5% in the fourth quarter. State Street Corp now owns 392,261 shares of the company’s stock worth $21,084,000 after acquiring an additional 96,264 shares during the period. Institutional investors own 61.57% of the company’s stock.

Allient Trading Up 0.6%

Shares of NASDAQ ALNT opened at $87.67 on Friday. Allient has a fifty-two week low of $36.85 and a fifty-two week high of $104.65. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.15 and a current ratio of 3.73. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 61.31 and a beta of 1.59. The business’s 50 day moving average price is $83.70 and its 200-day moving average price is $71.25.

Allient (NASDAQ:ALNT) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). The business had revenue of $138.91 million for the quarter, compared to analysts’ expectations of $138.42 million. Allient had a net margin of 4.25% and a return on equity of 12.47%. On average, sell-side analysts expect that Allient will post 2.47 earnings per share for the current year.

Allient Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were paid a $0.04 dividend. The ex-dividend date was Thursday, May 21st. This represents a $0.16 dividend on an annualized basis and a yield of 0.2%. This is an increase from Allient’s previous quarterly dividend of $0.03. Allient’s payout ratio is currently 11.19%.

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.