Allient (NASDAQ:ALNT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Allient (NASDAQ:ALNT) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Other research analysts have also issued research reports about the stock. Zacks Research lowered shares of Allient from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. JPMorgan Chase & Co. lowered shares of Allient from an “overweight” rating to a “neutral” rating and set a $120.00 price objective for the company. in a research note on Tuesday, October 13th. Finally, Weiss Ratings lowered shares of Allient from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, October 26th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Allient currently has an average rating of “Moderate Buy” and an average target price of $82.33.

Allient Stock Performance

Shares of ALNT stock opened at $86.84 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.42 and a quick ratio of 1.95. Allient has a fifty-two week low of $48.12 and a fifty-two week high of $121.42. The stock’s 50-day moving average is $98.52 and its two-hundred day moving average is $83.01. The firm has a market cap of $1.48 billion, a P/E ratio of 27.25 and a beta of 1.62.

Allient (NASDAQ:ALNT) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.74 by $0.33. The business had revenue of $164.40 million during the quarter, compared to analysts’ expectations of $155.25 million. Allient had a return on equity of 16.06% and a net margin of 6.24%. Analysts predict that Allient will post 2.72 earnings per share for the current fiscal year.

Allient Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 18th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Wednesday, November 18th. Allient’s dividend payout ratio is currently 7.21%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. White Pine Capital LLC acquired a new position in Allient during the 3rd quarter worth $1,414,000. Aberdeen Group plc bought a new stake in Allient during the third quarter valued at about $2,991,000. Russell Investments Group Ltd. boosted its holdings in Allient by 26.2% during the third quarter. Russell Investments Group Ltd. now owns 49,237 shares of the company’s stock valued at $5,495,000 after acquiring an additional 10,216 shares during the period. Lisanti Capital Growth LLC grew its position in shares of Allient by 78.6% in the third quarter. Lisanti Capital Growth LLC now owns 55,170 shares of the company’s stock valued at $6,157,000 after purchasing an additional 24,280 shares during the last quarter. Finally, Ethic Inc. acquired a new stake in shares of Allient in the third quarter valued at about $363,000. 61.57% of the stock is currently owned by institutional investors and hedge funds.

Allient Company Profile

Allient Inc designs and manufactures precision and specialty motion-control and power solutions. Its products include motors, gear motors, motion controllers, drives, encoders, actuators and integrated systems that help equipment move and operate with precision.

The company serves a range of markets, including medical, aerospace and defense, industrial automation, robotics, transportation and energy. Allient operates internationally, with customers and operations across North America, Europe and Asia.

Allient was formerly known as Allied Motion Technologies and adopted its current name in 2023.