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

Allient Inc. (NASDAQ:ALNT) has earned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $63.60.

ALNT has been the subject of several analyst reports. Roth Mkm upped their price objective on Allient from $56.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, March 16th. Lake Street Capital initiated coverage on Allient in a report on Wednesday, February 18th. They issued a “buy” rating and a $79.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Allient in a research note on Wednesday, January 21st. Finally, Craig Hallum reaffirmed a “buy” rating and set a $75.00 price target on shares of Allient in a report on Monday, March 9th.

Allient Stock Performance

Shares of Allient stock opened at $76.28 on Monday. The company’s fifty day moving average is $66.25 and its two-hundred day moving average is $60.23. Allient has a 1 year low of $21.52 and a 1 year high of $77.39. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.08 and a current ratio of 3.66. The company has a market capitalization of $1.30 billion, a P/E ratio of 57.79 and a beta of 1.65.

Allient (NASDAQ:ALNT) last announced its earnings results on Thursday, March 5th. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.09. Allient had a net margin of 3.97% and a return on equity of 12.53%. The business had revenue of $143.35 million during the quarter, compared to the consensus estimate of $133.33 million. Analysts forecast that Allient will post 2.58 earnings per share for the current year.

Allient Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 3rd. Shareholders of record on Friday, March 20th were given a dividend of $0.03 per share. The ex-dividend date was Friday, March 20th. This represents a $0.12 dividend on an annualized basis and a yield of 0.2%. Allient’s dividend payout ratio is presently 9.09%.

Institutional Trading of Allient

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Arax Advisory Partners increased its stake in shares of Allient by 113.9% during the fourth quarter. Arax Advisory Partners now owns 494 shares of the company’s stock worth $27,000 after acquiring an additional 263 shares during the period. Advisory Services Network LLC acquired a new stake in Allient in the third quarter valued at about $34,000. Larson Financial Group LLC boosted its holdings in Allient by 149.1% in the 4th quarter. Larson Financial Group LLC now owns 690 shares of the company’s stock valued at $37,000 after purchasing an additional 413 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Allient during the 3rd quarter worth approximately $41,000. Finally, New York State Teachers Retirement System acquired a new position in Allient during the 3rd quarter worth approximately $58,000. Hedge funds and other institutional investors own 61.57% of the company’s stock.

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.