Analysts Set Allient Inc. (NASDAQ:ALNT) PT at $77.33

Shares of Allient Inc. (NASDAQ:ALNT) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $77.3333.

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of Allient from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $65.00 to $80.00 in a report on Tuesday, May 26th. Jefferies Financial Group set a $80.00 target price on shares of Allient in a report on Tuesday, May 26th. Lake Street Capital assumed coverage on shares of Allient in a report on Wednesday, February 18th. They issued a “buy” rating and a $79.00 target price on the stock. Macquarie Infrastructure set a $80.00 target price on shares of Allient in a report on Tuesday, May 26th. Finally, Craig Hallum reissued a “buy” rating and issued a $75.00 target price on shares of Allient in a report on Monday, March 9th.

Allient Price Performance

ALNT stock opened at $89.80 on Friday. Allient has a one year low of $31.14 and a one year high of $91.11. The company’s fifty day moving average price is $69.22 and its 200-day moving average price is $63.08. 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 capitalization of $1.53 billion, a PE ratio of 62.80 and a beta of 1.63.

Allient (NASDAQ:ALNT) last released its earnings results on Wednesday, May 6th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.05). Allient had a return on equity of 12.47% and a net margin of 4.25%.The company had revenue of $138.92 million during the quarter, compared to analysts’ expectations of $138.42 million. On average, equities analysts anticipate that Allient will post 2.47 EPS for the current fiscal year.

Allient Increases Dividend

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

Institutional Investors Weigh In On Allient

A number of hedge funds have recently bought and sold shares of ALNT. Royal Bank of Canada raised its stake in Allient by 19.8% during the first quarter. Royal Bank of Canada now owns 111,570 shares of the company’s stock valued at $2,453,000 after purchasing an additional 18,416 shares in the last quarter. AQR Capital Management LLC raised its stake in Allient by 8.0% during the first quarter. AQR Capital Management LLC now owns 53,661 shares of the company’s stock valued at $1,179,000 after purchasing an additional 3,979 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Allient by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,736 shares of the company’s stock valued at $192,000 after purchasing an additional 390 shares in the last quarter. Empowered Funds LLC raised its stake in Allient by 8.1% during the first quarter. Empowered Funds LLC now owns 46,044 shares of the company’s stock valued at $1,012,000 after purchasing an additional 3,458 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in Allient by 9.9% during the first quarter. Jane Street Group LLC now owns 18,379 shares of the company’s stock valued at $404,000 after purchasing an additional 1,663 shares in the last quarter. Hedge funds and other institutional investors own 61.57% of the company’s stock.

Allient Company Profile

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.