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

Shares of Allient Inc. (NASDAQ:ALNT) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $79.8333.

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Allient from $80.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Wall Street Zen downgraded Allient from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Roth Capital restated a “buy” rating and issued a $70.00 price target on shares of Allient in a research note on Friday, May 8th. Macquarie Infrastructure set a $80.00 price objective on Allient in a report on Tuesday, May 26th. Finally, Weiss Ratings cut Allient from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 17th.

Hedge Funds Weigh In On Allient

A number of large investors have recently made changes to their positions in ALNT. Arax Advisory Partners lifted its stake in shares of Allient by 113.9% in the fourth quarter. Arax Advisory Partners now owns 494 shares of the company’s stock valued at $27,000 after purchasing an additional 263 shares during the period. Larson Financial Group LLC grew its position in Allient by 149.1% during the fourth quarter. Larson Financial Group LLC now owns 690 shares of the company’s stock worth $37,000 after buying an additional 413 shares during the period. Advisory Services Network LLC acquired a new position in Allient during the third quarter worth about $34,000. Cullen Frost Bankers Inc. increased its holdings in Allient by 22.0% in the fourth quarter. Cullen Frost Bankers Inc. now owns 1,160 shares of the company’s stock valued at $62,000 after buying an additional 209 shares in the last quarter. Finally, State of Wyoming purchased a new position in Allient in the fourth quarter valued at about $67,000. Hedge funds and other institutional investors own 61.57% of the company’s stock.

Allient Trading Down 2.1%

Shares of Allient stock opened at $86.78 on Friday. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 60.69 and a beta of 1.59. Allient has a 52-week low of $36.85 and a 52-week high of $104.65. The company’s 50-day simple moving average is $86.19 and its 200-day simple moving average is $72.42. The company has a quick ratio of 2.15, a current ratio of 3.73 and a debt-to-equity ratio of 0.58.

Allient (NASDAQ:ALNT) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). Allient had a net margin of 4.25% and a return on equity of 12.47%. The firm had revenue of $138.91 million during the quarter, compared to analyst estimates of $138.42 million. As a group, equities research analysts anticipate that Allient will post 2.47 earnings per share for the current year.

Allient Increases Dividend

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