Allient Inc. (NASDAQ:ALNT) Stock Has Average Target Price of $84.00 According to Analysts

Allient Inc. (NASDAQ:ALNT) has received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $84.00.

Several research firms have recently weighed in on ALNT. Weiss Ratings downgraded shares of Allient from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, October 26th. JPMorgan Chase & Co. lowered Allient from an “overweight” rating to a “neutral” rating and set a $120.00 target price for the company. in a research report on Tuesday, October 13th. Wall Street Zen cut shares of Allient from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 19th. Finally, Zacks Research downgraded shares of Allient from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th.

Insider Activity at Allient

In other Allient news, CEO Richard Warzala sold 70,000 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $113.58, for a total value of $7,950,600.00. Following the completion of the transaction, the chief executive officer owned 1,499,106 shares of the company’s stock, valued at approximately $170,268,459.48. The trade was a 4.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 15.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. bought a new position in shares of Allient in the second quarter worth approximately $25,000. Kilter Group LLC bought a new position in Allient in the 2nd quarter worth $37,000. GAMMA Investing LLC grew its position in shares of Allient by 29.3% during the third quarter. GAMMA Investing LLC now owns 485 shares of the company’s stock worth $54,000 after purchasing an additional 110 shares in the last quarter. Sterling Capital Management LLC raised its stake in Allient by 853.8% during the 3rd quarter. Sterling Capital Management LLC now owns 496 shares of the company’s stock valued at $55,000 after purchasing an additional 444 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in Allient by 51.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,851 shares of the company’s stock valued at $207,000 after purchasing an additional 630 shares during the period. 61.57% of the stock is currently owned by institutional investors.

Allient Price Performance

Allient stock opened at $85.59 on Monday. The business’s 50 day simple moving average is $99.88 and its 200 day simple moving average is $82.38. Allient has a 12 month low of $44.30 and a 12 month high of $121.42. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 50.35 and a beta of 1.62. The company has a current ratio of 3.42, a quick ratio of 1.95 and a debt-to-equity ratio of 0.56.

Allient (NASDAQ:ALNT) last issued its earnings results on Wednesday, August 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.19. Allient had a return on equity of 13.55% and a net margin of 4.98%. The firm had revenue of $153.77 million for the quarter, compared to analyst estimates of $145.68 million. Sell-side analysts forecast that Allient will post 2.72 EPS for the current year.

Allient Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Wednesday, August 19th. Allient’s dividend payout ratio is currently 9.41%.

Allient Company Profile

Allient Inc (NASDAQ: ALNT) designs and manufactures precision and engineered products that control motion, power, and electromagnetic energy. Its portfolio includes motors, motion-control systems, electronic controls, power electronics, magnetic components, and related assemblies used in demanding industrial applications.

The company serves customers in markets such as medical equipment, aerospace and defense, industrial automation, robotics, transportation, and other specialized equipment industries.