Allient (NASDAQ:ALNT) Stock Gets Price Target Trim from JPMorgan Chase & Co.

Allient (NASDAQ:ALNT) had its price objective reduced by JPMorgan Chase & Co. from $120.00 to $110.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts also recently issued research reports about the company. Wall Street Zen upgraded Allient from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Research cut Allient from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Finally, Weiss Ratings downgraded shares of Allient from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, October 26th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $82.33.

Allient Stock Performance

NASDAQ ALNT opened at $81.32 on Friday. Allient has a twelve month low of $48.12 and a twelve month high of $121.42. The company has a quick ratio of 1.99, a current ratio of 3.49 and a debt-to-equity ratio of 0.53. The stock has a market cap of $1.38 billion, a P/E ratio of 36.63 and a beta of 1.62. The company’s 50-day simple moving average is $98.64 and its 200 day simple moving average is $82.89.

Allient (NASDAQ:ALNT) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.33. The firm had revenue of $164.40 million during the quarter, compared to analysts’ expectations of $155.25 million. Allient had a net margin of 6.24% and a return on equity of 15.80%. As a group, research analysts forecast that Allient will post 2.72 earnings per share for the current fiscal year.

Allient Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Wednesday, November 18th will be issued a $0.04 dividend. 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 payout ratio is presently 7.21%.

Institutional Investors Weigh In On Allient

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in Allient by 29.3% during the 3rd quarter. GAMMA Investing LLC now owns 485 shares of the company’s stock worth $54,000 after buying an additional 110 shares in the last quarter. Smith Group Asset Management LLC grew its holdings in Allient by 1.7% during the 3rd quarter. Smith Group Asset Management LLC now owns 12,408 shares of the company’s stock worth $1,385,000 after acquiring an additional 207 shares during the last quarter. Jag Capital Management LLC grew its holdings in Allient by 5.1% during the 1st quarter. Jag Capital Management LLC now owns 5,107 shares of the company’s stock worth $302,000 after acquiring an additional 246 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Allient in the 2nd quarter valued at about $25,000. Finally, Kilter Group LLC acquired a new stake in Allient in the 2nd quarter valued at about $37,000. 61.57% of the stock is currently owned by institutional investors.

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.