Allient Inc. (NASDAQ:ALNT) Receives $61.00 Average Price Target from Brokerages

Shares of Allient Inc. (NASDAQ:ALNT) have been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $63.60.

ALNT has been the subject of several analyst reports. Craig Hallum restated a “buy” rating and issued a $75.00 target price on shares of Allient in a research note on Monday, March 9th. Roth Mkm upped their price target on Allient from $56.00 to $69.00 and gave the company a “buy” rating in a research report on Monday. 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 price target on the stock. Zacks Research lowered shares of Allient from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Allient in a report on Wednesday, January 21st.

Hedge Funds Weigh In On Allient

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Arax Advisory Partners increased its position in shares of Allient by 113.9% in the fourth quarter. Arax Advisory Partners now owns 494 shares of the company’s stock worth $27,000 after purchasing an additional 263 shares during the last quarter. Advisory Services Network LLC purchased a new position in Allient in the 3rd quarter worth approximately $34,000. Larson Financial Group LLC increased its holdings in shares of Allient by 149.1% in the 4th 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 last quarter. State of Alaska Department of Revenue bought a new position in shares of Allient in the 3rd quarter worth $41,000. Finally, New York State Teachers Retirement System purchased a new stake in shares of Allient during the 3rd quarter valued at $58,000. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

Allient Price Performance

Shares of NASDAQ:ALNT opened at $61.37 on Friday. The firm has a market capitalization of $1.04 billion, a PE ratio of 46.49 and a beta of 1.51. The company has a quick ratio of 2.08, a current ratio of 3.66 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average price of $63.76 and a two-hundred day moving average price of $55.44. Allient has a twelve month low of $19.25 and a twelve month high of $70.00.

Allient (NASDAQ:ALNT) last released its quarterly earnings data on Thursday, March 5th. The company reported $0.55 EPS 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 company had revenue of $143.35 million during the quarter, compared to the consensus estimate of $133.33 million. Equities analysts forecast that Allient will post 1.43 EPS for the current year.

Allient Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 3rd. Investors of record on Friday, March 20th will be given a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, March 20th. Allient’s dividend payout ratio (DPR) is 9.09%.

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.