Allient (NASDAQ:ALNT) Upgraded at Wall Street Zen

Allient (NASDAQ:ALNT) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other research analysts also recently commented on ALNT. Macquarie Infrastructure set a $80.00 price target on Allient in a research note on Tuesday, May 26th. JPMorgan Chase & Co. raised Allient from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $65.00 to $80.00 in a research report on Tuesday, May 26th. Craig Hallum reissued a “buy” rating and set a $75.00 price objective on shares of Allient in a research report on Monday, March 9th. Lake Street Capital began coverage on shares of Allient in a research report on Wednesday, February 18th. They set a “buy” rating and a $79.00 price objective on the stock. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $70.00 price target on shares of Allient in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $77.33.

Allient Trading Up 0.2%

Shares of NASDAQ:ALNT opened at $91.37 on Friday. The company has a 50-day simple moving average of $72.37 and a 200 day simple moving average of $64.58. 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 $1.55 billion, a P/E ratio of 63.90 and a beta of 1.63. Allient has a 52-week low of $33.02 and a 52-week high of $95.65.

Allient (NASDAQ:ALNT) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.05). The company had revenue of $138.92 million for the quarter, compared to analyst estimates of $138.42 million. Allient had a return on equity of 12.47% and a net margin of 4.25%. Sell-side analysts forecast that Allient will post 2.47 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Arax Advisory Partners boosted its holdings in Allient by 113.9% in the 4th 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 raised its position in 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 purchasing an additional 413 shares during the period. Advisory Services Network LLC purchased a new position in Allient in the 3rd quarter worth $34,000. Cullen Frost Bankers Inc. raised its position in Allient by 22.0% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,160 shares of the company’s stock worth $62,000 after purchasing an additional 209 shares during the period. Finally, State of Wyoming purchased a new position in Allient in the 4th quarter worth $67,000. 61.57% of the stock is owned by institutional investors.

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.