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

Allient Inc. (NASDAQ:ALNT) has received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $77.3333.

ALNT has been the topic of several research reports. Macquarie Infrastructure set a $80.00 price target on shares of Allient in a research report on Tuesday, May 26th. Jefferies Financial Group set a $80.00 price target on shares of Allient in a research report on Tuesday, May 26th. Wall Street Zen upgraded shares of Allient from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. JPMorgan Chase & Co. raised shares of 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 note on Tuesday, May 26th. Finally, Weiss Ratings lowered shares of Allient from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Arax Advisory Partners grew its holdings 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 bought a new position in shares of Allient in the third quarter worth about $34,000. Larson Financial Group LLC grew its holdings in shares of Allient by 149.1% in the fourth 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 last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of Allient by 22.0% in the fourth 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 last quarter. Finally, State of Wyoming bought a new position in shares of Allient in the fourth quarter worth about $67,000. 61.57% of the stock is currently owned by institutional investors.

Allient Trading Up 3.1%

Allient stock opened at $98.78 on Tuesday. The stock has a market cap of $1.68 billion, a P/E ratio of 69.08 and a beta of 1.64. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.73 and a quick ratio of 2.15. Allient has a 1 year low of $33.33 and a 1 year high of $100.01. The firm’s 50 day moving average price is $76.38 and its 200-day moving average price is $66.44.

Allient (NASDAQ:ALNT) last released 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 the consensus estimate of $138.42 million. Allient had a net margin of 4.25% and a return on equity of 12.47%. On average, equities analysts predict that Allient will post 2.47 earnings per share for the current fiscal year.

Allient Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, May 21st. This is a positive change from Allient’s previous quarterly dividend of $0.03. This represents a $0.16 annualized dividend and a yield of 0.2%. Allient’s payout ratio is presently 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.