Allient Inc. (NASDAQ:ALNT) Given Average Recommendation of “Moderate Buy” by Analysts

Allient Inc. (NASDAQ:ALNT) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $79.8333.

ALNT has been the subject of a number of analyst reports. Macquarie Infrastructure set a $80.00 target price on shares of Allient in a research note on Tuesday, May 26th. Weiss Ratings downgraded Allient from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 17th. Wall Street Zen lowered Allient from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Jefferies Financial Group set a $80.00 price objective on Allient in a research note on Tuesday, May 26th. Finally, JPMorgan Chase & Co. upped their target price on Allient from $80.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, July 13th.

Institutional Trading of Allient

Several hedge funds have recently modified their holdings of ALNT. Arax Advisory Partners raised its holdings in shares of Allient by 113.9% during the fourth 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. Advisory Services Network LLC bought a new position in shares of Allient during the 3rd quarter worth about $34,000. Larson Financial Group LLC grew its stake in shares of Allient by 149.1% in the 4th quarter. Larson Financial Group LLC now owns 690 shares of the company’s stock valued at $37,000 after buying an additional 413 shares during the period. Cullen Frost Bankers Inc. grew its stake in shares of Allient by 22.0% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,160 shares of the company’s stock valued at $62,000 after buying an additional 209 shares during the period. Finally, State of Wyoming bought a new stake in Allient in the 4th quarter valued at about $67,000. Institutional investors own 61.57% of the company’s stock.

Allient Trading Down 1.8%

Shares of ALNT stock opened at $88.36 on Friday. Allient has a 1-year low of $36.85 and a 1-year high of $104.65. The company has a current ratio of 3.73, a quick ratio of 2.15 and a debt-to-equity ratio of 0.58. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 61.79 and a beta of 1.59. The stock has a 50-day moving average of $85.18 and a 200-day moving average of $72.09.

Allient (NASDAQ:ALNT) last released its quarterly earnings results 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). Allient had a return on equity of 12.47% and a net margin of 4.25%.The firm had revenue of $138.91 million for the quarter, compared to the consensus estimate of $138.42 million. On average, equities research analysts forecast that Allient will post 2.47 earnings per share for the current year.

Allient Increases Dividend

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