Allient Inc. (NASDAQ:ALNT) Stock Has Consensus Target Price of $84.00 According to Analysts

Shares of Allient Inc. (NASDAQ:ALNT) have been given a consensus recommendation of “Buy” by the six analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $84.00.

Several research analysts have issued reports on ALNT shares. Zacks Research raised shares of Allient from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Weiss Ratings downgraded shares of Allient from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, September 21st. JPMorgan Chase & Co. raised their price target on Allient from $95.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Finally, Wall Street Zen cut Allient from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 19th.

Insider Activity

In other news, CEO Richard Warzala sold 70,000 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $113.58, for a total transaction of $7,950,600.00. Following the completion of the sale, the chief executive officer owned 1,499,106 shares in the company, valued at $170,268,459.48. This represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 15.00% of the company’s stock.

Hedge Funds Weigh In On Allient

Several institutional investors have recently bought and sold shares of ALNT. Tidal Investments LLC acquired a new stake in shares of Allient in the 2nd quarter worth $280,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Allient during the second quarter worth about $721,000. Round Rock Advisors LLC lifted its position in Allient by 8.2% in the second quarter. Round Rock Advisors LLC now owns 24,086 shares of the company’s stock valued at $2,479,000 after purchasing an additional 1,822 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in Allient in the second quarter valued at about $3,181,000. Finally, Navellier & Associates Inc. boosted its holdings in Allient by 158.7% in the 2nd quarter. Navellier & Associates Inc. now owns 17,975 shares of the company’s stock valued at $1,850,000 after purchasing an additional 11,027 shares in the last quarter. 61.57% of the stock is owned by institutional investors and hedge funds.

Allient Stock Performance

Shares of ALNT opened at $118.63 on Thursday. The company has a current ratio of 3.42, a quick ratio of 1.95 and a debt-to-equity ratio of 0.56. The firm has a market cap of $2.02 billion, a PE ratio of 69.78 and a beta of 1.58. The company’s 50 day simple moving average is $100.93 and its 200-day simple moving average is $85.88. Allient has a 12-month low of $41.75 and a 12-month high of $121.42.

Allient (NASDAQ:ALNT) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.61 by $0.19. The firm had revenue of $153.77 million during the quarter, compared to the consensus estimate of $145.68 million. Allient had a net margin of 4.98% and a return on equity of 13.55%. As a group, equities analysts predict that Allient will post 2.73 EPS for the current year.

Allient Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Wednesday, August 19th. Allient’s dividend payout ratio (DPR) is 9.41%.

About Allient

Allient Inc (NASDAQ: ALNT) is a global manufacturer of precision and specialty motion-control products. The company designs and produces motors, motion controllers, drives, servo systems, electromechanical assemblies, and related components used to control movement and power in complex equipment.

Allient serves a range of markets, including medical equipment, aerospace and defense, industrial automation, robotics, vehicle systems, and other demanding applications. Its products are used in areas such as surgical and diagnostic equipment, factory automation, unmanned systems, and precision machinery.