Allient (NASDAQ:ALNT) Given New $65.00 Price Target at JPMorgan Chase & Co.

Allient (NASDAQ:ALNTFree Report) had its price target decreased by JPMorgan Chase & Co. from $70.00 to $65.00 in a research report released on Friday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other equities research analysts have also issued reports on the company. Craig Hallum reissued a “buy” rating and set a $75.00 price objective on shares of Allient in a research note on Monday, March 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Allient in a research report on Wednesday, January 21st. Roth Mkm reissued a “buy” rating and set a $70.00 price objective on shares of Allient in a report on Friday. Finally, Lake Street Capital started coverage on shares of Allient in a research report on Wednesday, February 18th. They issued a “buy” rating and a $79.00 price objective on the stock. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $72.25.

Get Our Latest Stock Report on Allient

Allient Stock Performance

Allient stock opened at $66.69 on Friday. Allient has a 1-year low of $27.00 and a 1-year high of $80.39. The company has a current ratio of 3.73, a quick ratio of 2.08 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $1.13 billion, a PE ratio of 46.64 and a beta of 1.65. The firm’s 50 day simple moving average is $66.64 and its 200 day simple moving average is $60.72.

Allient (NASDAQ:ALNTGet Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.05). The firm had revenue of $138.92 million during 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%. As a group, analysts expect that Allient will post 2.58 earnings per share for the current fiscal year.

Allient Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.2%. This is an increase from Allient’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, May 21st. Allient’s dividend payout ratio is presently 9.09%.

Hedge Funds Weigh In On Allient

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada lifted its position in Allient by 19.8% in the 1st quarter. Royal Bank of Canada now owns 111,570 shares of the company’s stock worth $2,453,000 after buying an additional 18,416 shares during the last quarter. AQR Capital Management LLC raised its holdings in Allient by 8.0% during the 1st quarter. AQR Capital Management LLC now owns 53,661 shares of the company’s stock valued at $1,179,000 after buying an additional 3,979 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Allient by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,736 shares of the company’s stock worth $192,000 after purchasing an additional 390 shares during the last quarter. Empowered Funds LLC increased its holdings in Allient by 8.1% during the 1st quarter. Empowered Funds LLC now owns 46,044 shares of the company’s stock valued at $1,012,000 after purchasing an additional 3,458 shares during the period. Finally, Jane Street Group LLC increased its holdings in Allient by 9.9% during the 1st quarter. Jane Street Group LLC now owns 18,379 shares of the company’s stock valued at $404,000 after purchasing an additional 1,663 shares during the period. 61.57% of the stock is currently owned by institutional investors.

More Allient News

Here are the key news stories impacting Allient this week:

Allient Company Profile

(Get Free Report)

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.

Read More

Analyst Recommendations for Allient (NASDAQ:ALNT)

Receive News & Ratings for Allient Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Allient and related companies with MarketBeat.com's FREE daily email newsletter.