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

Shares of Allient Inc. (NASDAQ:ALNT) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $77.3333.

A number of equities research analysts have recently commented on ALNT shares. Wall Street Zen raised shares of Allient from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Weiss Ratings cut shares of Allient from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Jefferies Financial Group set a $80.00 price objective on shares of Allient in a research note on Tuesday, May 26th. Macquarie Infrastructure set a $80.00 price objective on shares of Allient in a research note on Tuesday, May 26th. Finally, JPMorgan Chase & Co. raised shares of Allient from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $65.00 to $80.00 in a research note on Tuesday, May 26th.

Allient Stock Performance

Shares of Allient stock opened at $97.63 on Tuesday. The firm has a market capitalization of $1.66 billion, a P/E ratio of 68.27 and a beta of 1.63. The company has a quick ratio of 2.15, a current ratio of 3.73 and a debt-to-equity ratio of 0.58. The company has a 50 day moving average price of $78.55 and a 200 day moving average price of $67.59. Allient has a 52 week low of $35.36 and a 52 week high of $104.65.

Allient (NASDAQ:ALNT) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.05). The business had revenue of $138.92 million during 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 expect that Allient will post 2.47 EPS for the current year.

Allient Increases Dividend

The firm also recently announced 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 was Thursday, May 21st. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.2%. Allient’s payout ratio is 11.19%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arax Advisory Partners lifted its position in shares of Allient by 113.9% during the 4th quarter. Arax Advisory Partners now owns 494 shares of the company’s stock valued at $27,000 after buying an additional 263 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Allient by 149.1% during 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 in the last quarter. Advisory Services Network LLC purchased a new position in shares of Allient during the 3rd quarter valued at approximately $34,000. Cullen Frost Bankers Inc. lifted its position in shares of Allient by 22.0% during 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 in the last quarter. Finally, State of Wyoming purchased a new position in shares of Allient during the 4th quarter valued at approximately $67,000. Hedge funds and other institutional investors own 61.57% of the company’s stock.

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.