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

Allient Inc. (NASDAQ:ALNT) has received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $77.3333.

ALNT has been the topic of several recent analyst reports. JPMorgan Chase & Co. upgraded shares of Allient from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $65.00 to $80.00 in a research note on Tuesday, May 26th. Wall Street Zen downgraded shares of Allient from a “strong-buy” rating to a “hold” rating in a research note on Saturday, May 9th. Roth Mkm restated a “buy” rating and issued a $70.00 target price on shares of Allient in a research note on Friday, May 8th. Craig Hallum restated a “buy” rating and issued a $75.00 target price on shares of Allient in a research note on Monday, March 9th. Finally, Lake Street Capital initiated coverage on shares of Allient in a research note on Wednesday, February 18th. They issued a “buy” rating and a $79.00 target price on the stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Portolan Capital Management LLC acquired a new position in Allient during the 3rd quarter valued at about $11,530,000. Jennison Associates LLC lifted its position in Allient by 111.5% during the 1st quarter. Jennison Associates LLC now owns 353,430 shares of the company’s stock valued at $20,884,000 after purchasing an additional 186,316 shares during the period. Telemark Asset Management LLC acquired a new position in Allient during the 4th quarter valued at about $8,062,000. Hillsdale Investment Management Inc. acquired a new position in Allient during the 3rd quarter valued at about $6,656,000. Finally, Marshall Wace LLP lifted its position in Allient by 1,291.3% during the 3rd quarter. Marshall Wace LLP now owns 153,819 shares of the company’s stock valued at $6,883,000 after purchasing an additional 142,763 shares during the period. Institutional investors and hedge funds own 61.57% of the company’s stock.

Allient Stock Up 2.8%

Shares of NASDAQ:ALNT opened at $85.42 on Friday. Allient has a 52 week low of $30.07 and a 52 week high of $86.94. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.15 and a current ratio of 3.73. The company’s fifty day moving average is $67.76 and its 200-day moving average is $62.34. The company has a market capitalization of $1.45 billion, a PE ratio of 59.73 and a beta of 1.63.

Allient (NASDAQ:ALNT) last issued its 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). Allient had a net margin of 4.25% and a return on equity of 12.47%. The firm had revenue of $138.92 million during the quarter, compared to analyst estimates of $138.42 million. Equities research analysts predict that Allient will post 2.47 earnings per share for the current fiscal year.

Allient Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from Allient’s previous quarterly dividend of $0.03. The ex-dividend date is Thursday, May 21st. Allient’s dividend 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.