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

Shares of Allient Inc. (NASDAQ:ALNT) have received a consensus rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $50.3333.

ALNT has been the subject of several research analyst reports. Zacks Research upgraded shares of Allient from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Allient in a report on Wednesday, October 8th. Roth Capital boosted their target price on Allient from $49.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, November 14th. Finally, JPMorgan Chase & Co. began coverage on Allient in a research report on Monday, October 20th. They set a “neutral” rating and a $60.00 price target on the stock.

Insiders Place Their Bets

In other news, VP Ashish Bendre sold 16,000 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $52.25, for a total value of $836,000.00. Following the completion of the transaction, the vice president directly owned 23,166 shares of the company’s stock, valued at $1,210,423.50. This trade represents a 40.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 14.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Allient

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. White Pine Capital LLC increased its position in shares of Allient by 1.6% in the second quarter. White Pine Capital LLC now owns 17,218 shares of the company’s stock worth $625,000 after purchasing an additional 269 shares during the last quarter. Copeland Capital Management LLC increased its stake in Allient by 16.4% in the second quarter. Copeland Capital Management LLC now owns 2,561 shares of the company’s stock valued at $93,000 after acquiring an additional 360 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Allient by 4.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,736 shares of the company’s stock valued at $192,000 after acquiring an additional 390 shares during the last quarter. Deutsche Bank AG raised its position in Allient by 2.9% during the first quarter. Deutsche Bank AG now owns 18,221 shares of the company’s stock valued at $400,000 after purchasing an additional 520 shares in the last quarter. Finally, Aviso Financial Inc. lifted its stake in Allient by 1.8% during the first quarter. Aviso Financial Inc. now owns 34,420 shares of the company’s stock worth $757,000 after purchasing an additional 620 shares during the last quarter. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

Allient Stock Performance

NASDAQ ALNT opened at $54.65 on Tuesday. The company has a market capitalization of $925.77 million, a PE ratio of 48.79 and a beta of 1.59. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.01 and a current ratio of 3.53. Allient has a 52-week low of $19.25 and a 52-week high of $58.13. The company has a 50-day simple moving average of $51.29 and a 200 day simple moving average of $43.92.

Allient Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Thursday, November 20th were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.12 annualized dividend and a yield of 0.2%. Allient’s dividend payout ratio is 10.71%.

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.