Analysts Set Allient Inc. (NASDAQ:ALNT) Price Target at $61.00

Allient Inc. (NASDAQ:ALNT) has been given an average rating of “Hold” by the seven analysts that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $63.60.

Several research analysts recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Allient in a report on Wednesday, January 21st. Craig Hallum reissued a “buy” rating and issued a $75.00 price objective on shares of Allient in a research report on Monday, March 9th. Roth Mkm raised their target price on shares of Allient from $56.00 to $69.00 and gave the company a “buy” rating in a research note on Monday. Zacks Research lowered shares of Allient from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Lake Street Capital assumed coverage on shares of Allient in a research report on Wednesday, February 18th. They set a “buy” rating and a $79.00 price target for the company.

Allient Stock Performance

Shares of NASDAQ:ALNT opened at $63.09 on Friday. The business has a 50-day moving average of $63.57 and a two-hundred day moving average of $55.36. The firm has a market capitalization of $1.07 billion, a PE ratio of 47.80 and a beta of 1.51. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.66 and a quick ratio of 2.08. Allient has a 12 month low of $19.25 and a 12 month high of $70.00.

Allient (NASDAQ:ALNT) last released its quarterly earnings data on Thursday, March 5th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.09. Allient had a return on equity of 12.53% and a net margin of 3.97%.The business had revenue of $143.35 million for the quarter, compared to analyst estimates of $133.33 million. As a group, research analysts forecast that Allient will post 1.43 earnings per share for the current year.

Allient Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 3rd. Stockholders of record on Friday, March 20th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, March 20th. Allient’s payout ratio is presently 9.09%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management LLC acquired a new stake in Allient during the second quarter worth about $560,000. Nkcfo LLC boosted its stake in Allient by 700.0% in the second quarter. Nkcfo LLC now owns 32,000 shares of the company’s stock valued at $1,162,000 after acquiring an additional 28,000 shares during the period. Principal Financial Group Inc. bought a new position in shares of Allient during the third quarter valued at approximately $647,000. Handelsbanken Fonder AB bought a new position in shares of Allient during the third quarter valued at approximately $5,888,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Allient during the 3rd quarter worth approximately $495,000. 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.