Allient Inc. (NASDAQ:ALNT) Receives $79.83 Consensus PT from Analysts

Shares of Allient Inc. (NASDAQ:ALNT) have been assigned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $79.8333.

Several brokerages recently issued reports on ALNT. Wall Street Zen cut Allient from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. JPMorgan Chase & Co. increased their price objective on Allient from $80.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Jefferies Financial Group set a $80.00 target price on Allient in a research note on Tuesday, May 26th. Macquarie Infrastructure set a $80.00 target price on Allient in a report on Tuesday, May 26th. Finally, Roth Capital restated a “buy” rating and set a $70.00 price target on shares of Allient in a research note on Friday, May 8th.

Allient Trading Down 1.2%

NASDAQ ALNT opened at $86.61 on Friday. 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 firm has a market cap of $1.47 billion, a PE ratio of 60.57 and a beta of 1.59. Allient has a one year low of $36.85 and a one year high of $104.65. The firm’s fifty day moving average is $84.12 and its two-hundred day moving average is $71.59.

Allient (NASDAQ:ALNT) last announced its earnings results on Wednesday, May 6th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.05). Allient had a net margin of 4.25% and a return on equity of 12.47%. The business had revenue of $138.91 million during the quarter, compared to analysts’ expectations of $138.42 million. Analysts expect that Allient will post 2.47 earnings per share for the current year.

Allient Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Thursday, May 21st were given a $0.04 dividend. 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 yield of 0.2%. Allient’s payout ratio is 11.19%.

Hedge Funds Weigh In On Allient

Large investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of 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 acquiring an additional 18,416 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Allient by 8.0% in the first quarter. AQR Capital Management LLC now owns 53,661 shares of the company’s stock valued at $1,179,000 after acquiring an additional 3,979 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Allient by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,736 shares of the company’s stock worth $192,000 after acquiring an additional 390 shares during the period. Empowered Funds LLC increased its stake in shares of Allient by 8.1% during the first quarter. Empowered Funds LLC now owns 46,044 shares of the company’s stock worth $1,012,000 after acquiring an additional 3,458 shares during the period. Finally, Jane Street Group LLC raised its holdings in Allient by 9.9% during the first quarter. Jane Street Group LLC now owns 18,379 shares of the company’s stock worth $404,000 after purchasing an additional 1,663 shares in the last quarter. Hedge funds and other institutional investors own 61.57% of the company’s stock.

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.