Allient Inc. (NASDAQ:ALNT) Given Consensus Rating of “Hold” by Brokerages

Allient Inc. (NASDAQ:ALNT) has been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $63.60.

Several analysts have recently weighed in on the stock. Roth Mkm boosted their price objective on shares of Allient from $56.00 to $69.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Craig Hallum reiterated a “buy” rating and set a $75.00 price target on shares of Allient in a research note on Monday, March 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Allient in a research note on Wednesday, January 21st. Finally, Lake Street Capital began coverage on shares of Allient in a research note on Wednesday, February 18th. They set a “buy” rating and a $79.00 price target on the stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ALNT. Vanguard Group Inc. boosted its holdings in shares of Allient by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 1,011,253 shares of the company’s stock valued at $54,355,000 after acquiring an additional 26,438 shares during the period. State Street Corp increased its holdings in shares of Allient by 32.5% in the 4th quarter. State Street Corp now owns 392,261 shares of the company’s stock valued at $21,084,000 after acquiring an additional 96,264 shares during the period. Geode Capital Management LLC increased its holdings in shares of Allient by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 368,486 shares of the company’s stock valued at $19,808,000 after acquiring an additional 10,173 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Allient by 20.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 290,696 shares of the company’s stock valued at $13,009,000 after acquiring an additional 49,384 shares during the period. Finally, Portolan Capital Management LLC acquired a new position in shares of Allient in the 3rd quarter valued at $11,530,000. Institutional investors and hedge funds own 61.57% of the company’s stock.

Allient Stock Performance

Shares of ALNT opened at $76.28 on Monday. The stock has a 50 day moving average price of $66.25 and a 200 day moving average price of $60.23. The company has a quick ratio of 2.08, a current ratio of 3.66 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 57.79 and a beta of 1.65. Allient has a 52-week low of $21.52 and a 52-week high of $77.39.

Allient (NASDAQ:ALNT) last announced its quarterly earnings results on Thursday, March 5th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.46 by $0.09. The company had revenue of $143.35 million for the quarter, compared to analyst estimates of $133.33 million. Allient had a net margin of 3.97% and a return on equity of 12.53%. Research analysts predict that Allient will post 2.58 EPS for the current fiscal year.

Allient Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 3rd. Investors of record on Friday, March 20th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, March 20th. Allient’s dividend payout ratio (DPR) is currently 9.09%.

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.