Allient (NASDAQ:ALNT) Sees Unusually-High Trading Volume – What’s Next?

Allient Inc. (NASDAQ:ALNT) shares saw strong trading volume on Monday . Approximately 163,767 shares were traded during trading, a decline of 24% from the previous session’s volume of 215,165 shares.The stock last traded at $88.13 and had previously closed at $86.78.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ALNT shares. JPMorgan Chase & Co. upped their price target on Allient from $80.00 to $95.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Jefferies Financial Group set a $80.00 price objective on Allient in a research report on Tuesday, May 26th. Weiss Ratings lowered shares of Allient from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 17th. Roth Capital reaffirmed a “buy” rating and issued a $70.00 target price on shares of Allient in a research report on Friday, May 8th. Finally, Wall Street Zen lowered shares of Allient from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $79.83.

Allient Price Performance

The company has a market capitalization of $1.43 billion, a PE ratio of 58.87 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.73 and a quick ratio of 2.15. The stock’s 50 day simple moving average is $86.19 and its 200-day simple moving average is $72.52.

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

Allient Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st were given a dividend of $0.04 per share. This is an increase from Allient’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Thursday, May 21st. Allient’s dividend payout ratio is currently 11.19%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cullen Frost Bankers Inc. grew its stake in Allient by 22.0% during the 4th quarter. Cullen Frost Bankers Inc. now owns 1,160 shares of the company’s stock worth $62,000 after purchasing an additional 209 shares in the last quarter. Jag Capital Management LLC raised its position in Allient by 5.1% in the 1st quarter. Jag Capital Management LLC now owns 5,107 shares of the company’s stock valued at $302,000 after purchasing an additional 246 shares in the last quarter. Arax Advisory Partners boosted its stake in shares of Allient by 113.9% in the 4th quarter. Arax Advisory Partners now owns 494 shares of the company’s stock valued at $27,000 after buying an additional 263 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Allient by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,736 shares of the company’s stock valued at $192,000 after buying an additional 390 shares during the period. Finally, Larson Financial Group LLC grew its position in shares of Allient by 149.1% during the fourth quarter. Larson Financial Group LLC now owns 690 shares of the company’s stock worth $37,000 after buying an additional 413 shares in the last quarter. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

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.