Allient (NASDAQ:ALNT) Stock Rating Lowered by Northland Capmk

Allient (NASDAQ:ALNT) was downgraded by Northland Capmk from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Separately, Northland Securities lowered Allient from an “outperform” rating to a “market perform” rating in a research report on Monday.

Allient Stock Down 3.1 %

NASDAQ:ALNT opened at $21.74 on Monday. The company has a market cap of $368.45 million, a price-to-earnings ratio of 24.70 and a beta of 1.39. Allient has a twelve month low of $16.91 and a twelve month high of $32.00. The company has a current ratio of 4.10, a quick ratio of 2.18 and a debt-to-equity ratio of 0.85. The stock has a fifty day simple moving average of $22.31 and a 200-day simple moving average of $23.54.

Allient (NASDAQ:ALNT) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.03. The company had revenue of $122.01 million during the quarter, compared to analysts’ expectations of $119.72 million. Allient had a net margin of 2.64% and a return on equity of 10.80%. Analysts anticipate that Allient will post 1.43 EPS for the current year.

Hedge Funds Weigh In On Allient

A number of large investors have recently bought and sold shares of ALNT. CWM LLC increased its holdings in shares of Allient by 105.2% in the 1st quarter. CWM LLC now owns 1,890 shares of the company’s stock valued at $42,000 after acquiring an additional 969 shares during the period. Envestnet Asset Management Inc. grew its stake in Allient by 26.7% in the first quarter. Envestnet Asset Management Inc. now owns 104,988 shares of the company’s stock valued at $2,308,000 after purchasing an additional 22,098 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Allient by 8.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 442,335 shares of the company’s stock worth $9,731,000 after purchasing an additional 36,142 shares in the last quarter. Pullen Investment Management LLC lifted its position in shares of Allient by 3.0% during the first quarter. Pullen Investment Management LLC now owns 48,961 shares of the company’s stock valued at $1,076,000 after buying an additional 1,433 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in shares of Allient in the 1st quarter valued at about $60,000. 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.