Allient Inc. (NASDAQ:ALNT) Given Average Recommendation of “Hold” by Brokerages

Shares of Allient Inc. (NASDAQ:ALNT) have received an average recommendation of “Hold” from the six research firms that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two 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 $50.3333.

A number of analysts have recently commented on the company. Lake Street Capital assumed coverage on Allient in a research note on Wednesday. They issued a “buy” rating on the stock. Zacks Research downgraded Allient from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Allient in a research note on Wednesday, January 21st. Finally, Roth Mkm lifted their target price on shares of Allient from $49.00 to $56.00 and gave the company a “buy” rating in a report on Friday, November 14th.

Insider Activity at Allient

In related news, VP Ashish Bendre sold 16,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $52.25, for a total value of $836,000.00. Following the completion of the transaction, the vice president owned 23,166 shares of the company’s stock, valued at approximately $1,210,423.50. This represents a 40.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 14.90% of the stock is owned by company insiders.

Institutional Trading of Allient

Several large investors have recently made changes to their positions in the company. Arax Advisory Partners boosted its holdings in 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 purchasing an additional 263 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Allient by 149.1% during the 4th quarter. Larson Financial Group LLC now owns 690 shares of the company’s stock worth $37,000 after buying an additional 413 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of Allient during the 3rd quarter valued at approximately $34,000. State of Alaska Department of Revenue acquired a new position in Allient in the third quarter valued at approximately $41,000. Finally, Cullen Frost Bankers Inc. grew its position in Allient by 173.0% in the second quarter. Cullen Frost Bankers Inc. now owns 999 shares of the company’s stock worth $36,000 after acquiring an additional 633 shares during the period. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

Allient Trading Down 1.0%

NASDAQ ALNT opened at $65.98 on Wednesday. Allient has a 1 year low of $19.25 and a 1 year high of $70.00. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.53 and a quick ratio of 2.01. The company has a market capitalization of $1.12 billion, a PE ratio of 58.91 and a beta of 1.53. The company has a fifty day moving average of $59.75 and a 200 day moving average of $52.43.

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.