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

Allient Inc. (NASDAQ:ALNT) has earned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. Two 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 updated their coverage on the stock in the last year is $77.3333.

Several research firms have commented on ALNT. Jefferies Financial Group set a $80.00 price target on Allient in a research report on Tuesday. Roth Mkm restated a “buy” rating and set a $70.00 target price on shares of Allient in a research report on Friday, May 8th. Macquarie Infrastructure set a $80.00 target price on shares of Allient in a report on Tuesday. Wall Street Zen downgraded shares of Allient from a “strong-buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, 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.

Hedge Funds Weigh In On Allient

Several institutional investors have recently added to or reduced their stakes in the stock. Portolan Capital Management LLC purchased a new stake in Allient during the 3rd quarter valued at approximately $11,530,000. Jennison Associates LLC increased its holdings in shares of Allient by 111.5% in the first quarter. Jennison Associates LLC now owns 353,430 shares of the company’s stock valued at $20,884,000 after purchasing an additional 186,316 shares during the period. Telemark Asset Management LLC purchased a new stake in shares of Allient during the fourth quarter worth approximately $8,062,000. Hillsdale Investment Management Inc. purchased a new stake in shares of Allient during the third quarter worth approximately $6,656,000. Finally, Marshall Wace LLP lifted its holdings in shares of Allient by 1,291.3% during the third quarter. Marshall Wace LLP now owns 153,819 shares of the company’s stock worth $6,883,000 after purchasing an additional 142,763 shares during the period. Institutional investors and hedge funds own 61.57% of the company’s stock.

Allient Stock Performance

Shares of ALNT stock opened at $74.59 on Friday. The stock’s 50-day moving average is $66.97 and its two-hundred day moving average is $61.94. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.15 and a current ratio of 3.73. Allient has a 1 year low of $30.00 and a 1 year high of $80.39. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 52.16 and a beta of 1.65.

Allient (NASDAQ:ALNT) last posted its earnings results on Wednesday, May 6th. The company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.05). The firm had revenue of $138.92 million during the quarter, compared to analysts’ expectations of $138.42 million. Allient had a net margin of 4.25% and a return on equity of 12.47%. Analysts predict that Allient will post 2.47 earnings per share for the current year.

Allient Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 21st will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This is a positive change 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%. Allient’s dividend payout ratio is currently 11.19%.

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.