Zacks Research Upgrades Allient (NASDAQ:ALNT) to Strong-Buy

Allient (NASDAQ:ALNT) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday, Zacks reports.

Several other brokerages also recently commented on ALNT. JPMorgan Chase & Co. dropped their price objective on Allient from $120.00 to $110.00 and set a “neutral” rating on the stock in a research note on Friday, November 6th. Weiss Ratings cut Allient from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, Wall Street Zen upgraded Allient from a “buy” rating to a “strong-buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.33.

Allient Stock Down 2.5%

Shares of NASDAQ:ALNT opened at $84.63 on Monday. Allient has a 52 week low of $48.12 and a 52 week high of $121.42. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.99 and a current ratio of 3.49. The company has a market capitalization of $1.44 billion, a PE ratio of 38.12 and a beta of 1.62. The company has a 50 day moving average price of $98.33 and a two-hundred day moving average price of $83.12.

Allient (NASDAQ:ALNT) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.33. Allient had a net margin of 6.24% and a return on equity of 15.80%. The company had revenue of $164.40 million for the quarter, compared to analysts’ expectations of $155.25 million. Analysts forecast that Allient will post 2.96 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ALNT. Meeder Asset Management Inc. grew its stake in shares of Allient by 211.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 767 shares of the company’s stock worth $86,000 after acquiring an additional 521 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of Allient in the third quarter worth $224,000. White Pine Capital LLC bought a new stake in shares of Allient in the third quarter worth $1,414,000. Aberdeen Group plc acquired a new position in Allient during the third quarter worth $2,991,000. Finally, Russell Investments Group Ltd. boosted its holdings in Allient by 26.2% during the third quarter. Russell Investments Group Ltd. now owns 49,237 shares of the company’s stock worth $5,495,000 after purchasing an additional 10,216 shares during the last quarter. 61.57% of the stock is currently owned by institutional investors.

Key Stories Impacting Allient

Here are the key news stories impacting Allient this week:

• Positive Sentiment: Northland Securities raised its earnings forecasts across several periods, including FY2026 EPS to $3.05 from $2.68 and FY2027 EPS to $3.26 from $3.11. It also increased forecasts for FY2028–FY2030, pointing to improved expectations for Allient’s earnings growth. Northland estimates
• Neutral Sentiment: A report said short interest totaled zero shares, which would indicate little reported bearish positioning; however, its description of a “large increase” conflicts with the zero-share figure, making the data difficult to interpret.
• Negative Sentiment: JPMorgan cut its price target to $110 from $120 and kept a neutral rating. The new target still implies upside from the cited $84.63 price, but the reduction may temper sentiment. Report on JPMorgan’s price-target change

About Allient

Allient Inc. designs and manufactures precision and specialty motion-control and power solutions. Its products include motors, gear motors, motion controllers, drives, encoders, actuators and integrated systems that help equipment move and operate with precision. The company serves a range of markets, including medical, aerospace and defense, industrial automation, robotics, transportation and energy. Allient operates internationally, with customers and operations across North America, Europe and Asia.