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

Shares of Allient Inc. (NASDAQ:ALNT) have received a consensus rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $50.3333.

ALNT has been the topic of several recent analyst reports. Zacks Research lowered shares of Allient from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Roth Mkm boosted their target price on Allient from $49.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, November 14th. Weiss Ratings restated a “hold (c)” rating on shares of Allient in a research note on Wednesday, January 21st. Finally, Lake Street Capital started coverage on Allient in a research note on Wednesday. They issued a “buy” rating for the company.

Insiders Place Their Bets

In other Allient news, VP Ashish Bendre sold 16,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $52.25, for a total transaction of $836,000.00. Following the sale, the vice president directly owned 23,166 shares in the company, valued at $1,210,423.50. This represents a 40.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 14.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Allient

Several large investors have recently bought and sold shares of the stock. Arax Advisory Partners raised its holdings in Allient by 113.9% during the fourth quarter. Arax Advisory Partners now owns 494 shares of the company’s stock worth $27,000 after purchasing an additional 263 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Allient in the 3rd quarter valued at $34,000. Cullen Frost Bankers Inc. grew its position in shares of Allient by 173.0% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 999 shares of the company’s stock valued at $36,000 after buying an additional 633 shares during the last quarter. Larson Financial Group LLC raised its stake in 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 acquiring an additional 413 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in Allient in the third quarter valued at $41,000. Hedge funds and other institutional investors own 61.57% of the company’s stock.

Allient Stock Down 1.0%

Shares of ALNT opened at $65.98 on Wednesday. The company has a current ratio of 3.53, a quick ratio of 2.01 and a debt-to-equity ratio of 0.65. The firm has a market cap of $1.12 billion, a P/E ratio of 58.91 and a beta of 1.53. The company’s 50-day moving average price is $59.75 and its 200 day moving average price is $52.43. Allient has a 12-month low of $19.25 and a 12-month high of $70.00.

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.