Allient Inc. (NASDAQ:ALNT) Given Average Rating of “Buy” by Analysts

Shares of Allient Inc. (NASDAQ:ALNT) have been assigned a consensus rating of “Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $84.00.

Several equities analysts recently commented on the company. Weiss Ratings upgraded Allient from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, August 17th. Zacks Research upgraded Allient from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Wall Street Zen upgraded Allient from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Jefferies Financial Group set a $80.00 target price on shares of Allient in a report on Tuesday, May 26th. Finally, Macquarie Infrastructure set a $80.00 price target on shares of Allient in a research report on Tuesday, May 26th.

Insiders Place Their Bets

In related news, CEO Richard Warzala sold 70,000 shares of Allient stock in a transaction on Monday, August 10th. The shares were sold at an average price of $113.58, for a total value of $7,950,600.00. Following the sale, the chief executive officer owned 1,499,106 shares in the company, valued at $170,268,459.48. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 15.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in shares of Allient by 19.8% during the first quarter. Royal Bank of Canada now owns 111,570 shares of the company’s stock valued at $2,453,000 after buying an additional 18,416 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Allient by 8.0% in the 1st quarter. AQR Capital Management LLC now owns 53,661 shares of the company’s stock worth $1,179,000 after purchasing an additional 3,979 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Allient by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,736 shares of the company’s stock worth $192,000 after purchasing an additional 390 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Allient by 8.1% in the first quarter. Empowered Funds LLC now owns 46,044 shares of the company’s stock worth $1,012,000 after purchasing an additional 3,458 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Allient by 9.9% in the first quarter. Jane Street Group LLC now owns 18,379 shares of the company’s stock worth $404,000 after purchasing an additional 1,663 shares during the last quarter. 61.57% of the stock is owned by hedge funds and other institutional investors.

Allient Trading Up 4.9%

Shares of ALNT opened at $94.62 on Friday. The firm has a market cap of $1.61 billion, a P/E ratio of 55.66 and a beta of 1.62. Allient has a fifty-two week low of $41.75 and a fifty-two week high of $118.67. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.95 and a current ratio of 3.42. The business has a 50-day moving average of $94.41 and a 200 day moving average of $79.86.

Allient (NASDAQ:ALNT) last issued its earnings results on Wednesday, August 5th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.19. Allient had a net margin of 4.98% and a return on equity of 13.55%. The firm had revenue of $153.77 million during the quarter, compared to analyst estimates of $145.68 million. As a group, research analysts forecast that Allient will post 2.73 EPS for the current year.

Allient Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, August 19th. Allient’s dividend payout ratio is 9.41%.

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.