Allient Inc. (NASDAQ:ALNT) Given Consensus Rating of "Hold" by Analysts

Key Points

• Consensus "Hold" — Seven analysts give Allient a consensus rating of "Hold" (four hold, three buy) with a 12‑month average price target of $63.60; recent notes include Roth raising its target to $69 and Lake Street and Craig Hallum issuing "Buy" ratings with $79 and $75 targets respectively.
• Institutional interest and recent beat — Hedge funds own 61.57% of the stock with notable new positions (e.g., Portolan $11.53M), Allient trades near $64.70 with a $1.10B market cap, and it posted Q results that beat estimates (EPS $0.55 vs. $0.46; revenue $143.35M vs. $133.33M) while paying a small dividend (annualized $0.12, ~0.2% yield).

Shares of Allient Inc. (NASDAQ:ALNT - Get Free Report) have earned a consensus rating of "Hold" from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $63.60.

A number of equities research analysts recently issued reports on ALNT shares. Zacks Research downgraded shares of Allient from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 1st. Roth Mkm upped their price target on shares of Allient from $56.00 to $69.00 and gave the company a "buy" rating in a research note on Monday, March 16th. Lake Street Capital started coverage on shares of Allient in a research note on Wednesday, February 18th. They set a "buy" rating and a $79.00 price target on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Allient in a research note on Wednesday, January 21st. Finally, Craig Hallum reaffirmed 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

Large investors have recently made changes to their positions in the company. Principal Financial Group Inc. purchased a new position in shares of Allient during the 3rd quarter worth about $647,000. Tudor Investment Corp ET AL purchased a new position in shares of Allient during the 3rd quarter worth about $3,196,000. Handelsbanken Fonder AB purchased a new position in shares of Allient during the 3rd quarter worth about $5,888,000. Assenagon Asset Management S.A. purchased a new position in shares of Allient during the 3rd quarter worth about $495,000. Finally, Portolan Capital Management LLC purchased a new position in shares of Allient during the 3rd quarter worth about $11,530,000. 61.57% of the stock is owned by hedge funds and other institutional investors.

Allient Price Performance

Allient stock opened at $64.70 on Thursday. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 49.02 and a beta of 1.53. The firm's fifty day moving average is $63.81 and its 200 day moving average is $57.07. The company has a quick ratio of 2.08, a current ratio of 3.66 and a debt-to-equity ratio of 0.60. Allient has a 52-week low of $19.61 and a 52-week high of $70.00.

Allient (NASDAQ:ALNT - Get Free Report) last released its quarterly earnings results on Thursday, March 5th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.09. The company had revenue of $143.35 million for the quarter, compared to the consensus estimate of $133.33 million. Allient had a net margin of 3.97% and a return on equity of 12.53%. Sell-side analysts forecast that Allient will post 1.43 EPS for the current fiscal year.

Allient Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 3rd. Stockholders of record on Friday, March 20th were paid a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 20th. This represents a $0.12 annualized dividend and a dividend yield of 0.2%. Allient's dividend payout ratio is currently 9.09%.

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.

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