Allient Inc. (NASDAQ:ALNT - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $40.39 and last traded at $39.76, with a volume of 161271 shares. The stock had previously closed at $39.50.
Analyst Ratings Changes
A number of brokerages recently commented on ALNT. Northland Securities set a $35.00 price objective on shares of Allient in a research report on Monday, May 5th. Northland Capmk downgraded Allient from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 5th.
Get Our Latest Analysis on Allient
Allient Price Performance
The firm has a market cap of $664.60 million, a price-to-earnings ratio of 66.54 and a beta of 1.51. The company has a quick ratio of 2.35, a current ratio of 4.03 and a debt-to-equity ratio of 0.81. The company's fifty day moving average is $34.44 and its 200 day moving average is $27.52.
Allient (NASDAQ:ALNT - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.13. Allient had a net margin of 1.90% and a return on equity of 8.45%. The business had revenue of $134.62 million during the quarter, compared to analysts' expectations of $125.00 million. On average, equities research analysts predict that Allient Inc. will post 1.43 EPS for the current year.
Allient Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Thursday, May 22nd were paid a $0.03 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $0.12 annualized dividend and a dividend yield of 0.31%. Allient's payout ratio is 20.34%.
Institutional Investors Weigh In On Allient
A number of institutional investors and hedge funds have recently modified their holdings of the company. Nuveen LLC bought a new position in shares of Allient in the first quarter worth approximately $47,025,000. Vanguard Group Inc. boosted its holdings in shares of Allient by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 908,965 shares of the company's stock valued at $19,979,000 after buying an additional 65,061 shares in the last quarter. Juniper Investment Company LLC raised its position in shares of Allient by 14.6% in the 4th quarter. Juniper Investment Company LLC now owns 869,149 shares of the company's stock worth $21,103,000 after purchasing an additional 110,497 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Allient by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 702,254 shares of the company's stock worth $17,051,000 after purchasing an additional 3,326 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Allient by 8.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 442,335 shares of the company's stock worth $9,731,000 after purchasing an additional 36,142 shares during the last quarter. 61.57% of the stock is owned by hedge funds and other institutional investors.
About Allient
(
Get Free Report)
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.
Further Reading
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