Allient Inc. (NASDAQ:ALNT - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $118.67 and last traded at $113.97, with a volume of 298702 shares trading hands. The stock had previously closed at $113.03.
More Allient News
Here are the key news stories impacting Allient this week:
- Positive Sentiment: Northland Securities raised its earnings forecasts across multiple periods. The firm increased its FY2026 EPS estimate to $2.68 from $2.46, FY2027 to $3.11 from $2.93, FY2028 to $3.54 from $3.28, and FY2030 to $4.17 from $3.72. It also lifted estimates for Q3 2026, Q2 2027 and Q3 2027. The broad-based revisions signal improving expectations for Allient’s earnings growth. Q4 EPS Estimates for Allient Raised by Northland Securities
- Positive Sentiment: Allient’s price target was raised to $120. The increase from Northland Securities provides a positive valuation signal and suggests additional potential upside relative to recent trading levels. Allient Price Target Raised to $120
- Positive Sentiment: The company recently exceeded quarterly expectations. Allient reported $0.80 in earnings per share versus the $0.61 consensus estimate and revenue of $153.77 million versus expectations of $145.68 million. The earnings and revenue beats likely reinforced the subsequent analyst upgrades.
- Neutral Sentiment: Options activity has attracted investor attention. A Zacks report highlights unusual or notable movements in Allient’s options market, but the available information does not establish whether traders are positioning for a rise or decline. Options Trading Activity at Allient
- Neutral Sentiment: Short-interest data does not show meaningful bearish positioning. The report lists zero shares sold short and a zero-day days-to-cover ratio, but the “increase” figure is invalid because the prior period also showed zero shares. This appears more likely to be a reporting issue than a substantive trading signal.
Analysts Set New Price Targets
ALNT has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Allient from $95.00 to $120.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Roth Capital reiterated a "buy" rating and set a $70.00 target price on shares of Allient in a research note on Friday, May 8th. Macquarie Infrastructure set a $80.00 price target on shares of Allient in a report on Tuesday, May 26th. Jefferies Financial Group set a $80.00 price objective on shares of Allient in a report on Tuesday, May 26th. Finally, Wall Street Zen raised shares of Allient from a "hold" rating to a "strong-buy" rating in a research report on Saturday. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $84.00.
Read Our Latest Stock Report on ALNT
Allient Price Performance
The company has a market cap of $1.94 billion, a price-to-earnings ratio of 67.04 and a beta of 1.61. The company has a fifty day moving average price of $92.35 and a two-hundred day moving average price of $75.55. The company has a current ratio of 3.42, a quick ratio of 1.95 and a debt-to-equity ratio of 0.56.
Allient (NASDAQ:ALNT - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.19. The business had revenue of $153.77 million for the quarter, compared to analysts' expectations of $145.68 million. Allient had a return on equity of 13.55% and a net margin of 4.98%. As a group, equities research analysts anticipate that Allient Inc. will post 2.64 EPS for the current fiscal year.
Allient Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, August 19th. Allient's payout ratio is 9.41%.
Hedge Funds Weigh In On Allient
A number of hedge funds have recently made changes to their positions in ALNT. Tulsa Wealth Advisors INC acquired a new position in Allient in the fourth quarter worth about $659,000. Jennison Associates LLC acquired a new stake in Allient during the fourth quarter valued at approximately $8,982,000. Sei Investments Co. boosted its holdings in Allient by 87.9% during the first quarter. Sei Investments Co. now owns 55,424 shares of the company's stock valued at $3,275,000 after purchasing an additional 25,935 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Allient by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 1,011,253 shares of the company's stock valued at $54,355,000 after purchasing an additional 26,438 shares during the period. Finally, Zweig DiMenna Associates LLC bought a new stake in shares of Allient in the 1st quarter valued at approximately $2,777,000. Institutional investors and hedge funds own 61.57% of the company's stock.
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.
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