Northland Securities Downgrades Allient (NASDAQ:ALNT) to Market Perform

Northland Securities cut shares of Allient (NASDAQ:ALNT - Free Report) from an outperform rating to a market perform rating in a research note released on Monday, Marketbeat reports.

Separately, Northland Capmk upgraded Allient from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 11th.

Allient Price Performance

ALNT stock traded up $2.12 during trading on Monday, hitting $28.98. 244,343 shares of the company's stock traded hands, compared to its average volume of 115,211. The business has a fifty day simple moving average of $22.36 and a 200 day simple moving average of $23.66. Allient has a 52 week low of $16.91 and a 52 week high of $30.94. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.18 and a current ratio of 4.10. The stock has a market capitalization of $491.15 million, a price-to-earnings ratio of 32.93 and a beta of 1.39.

Allient (NASDAQ:ALNT - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.33 by $0.13. Allient had a return on equity of 10.80% and a net margin of 2.64%. The company had revenue of $134.62 million during the quarter, compared to analyst estimates of $125.00 million. As a group, research analysts expect that Allient will post 1.43 EPS for the current fiscal year.

Allient Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.12 annualized dividend and a dividend yield of 0.41%. Allient's dividend payout ratio (DPR) is presently 15.00%.

Institutional Investors Weigh In On Allient

Several hedge funds and other institutional investors have recently modified their holdings of the business. Deutsche Bank AG grew its position in Allient by 2.9% in the 1st quarter. Deutsche Bank AG now owns 18,221 shares of the company's stock valued at $400,000 after acquiring an additional 520 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Allient by 26.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 91,033 shares of the company's stock worth $2,001,000 after purchasing an additional 18,854 shares during the last quarter. Vanguard Group Inc. increased its stake in Allient by 7.7% in the 1st quarter. Vanguard Group Inc. now owns 908,965 shares of the company's stock worth $19,979,000 after buying an additional 65,061 shares during the period. Seizert Capital Partners LLC purchased a new position in shares of Allient during the first quarter worth approximately $3,312,000. Finally, Diamond Hill Capital Management Inc. raised its stake in shares of Allient by 0.3% during the first quarter. Diamond Hill Capital Management Inc. now owns 192,048 shares of the company's stock valued at $4,221,000 after acquiring an additional 511 shares in the last quarter. 61.57% of the stock is currently owned by hedge funds and other institutional investors.

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.