Allient (NASDAQ:ALNT) Reaches New 1-Year High - What's Next?

Key Points

• Allient (NASDAQ:ALNT) hit a new 52-week high of $71.18 (last $71.245) on Friday with about 28,961 shares traded and a market cap near $1.22 billion.
• The company beat expectations with $0.55 EPS and $143.35M revenue for the quarter, but analysts are mixed — three Buys and four Holds result in a consensus Hold rating and an average price target of $63.60, below the current share price despite some $75–$79 targets.
• Allient shows strong liquidity (quick ratio 2.08, current ratio 3.66), a high PE of 54.23, a small quarterly dividend ($0.03, 0.2% yield), and substantial institutional ownership (61.57%), factors likely to affect near-term investor sentiment.

Allient Inc. (NASDAQ:ALNT - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $71.18 and last traded at $71.2450, with a volume of 28961 shares. The stock had previously closed at $68.82.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ALNT shares. Roth Mkm lifted their price objective on shares of Allient from $56.00 to $69.00 and gave the stock a "buy" rating in a research note on Monday, March 16th. Weiss Ratings reiterated a "hold (c)" rating on shares of Allient in a research note on Wednesday, January 21st. Zacks Research downgraded shares of Allient from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 1st. Craig Hallum reiterated a "buy" rating and set a $75.00 price objective on shares of Allient in a research note on Monday, March 9th. Finally, 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 objective for the company. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $63.60.

Allient Stock Up 4.0%

The company has a quick ratio of 2.08, a current ratio of 3.66 and a debt-to-equity ratio of 0.60. The stock has a market cap of $1.22 billion, a PE ratio of 54.23 and a beta of 1.53. The business has a 50 day moving average price of $63.96 and a 200 day moving average price of $57.15.

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

Allient Dividend Announcement

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 dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, March 20th. Allient's dividend payout ratio is presently 9.09%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in 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 acquiring an additional 26,438 shares during the last quarter. State Street Corp grew its stake in shares of Allient by 32.5% in the 4th quarter. State Street Corp now owns 392,261 shares of the company's stock valued at $21,084,000 after buying an additional 96,264 shares during the period. Geode Capital Management LLC grew its stake in shares of Allient by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 368,486 shares of the company's stock valued at $19,808,000 after buying an additional 10,173 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Allient by 20.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 290,696 shares of the company's stock valued at $13,009,000 after buying an additional 49,384 shares during the period. Finally, Portolan Capital Management LLC purchased a new stake in shares of Allient in the 3rd quarter valued at approximately $11,530,000. Institutional investors and hedge funds own 61.57% of the company's stock.

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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