Allient (NASDAQ:ALNT) Sets New 1-Year High - Time to Buy?

Allient Inc. (NASDAQ:ALNT - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $35.57 and last traded at $35.39, with a volume of 15234 shares trading hands. The stock had previously closed at $34.61.

Analyst Ratings Changes

ALNT has been the subject of several research reports. Northland Securities set a $35.00 price objective on Allient in a research report on Monday, May 5th. Northland Capmk cut Allient from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 5th.

Allient Stock Down 2.4%

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 has a market capitalization of $592.72 million, a P/E ratio of 59.34 and a beta of 1.47. The firm has a 50-day moving average price of $28.98 and a two-hundred day moving average price of $25.91.

Allient (NASDAQ:ALNT - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.13. The company had revenue of $134.62 million during the quarter, compared to analysts' expectations of $125.00 million. Allient had a return on equity of 8.45% and a net margin of 1.90%. Equities research analysts anticipate that Allient Inc. 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 Thursday, June 5th. Investors of record on Thursday, May 22nd were given a $0.03 dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.12 annualized dividend and a yield of 0.34%. Allient's dividend payout ratio (DPR) is currently 20.34%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. New York State Teachers Retirement System bought a new position in Allient in the fourth quarter worth $32,000. Hurley Capital LLC bought a new position in Allient in the fourth quarter worth $38,000. Public Employees Retirement System of Ohio bought a new position in Allient in the fourth quarter worth $41,000. CWM LLC lifted its position in Allient by 105.2% in the first quarter. CWM LLC now owns 1,890 shares of the company's stock worth $42,000 after purchasing an additional 969 shares during the period. Finally, GAMMA Investing LLC bought a new position in Allient in the first quarter worth $60,000. 61.57% of the stock is owned by 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.