Allient (NASDAQ:ALNT) Sets New 12-Month High - Should You Buy?

Allient Inc. (NASDAQ:ALNT - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $33.12 and last traded at $32.92, with a volume of 51039 shares changing hands. The stock had previously closed at $31.90.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Northland Capmk cut Allient from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 5th. Northland Securities set a $35.00 price target on Allient in a research note on Monday, May 5th.

Allient Stock Down 1.4%

The company has a market capitalization of $580.33 million, a P/E ratio of 38.95 and a beta of 1.47. The company has a current ratio of 4.10, a quick ratio of 2.18 and a debt-to-equity ratio of 0.85. The stock has a 50 day moving average price of $26.26 and a 200 day moving average price of $25.32.

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

Allient Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Thursday, May 22nd were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.35%. The ex-dividend date was Thursday, May 22nd. Allient's dividend payout ratio is currently 20.34%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. New York State Teachers Retirement System bought a new position in Allient during the 4th quarter worth $32,000. Hurley Capital LLC acquired a new stake in Allient during the 4th quarter worth about $38,000. Public Employees Retirement System of Ohio bought a new position in shares of Allient in the 4th quarter worth about $41,000. CWM LLC raised its position in shares of Allient by 105.2% in the 1st quarter. CWM LLC now owns 1,890 shares of the company's stock worth $42,000 after acquiring an additional 969 shares in the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of Allient in the 1st quarter worth about $60,000. 61.57% of the stock is owned by institutional investors.

About Allient

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.