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

Allient Inc. (NASDAQ:ALNT - Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $40.29 and last traded at $39.55, with a volume of 167787 shares trading hands. The stock had previously closed at $39.11.

Analyst Ratings Changes

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

Allient Trading Up 0.7%

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 firm's 50-day simple moving average is $34.22 and its 200 day simple moving average is $27.37. The stock has a market capitalization of $673.22 million, a P/E ratio of 67.40 and a beta of 1.51.

Allient (NASDAQ:ALNT - Get Free Report) last issued 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. The firm had revenue of $134.62 million for the quarter, compared to analysts' expectations of $125.00 million. Allient had a net margin of 1.90% and a return on equity of 8.45%. Equities research analysts anticipate that Allient Inc. will post 1.43 EPS for the current fiscal year.

Allient Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Thursday, May 22nd were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Thursday, May 22nd. Allient's dividend payout ratio is presently 20.34%.

Institutional Trading of Allient

A number of hedge funds have recently bought and sold shares of the company. Nuveen LLC purchased a new stake in Allient during the first quarter valued at about $47,025,000. Vanguard Group Inc. lifted its position in shares of Allient by 7.7% in the first quarter. Vanguard Group Inc. now owns 908,965 shares of the company's stock worth $19,979,000 after purchasing an additional 65,061 shares in the last quarter. Juniper Investment Company LLC lifted its position in shares of Allient by 14.6% in the fourth quarter. Juniper Investment Company LLC now owns 869,149 shares of the company's stock worth $21,103,000 after purchasing an additional 110,497 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Allient by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 702,254 shares of the company's stock worth $17,051,000 after purchasing an additional 3,326 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Allient by 8.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 442,335 shares of the company's stock worth $9,731,000 after purchasing an additional 36,142 shares in the last quarter. 61.57% of the stock is 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.