Allient (NASDAQ:ALNT) Stock Price Down 4.8% - Here's Why

Key Points

• Stock slipped 4.8% to about $69.33 during mid-day trading on Monday on light volume (41,956 shares, down ~76% from the average session volume).
• Analyst sentiment is mixed — three Buy and four Hold ratings leave a consensus rating of "Hold" with a consensus target of $63.60, though some firms have higher targets in the $69–$79 range.
• Allient recently reported an earnings beat (EPS $0.55 vs. $0.46 expected) and revenue of $143.35M, while the company carries a $1.18B market cap, a P/E of 52.9, and a small quarterly dividend of $0.03 (≈0.2% yield).

Allient Inc. (NASDAQ:ALNT - Get Free Report) traded down 4.8% during mid-day trading on Monday . The company traded as low as $69.62 and last traded at $69.3280. 41,956 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 171,359 shares. The stock had previously closed at $72.85.

Wall Street Analyst Weigh In

ALNT has been the subject of several analyst reports. Roth Mkm raised their target price on shares of Allient from $56.00 to $69.00 and gave the company a "buy" rating in a research note on Monday, March 16th. Zacks Research cut shares of Allient from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 1st. Craig Hallum reissued a "buy" rating and issued a $75.00 target price on shares of Allient in a research note on Monday, March 9th. Lake Street Capital initiated coverage on shares of Allient in a research note on Wednesday, February 18th. They issued a "buy" rating and a $79.00 target price for the company. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Allient in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $63.60.

Allient Stock Performance

The company has a debt-to-equity ratio of 0.60, a current ratio of 3.66 and a quick ratio of 2.08. The stock has a market capitalization of $1.18 billion, a P/E ratio of 52.87 and a beta of 1.53. The stock's 50-day simple moving average is $64.20 and its 200 day simple moving average is $57.50.

Allient (NASDAQ:ALNT - Get Free Report) last posted its earnings results on Thursday, March 5th. The company reported $0.55 earnings per share 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 company had revenue of $143.35 million during the quarter, compared to the consensus estimate of $133.33 million. 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 issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Friday, March 20th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.2%. Allient's dividend payout ratio (DPR) is currently 9.09%.

Institutional Investors Weigh In On Allient

Hedge funds and other institutional investors have recently modified their holdings of the company. Arax Advisory Partners lifted its holdings in shares of Allient by 113.9% during the fourth quarter. Arax Advisory Partners now owns 494 shares of the company's stock worth $27,000 after buying an additional 263 shares in the last quarter. Advisory Services Network LLC bought a new stake in Allient during the third quarter worth about $34,000. Larson Financial Group LLC lifted its position in Allient by 149.1% during the fourth quarter. Larson Financial Group LLC now owns 690 shares of the company's stock worth $37,000 after purchasing an additional 413 shares during the period. State of Alaska Department of Revenue bought a new stake in Allient during the third quarter worth about $41,000. Finally, New York State Teachers Retirement System bought a new stake in Allient during the third quarter worth about $58,000. Institutional investors and hedge funds own 61.57% of the company's stock.

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.

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