Allient (NASDAQ:ALNT - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Saturday.
Several other analysts have also commented on the stock. Macquarie Infrastructure set a $80.00 target price on shares of Allient in a research note on Tuesday, May 26th. Jefferies Financial Group set a $80.00 price target on Allient in a report on Tuesday, May 26th. Roth Capital reaffirmed a "buy" rating and issued a $70.00 price target on shares of Allient in a report on Friday, May 8th. JPMorgan Chase & Co. increased their price objective on Allient from $95.00 to $120.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Weiss Ratings raised Allient from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $84.00.
Read Our Latest Stock Analysis on ALNT
Allient Price Performance
Shares of NASDAQ ALNT opened at $112.81 on Friday. Allient has a twelve month low of $40.49 and a twelve month high of $117.48. The company has a current ratio of 3.42, a quick ratio of 2.15 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 66.36 and a beta of 1.61. The firm has a 50-day moving average of $91.18 and a two-hundred day moving average of $74.73.
Allient (NASDAQ:ALNT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.19. The company had revenue of $153.77 million for the quarter, compared to analysts' expectations of $145.68 million. Allient had a net margin of 4.98% and a return on equity of 13.55%. As a group, analysts expect that Allient will post 2.47 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Allient
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Allient during the 2nd quarter valued at $128,774,000. Vanguard Group Inc. boosted its position in Allient by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 1,011,253 shares of the company's stock valued at $54,355,000 after purchasing an additional 26,438 shares during the last quarter. State Street Corp grew its stake in Allient by 32.5% in the fourth quarter. State Street Corp now owns 392,261 shares of the company's stock valued at $21,084,000 after purchasing an additional 96,264 shares in the last quarter. Geode Capital Management LLC grew its stake in Allient by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 368,486 shares of the company's stock valued at $19,808,000 after purchasing an additional 10,173 shares in the last quarter. Finally, Jennison Associates LLC increased its position in Allient by 111.5% in the 1st quarter. Jennison Associates LLC now owns 353,430 shares of the company's stock worth $20,884,000 after purchasing an additional 186,316 shares during the last quarter. Hedge funds and other institutional investors own 61.57% of the company's stock.
Allient Company Profile
(
Get Free Report)
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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