Allient Inc. (NASDAQ:ALNT) Receives Average Rating of "Buy" from Analysts

Key Points

• Analysts are bullish on Allient: Five analysts rate the stock “Buy” and one rates it “Strong Buy,” with an average 12-month price target of $84.
• Allient exceeded quarterly expectations, reporting $0.80 in EPS versus the $0.61 consensus estimate and revenue of $153.77 million versus $145.68 million expected.
• Insider ownership remains significant at 15%, although CEO Richard Warzala recently sold 70,000 shares for approximately $7.95 million. Institutional investors own 61.57% of the company.

Allient Inc. (NASDAQ:ALNT - Get Free Report) has received an average rating of "Buy" from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $84.00.

A number of brokerages have commented on ALNT. Zacks Research raised Allient from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Wall Street Zen raised shares of Allient from a "hold" rating to a "strong-buy" rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. upped their price objective on shares of Allient from $95.00 to $120.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Weiss Ratings raised shares of Allient from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, August 17th. Finally, Jefferies Financial Group set a $80.00 price objective on shares of Allient in a report on Tuesday, May 26th.

Insider Activity at Allient

In other news, CEO Richard Warzala sold 70,000 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $113.58, for a total value of $7,950,600.00. Following the transaction, the chief executive officer owned 1,499,106 shares in the company, valued at $170,268,459.48. This trade represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 15.00% of the stock is currently owned by company insiders.

Institutional Trading of Allient

Several institutional investors have recently made changes to their positions in ALNT. Meeder Asset Management Inc. bought a new position in shares of Allient during the 2nd quarter worth approximately $25,000. Arax Advisory Partners grew its stake in Allient by 113.9% in the 4th quarter. Arax Advisory Partners now owns 494 shares of the company's stock valued at $27,000 after purchasing an additional 263 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Allient during the 3rd quarter valued at $34,000. Larson Financial Group LLC boosted its holdings in shares of Allient by 149.1% in the 4th quarter. Larson Financial Group LLC now owns 690 shares of the company's stock worth $37,000 after buying an additional 413 shares during the last quarter. Finally, Kilter Group LLC purchased a new stake in Allient during the second quarter worth about $37,000. Institutional investors own 61.57% of the company's stock.

Allient Price Performance

ALNT stock opened at $94.62 on Friday. The company has a market capitalization of $1.61 billion, a P/E ratio of 55.66 and a beta of 1.62. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.95 and a current ratio of 3.42. Allient has a 52-week low of $41.75 and a 52-week high of $118.67. The company has a fifty day moving average price of $94.41 and a 200-day moving average price of $79.86.

Allient (NASDAQ:ALNT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.19. Allient had a net margin of 4.98% and a return on equity of 13.55%. The firm had revenue of $153.77 million for the quarter, compared to the consensus estimate of $145.68 million. As a group, equities analysts expect that Allient will post 2.73 EPS for the current year.

Allient Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were paid a dividend of $0.04 per share. The ex-dividend date was Wednesday, August 19th. This represents a $0.16 dividend on an annualized basis and a yield of 0.2%. Allient's payout ratio is 9.41%.

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.

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