Allient Inc. (NASDAQ:ALNT) Stock Has Average Price Target of $84.00

by · The Markets Daily

Allient Inc. (NASDAQ:ALNT – Get Free Report) has earned a consensus rating of “Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $84.00.

A number of equities research analysts recently commented on ALNT shares. Wall Street Zen lowered shares of Allient from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 19th. Zacks Research upgraded Allient from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. JPMorgan Chase & Co. boosted their target price on Allient from $95.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Finally, Weiss Ratings cut shares of Allient from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, September 21st.

Read Our Latest Analysis on Allient

Insiders Place Their Bets

In other Allient news, CEO Richard Warzala sold 70,000 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $113.58, for a total transaction of $7,950,600.00. Following the completion of the transaction, the chief executive officer owned 1,499,106 shares of the company’s stock, valued at approximately $170,268,459.48. This trade represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 15.00% of the stock is currently owned by insiders.

Institutional Trading of Allient

A number of hedge funds have recently made changes to their positions in ALNT. Tidal Investments LLC bought a new stake in Allient in the second quarter worth $280,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Allient during the second quarter valued at approximately $721,000. Round Rock Advisors LLC increased its position in shares of Allient by 8.2% during the second quarter. Round Rock Advisors LLC now owns 24,086 shares of the company’s stock valued at $2,479,000 after acquiring an additional 1,822 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Allient in the 2nd quarter worth approximately $3,181,000. Finally, Navellier & Associates Inc. increased its holdings in shares of Allient by 158.7% in the 2nd quarter. Navellier & Associates Inc. now owns 17,975 shares of the company’s stock worth $1,850,000 after purchasing an additional 11,027 shares in the last quarter. 61.57% of the stock is owned by institutional investors.

Allient Stock Performance

Shares of NASDAQ ALNT opened at $113.33 on Thursday. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 66.67 and a beta of 1.58. Allient has a 1-year low of $42.42 and a 1-year high of $121.42. The stock’s 50-day moving average is $102.30 and its 200 day moving average is $86.64. The company has a current ratio of 3.42, a quick ratio of 1.95 and a debt-to-equity ratio of 0.56.

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, beating 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 company had revenue of $153.77 million during the quarter, compared to analysts’ expectations of $145.68 million. On average, sell-side analysts anticipate that Allient will post 2.73 EPS for the current fiscal year.

Allient Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th were given a $0.04 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.16 annualized dividend and a dividend yield of 0.1%. Allient’s dividend payout ratio is currently 9.41%.

About Allient

(Get Free Report)

Allient Inc (NASDAQ: ALNT) is a global manufacturer of precision and specialty motion-control products. The company designs and produces motors, motion controllers, drives, servo systems, electromechanical assemblies, and related components used to control movement and power in complex equipment.

Allient serves a range of markets, including medical equipment, aerospace and defense, industrial automation, robotics, vehicle systems, and other demanding applications. Its products are used in areas such as surgical and diagnostic equipment, factory automation, unmanned systems, and precision machinery.

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