Oliver Luxxe Assets LLC Sells 18,143 Shares of Allient Inc. $ALNT

Oliver Luxxe Assets LLC lowered its position in shares of Allient Inc. (NASDAQ:ALNT) by 36.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,276 shares of the company’s stock after selling 18,143 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Allient were worth $3,219,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ALNT. Bank of America Corp DE boosted its position in Allient by 3.3% in the first quarter. Bank of America Corp DE now owns 33,389 shares of the company’s stock valued at $1,973,000 after buying an additional 1,079 shares in the last quarter. Smith Group Asset Management LLC bought a new stake in Allient during the first quarter worth about $450,000. EverSource Wealth Advisors LLC increased its holdings in shares of Allient by 5,102.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,289 shares of the company’s stock worth $135,000 after buying an additional 2,245 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of Allient by 10.3% during the first quarter. Quantinno Capital Management LP now owns 11,701 shares of the company’s stock worth $691,000 after buying an additional 1,088 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Allient by 87.9% in the first quarter. Sei Investments Co. now owns 55,424 shares of the company’s stock valued at $3,275,000 after acquiring an additional 25,935 shares during the last quarter. 61.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ALNT. Wall Street Zen upgraded Allient from a “hold” rating to a “strong-buy” rating in a research report on Saturday. JPMorgan Chase & Co. lifted their price objective on Allient from $95.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday. Roth Capital reissued a “buy” rating and issued a $70.00 price objective on shares of Allient in a research note on Friday, May 8th. Jefferies Financial Group set a $80.00 target price on Allient in a report on Tuesday, May 26th. Finally, Macquarie Infrastructure set a $80.00 target price on Allient in a research note on Tuesday, May 26th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Allient has a consensus rating of “Moderate Buy” and an average price target of $84.00.

Allient Price Performance

Shares of ALNT stock opened at $112.81 on Friday. Allient Inc. has a 1 year low of $40.49 and a 1 year high of $117.48. The firm’s 50 day moving average is $91.18 and its 200-day moving average is $74.73. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 66.36 and a beta of 1.61. The company has a current ratio of 3.42, a quick ratio of 2.15 and a debt-to-equity ratio of 0.56.

Allient (NASDAQ:ALNT) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.80 earnings per share 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 business had revenue of $153.77 million during the quarter, compared to analyst estimates of $145.68 million. Sell-side analysts forecast that Allient Inc. will post 2.47 EPS for the current fiscal year.

Allient Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, August 19th. Allient’s dividend payout ratio (DPR) is presently 9.41%.

Key Allient News

Here are the key news stories impacting Allient this week:

• Positive Sentiment: Strong Q2 results and growth outlook: Allient reported quarterly EPS of $0.80 versus the $0.61 consensus estimate and revenue of $153.77 million, above expectations of $145.68 million. A post-earnings review highlighted data-center growth, a shift toward higher-value businesses and operating discipline as key drivers. ALNT Q2 deep dive: Data center growth, portfolio shift, and operating discipline drive results
• Positive Sentiment: Estimates raised: Northland Securities increased its EPS forecasts for Q4 2026 to $0.66 from $0.64, Q1 2027 to $0.74 from $0.70, Q4 2027 to $0.78 from $0.72, and fiscal 2029 to $3.90 from $3.56. The revisions suggest analysts expect earnings growth to continue beyond the recent beat.
• Positive Sentiment: More bullish Wall Street view: JPMorgan raised its price target from $95 to $120 and maintained an Overweight rating. Wall Street Zen also upgraded Allient to Strong Buy, adding to the positive sentiment following the earnings release. JPMorgan raises Allient price target
• Neutral Sentiment: Valuation and analyst caution: Northland Securities initiated or reiterated a Hold rating despite lifting its earnings estimates. With ALNT trading near its one-year high at roughly 66 times earnings, the updated $120 JPMorgan target implies relatively limited additional upside from the reported trading level.

Allient 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.