Wall Street Zen Upgrades Allient (NASDAQ:ALNT) to “Strong-Buy”

Allient (NASDAQ:ALNT) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “strong-buy” rating in a note issued to investors on Saturday.

ALNT has been the topic of a number of other research reports. Macquarie Infrastructure set a $80.00 price target on Allient in a research note on Tuesday, May 26th. JPMorgan Chase & Co. boosted their price objective on Allient from $95.00 to $120.00 and gave the company an “overweight” rating in a research note on Friday. Weiss Ratings raised Allient from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Roth Capital restated a “buy” rating and set a $70.00 target price on shares of Allient in a research report on Friday, May 8th. Finally, Jefferies Financial Group set a $80.00 target price on shares of Allient in a research report on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.00.

Allient Stock Performance

Shares of ALNT stock opened at $112.81 on Friday. The stock’s 50-day moving average is $91.18 and its two-hundred day moving average is $74.82. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 66.36 and a beta of 1.61. Allient has a 1 year low of $40.49 and a 1 year high of $117.48. 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 (NASDAQ:ALNT) last posted its earnings results on Wednesday, August 5th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.19. Allient had a return on equity of 13.55% and a net margin of 4.98%.The business had revenue of $153.77 million for the quarter, compared to analysts’ expectations of $145.68 million. Analysts predict that Allient will post 2.47 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL acquired a new stake in shares of Allient during the third quarter worth $3,196,000. Tulsa Wealth Advisors INC purchased a new position in Allient during the 4th quarter worth $659,000. Jennison Associates LLC acquired a new stake in shares of Allient in the 4th quarter worth $8,982,000. Vanguard Group Inc. lifted its stake in shares of Allient by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 1,011,253 shares of the company’s stock worth $54,355,000 after acquiring an additional 26,438 shares during the period. Finally, Sei Investments Co. boosted its holdings 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 in the last quarter. 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.