Roth Mkm Trims Allient (NASDAQ:ALNT) Target Price to $39.00

Allient (NASDAQ:ALNT) had its target price decreased by Roth Mkm from $42.00 to $39.00 in a research report report published on Wednesday morning, Benzinga reports. Roth Mkm currently has a buy rating on the stock.

Separately, Northland Securities reaffirmed a market perform rating and issued a $40.00 price target (down previously from $45.00) on shares of Allient in a research note on Thursday, March 7th.

Allient Stock Up 0.0 %

Shares of Allient stock opened at $26.70 on Wednesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.85 and a current ratio of 3.56. Allient has a 52-week low of $25.12 and a 52-week high of $40.59. The stock has a market capitalization of $448.03 million, a price-to-earnings ratio of 17.68 and a beta of 1.64. The company’s 50 day moving average price is $31.05 and its 200-day moving average price is $29.46.

Allient (NASDAQ:ALNT) last issued its earnings results on Tuesday, March 5th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.30. Allient had a net margin of 4.26% and a return on equity of 15.26%. The firm had revenue of $141.00 million for the quarter, compared to analysts’ expectations of $132.65 million. Equities research analysts forecast that Allient will post 2.02 EPS for the current year.

Allient Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Investors of record on Thursday, May 23rd will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.12 annualized dividend and a yield of 0.45%. Allient’s payout ratio is 7.95%.

Insider Buying and Selling

In other Allient news, VP Ashish Bendre sold 20,382 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $33.89, for a total transaction of $690,745.98. Following the completion of the sale, the vice president now directly owns 36,350 shares in the company, valued at approximately $1,231,901.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Ashish Bendre sold 20,382 shares of Allient stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $33.89, for a total transaction of $690,745.98. Following the transaction, the vice president now directly owns 36,350 shares of the company’s stock, valued at approximately $1,231,901.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Michael R. Leach sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $32.87, for a total value of $164,350.00. Following the completion of the transaction, the chief financial officer now directly owns 82,089 shares in the company, valued at $2,698,265.43. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,382 shares of company stock worth $1,191,296. 15.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Fisher Asset Management LLC bought a new position in shares of Allient during the 4th quarter valued at approximately $1,003,000. Confluence Investment Management LLC purchased a new stake in Allient during the 1st quarter valued at $3,346,000. Allspring Global Investments Holdings LLC purchased a new stake in Allient during the 1st quarter valued at $57,000. Wasatch Advisors LP purchased a new stake in Allient during the 1st quarter valued at $20,914,000. Finally, Mesirow Financial Investment Management Inc. purchased a new stake in Allient during the 1st quarter valued at $288,000. 61.57% of the stock is owned by hedge funds and other institutional investors.

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.