Allient Inc. (NASDAQ:ALNT) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Allient Inc. (NASDAQ:ALNT) have been given an average rating of “Hold” by the six ratings firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $57.50.

ALNT has been the subject of a number of research analyst reports. Lake Street Capital initiated coverage on shares of Allient in a research report on Wednesday, February 18th. They set a “buy” rating and a $79.00 target price for the company. Roth Mkm boosted their price objective on shares of Allient from $49.00 to $56.00 and gave the stock a “buy” rating in a research note on Friday, November 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Allient in a research note on Wednesday, January 21st. Finally, Zacks Research lowered shares of Allient from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st.

Allient Stock Performance

Shares of NASDAQ:ALNT opened at $67.47 on Wednesday. The firm has a market capitalization of $1.14 billion, a PE ratio of 60.24 and a beta of 1.53. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.53 and a quick ratio of 2.01. The business has a 50-day moving average of $60.90 and a two-hundred day moving average of $53.36. Allient has a 12 month low of $19.25 and a 12 month high of $70.00.

Institutional Investors Weigh In On Allient

A number of large investors have recently modified their holdings of the stock. Arax Advisory Partners lifted its position in Allient by 113.9% during the 4th quarter. Arax Advisory Partners now owns 494 shares of the company’s stock worth $27,000 after acquiring an additional 263 shares in the last quarter. Larson Financial Group LLC grew its position in Allient by 149.1% in the fourth quarter. Larson Financial Group LLC now owns 690 shares of the company’s stock valued at $37,000 after acquiring an additional 413 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Allient during the third quarter valued at approximately $34,000. State of Alaska Department of Revenue acquired a new position in shares of Allient during the third quarter worth $41,000. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of Allient by 173.0% in the second quarter. Cullen Frost Bankers Inc. now owns 999 shares of the company’s stock valued at $36,000 after purchasing an additional 633 shares during the period. 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.