Allient (NASDAQ:ALNT) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of Allient (NASDAQ:ALNT) from a hold rating to a strong-buy rating in a research note issued to investors on Saturday.

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

Allient Stock Up 1.4%

NASDAQ:ALNT opened at $112.81 on Friday. The company has a current ratio of 3.42, a quick ratio of 2.15 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average of $91.18 and a 200-day moving average of $74.73. The firm has a market capitalization of $1.92 billion, a PE ratio of 66.36 and a beta of 1.61. Allient has a 52 week low of $40.49 and a 52 week high of $117.48.

Allient (NASDAQ:ALNT) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $145.68 million. Analysts predict that Allient will post 2.47 EPS for the current year.

Allient Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.16 annualized dividend and a dividend yield of 0.1%. Allient’s dividend payout ratio is presently 9.41%.

Institutional Investors Weigh In On Allient

A number of hedge funds and other institutional investors have recently modified their holdings of ALNT. BlackRock Inc. bought a new stake in Allient during the second quarter worth approximately $128,774,000. Jennison Associates LLC lifted its position in Allient by 111.5% in the first quarter. Jennison Associates LLC now owns 353,430 shares of the company’s stock worth $20,884,000 after purchasing an additional 186,316 shares during the period. Telemark Asset Management LLC bought a new position in Allient during the 4th quarter valued at $8,062,000. Marshall Wace LLP boosted its stake in Allient by 1,291.3% during the 3rd quarter. Marshall Wace LLP now owns 153,819 shares of the company’s stock valued at $6,883,000 after purchasing an additional 142,763 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its position in shares of Allient by 95.6% during the 4th quarter. Handelsbanken Fonder AB now owns 257,323 shares of the company’s stock valued at $13,831,000 after purchasing an additional 125,753 shares during the period. 61.57% of the stock is currently owned by institutional investors.

Allient News Roundup

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.

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.