Q1 2024 EPS Estimates for Allient Inc. (NASDAQ:ALNT) Cut by Northland Capmk

Allient Inc. (NASDAQ:ALNT) – Research analysts at Northland Capmk reduced their Q1 2024 EPS estimates for shares of Allient in a research note issued to investors on Wednesday, April 17th. Northland Capmk analyst E. Jackson now anticipates that the company will post earnings per share of $0.55 for the quarter, down from their prior estimate of $0.66. The consensus estimate for Allient’s current full-year earnings is $2.28 per share. Northland Capmk also issued estimates for Allient’s Q2 2024 earnings at $0.59 EPS, Q3 2024 earnings at $0.73 EPS, Q4 2024 earnings at $0.48 EPS, FY2024 earnings at $2.35 EPS, FY2025 earnings at $2.74 EPS, FY2026 earnings at $3.26 EPS and FY2027 earnings at $3.77 EPS.

ALNT has been the topic of a number of other research reports. Northland Securities reissued a “market perform” rating and issued a $40.00 price objective (down previously from $45.00) on shares of Allient in a report on Thursday, March 7th. Roth Mkm lifted their price target on shares of Allient from $38.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, March 7th.

Allient Stock Performance

ALNT opened at $29.63 on Friday. The company has a current ratio of 2.60, a quick ratio of 1.36 and a debt-to-equity ratio of 0.87. The company has a market cap of $496.01 million, a price-to-earnings ratio of 20.02 and a beta of 1.60. The company’s 50 day moving average is $31.30 and its 200 day moving average is $29.33. Allient has a 12-month low of $25.12 and a 12-month high of $40.59.

Allient (NASDAQ:ALNT) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.30. Allient had a net margin of 4.16% and a return on equity of 15.60%. The firm had revenue of $141.00 million during the quarter, compared to analyst estimates of $132.65 million.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. bought a new position in shares of Allient in the fourth quarter worth about $21,725,000. Goldman Sachs Group Inc. bought a new position in shares of Allient in the fourth quarter worth about $1,494,000. Allspring Global Investments Holdings LLC bought a new position in shares of Allient in the first quarter worth about $57,000. Denali Advisors LLC bought a new position in shares of Allient in the first quarter worth about $189,000. Finally, Wasatch Advisors LP bought a new position in shares of Allient in the first quarter worth about $20,914,000. Institutional investors own 61.57% of the company’s stock.

Insider Buying and Selling

In related news, VP Ashish Bendre sold 20,382 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $33.89, for a total value of $690,745.98. Following the sale, the vice president now owns 36,350 shares in the company, valued at $1,231,901.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Ashish Bendre sold 20,382 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $33.89, for a total value of $690,745.98. Following the sale, the vice president now owns 36,350 shares in the company, valued at $1,231,901.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael R. Leach sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $32.99, for a total transaction of $164,950.00. Following the transaction, the chief financial officer now owns 87,089 shares in the company, valued at approximately $2,873,066.11. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,382 shares of company stock worth $1,191,296. Insiders own 15.60% of the company’s stock.

Allient Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Wednesday, March 20th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Tuesday, March 19th. Allient’s dividend payout ratio (DPR) is presently 8.11%.

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.