Altra Industrial Motion Corp. (AIMC) CEO Carl R. Christenson Sells 8,323 Shares of Stock

Altra Industrial Motion Corp. (NASDAQ:AIMC) CEO Carl R. Christenson sold 8,323 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $47.00, for a total transaction of $391,181.00. Following the transaction, the chief executive officer now directly owns 98,805 shares of the company’s stock, valued at $4,643,835. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Altra Industrial Motion Corp. (NASDAQ AIMC) traded up 1.64% during trading on Friday, hitting $47.60. 199,220 shares of the stock traded hands. Altra Industrial Motion Corp. has a 12 month low of $26.78 and a 12 month high of $47.60. The stock has a market cap of $1.40 billion, a P/E ratio of 39.80 and a beta of 1.64. The firm’s 50-day moving average is $45.07 and its 200-day moving average is $41.53.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last posted its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.07. The business had revenue of $223.35 million during the quarter, compared to the consensus estimate of $219.15 million. Altra Industrial Motion Corp. had a return on equity of 16.50% and a net margin of 4.17%. The company’s revenue was up 22.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.42 earnings per share. On average, analysts forecast that Altra Industrial Motion Corp. will post $2.04 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Monday, September 18th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, September 15th. Altra Industrial Motion Corp.’s payout ratio is currently 59.13%.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Altra Industrial Motion Corp. by 9.3% during the second quarter. Vanguard Group Inc. now owns 2,229,616 shares of the industrial products company’s stock worth $88,739,000 after purchasing an additional 189,048 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Altra Industrial Motion Corp. by 1.4% during the second quarter. JPMorgan Chase & Co. now owns 1,749,808 shares of the industrial products company’s stock worth $69,642,000 after purchasing an additional 23,428 shares during the period. Earnest Partners LLC lifted its holdings in shares of Altra Industrial Motion Corp. by 0.7% during the second quarter. Earnest Partners LLC now owns 1,558,545 shares of the industrial products company’s stock worth $62,030,000 after purchasing an additional 11,531 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Altra Industrial Motion Corp. by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,301,192 shares of the industrial products company’s stock worth $51,787,000 after purchasing an additional 17,428 shares during the period. Finally, Frontier Capital Management Co. LLC lifted its holdings in shares of Altra Industrial Motion Corp. by 3.1% during the first quarter. Frontier Capital Management Co. LLC now owns 1,283,467 shares of the industrial products company’s stock worth $49,991,000 after purchasing an additional 38,623 shares during the period. 98.31% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have issued reports on AIMC. ValuEngine raised shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BMO Capital Markets reissued a “buy” rating and set a $53.00 price target on shares of Altra Industrial Motion Corp. in a research report on Wednesday, September 6th. Zacks Investment Research raised shares of Altra Industrial Motion Corp. from a “hold” rating to a “strong-buy” rating and set a $49.00 price target for the company in a research report on Thursday, July 27th. Finally, BidaskClub lowered shares of Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $47.33.

About Altra Industrial Motion Corp.

Altra Industrial Motion Corp. is a designer, producer and marketer of a range of mechanical power transmission (MPT) components. The Company operates through three segments: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes, and Gearing. It manufactures a range of couplings suitable for various industrial and specialty applications.

Insider Buying and Selling by Quarter for Altra Industrial Motion Corp. (NASDAQ:AIMC)

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