Altra Industrial Motion Corp. (AIMC) VP Craig Schuele Sells 1,685 Shares of Stock

Altra Industrial Motion Corp. (NASDAQ:AIMC) VP Craig Schuele sold 1,685 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $50.00, for a total transaction of $84,250.00. Following the transaction, the vice president now owns 71,201 shares in the company, valued at approximately $3,560,050. The sale was disclosed in a filing with the SEC, which is available at this link.

Altra Industrial Motion Corp. (NASDAQ AIMC) traded down 1.93% during mid-day trading on Friday, hitting $48.35. 343,085 shares of the stock were exchanged. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 40.43 and a beta of 1.67. Altra Industrial Motion Corp. has a 52-week low of $28.85 and a 52-week high of $50.00. The company has a 50 day moving average price of $47.38 and a 200 day moving average price of $43.18.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last announced its quarterly earnings data on Friday, October 20th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. The company had revenue of $214.60 million for the quarter, compared to analysts’ expectations of $210.79 million. Altra Industrial Motion Corp. had a net margin of 4.17% and a return on equity of 16.50%. Altra Industrial Motion Corp.’s revenue was up 24.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 EPS. On average, analysts anticipate 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 Wednesday, January 3rd. Shareholders of record on Monday, December 18th will be paid a $0.17 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.68 annualized dividend and a yield of 1.41%. Altra Industrial Motion Corp.’s dividend payout ratio is currently 59.13%.

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A number of brokerages have issued reports on AIMC. Zacks Investment Research lowered shares of Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. BidaskClub lowered shares of Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Robert W. Baird restated a “hold” rating and set a $48.00 price target on shares of Altra Industrial Motion Corp. in a research note on Wednesday, October 4th. Sidoti lowered shares of Altra Industrial Motion Corp. from a “buy” rating to a “neutral” rating and set a $53.00 price target on the stock. in a research note on Wednesday, October 4th. They noted that the move was a valuation call. Finally, ValuEngine upgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $49.20.

A number of institutional investors and hedge funds have recently made changes to their positions in AIMC. Bank of New York Mellon Corp increased its stake in Altra Industrial Motion Corp. by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 193,782 shares of the industrial products company’s stock valued at $7,547,000 after buying an additional 9,655 shares during the period. Karp Capital Management Corp acquired a new position in Altra Industrial Motion Corp. in the 1st quarter valued at $247,000. Envestnet Asset Management Inc. increased its stake in Altra Industrial Motion Corp. by 44.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,268 shares of the industrial products company’s stock valued at $128,000 after buying an additional 1,010 shares during the period. Stifel Financial Corp acquired a new position in Altra Industrial Motion Corp. in the 1st quarter valued at $226,000. Finally, Teachers Advisors LLC increased its stake in Altra Industrial Motion Corp. by 8.5% in the 1st quarter. Teachers Advisors LLC now owns 44,140 shares of the industrial products company’s stock valued at $1,719,000 after buying an additional 3,444 shares during the period. 98.31% of the stock is currently owned by institutional investors.

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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