Public Employees Retirement Association of Colorado Buys 144,049 Shares of Altra Industrial Motion Corp. (NASDAQ:AIMC)

Public Employees Retirement Association of Colorado grew its holdings in shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) by 101.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 286,049 shares of the industrial products company’s stock after purchasing an additional 144,049 shares during the period. Public Employees Retirement Association of Colorado owned about 0.98% of Altra Industrial Motion Corp. worth $13,759,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake 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 buying an additional 189,048 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Altra Industrial Motion Corp. by 15.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 169,644 shares of the industrial products company’s stock worth $6,752,000 after buying an additional 22,833 shares during the period. Bank of America Corp DE increased its stake in shares of Altra Industrial Motion Corp. by 31.6% during the first quarter. Bank of America Corp DE now owns 241,876 shares of the industrial products company’s stock worth $9,421,000 after buying an additional 58,023 shares during the period. AQR Capital Management LLC increased its stake in shares of Altra Industrial Motion Corp. by 10.2% during the first quarter. AQR Capital Management LLC now owns 46,319 shares of the industrial products company’s stock worth $1,804,000 after buying an additional 4,294 shares during the period. Finally, Parametrica Management Ltd purchased a new stake in shares of Altra Industrial Motion Corp. during the third quarter worth approximately $418,000. Institutional investors own 99.26% of the company’s stock.

A number of analysts recently weighed in on the stock. Robert W. Baird restated a “hold” rating and set a $48.00 target price on shares of Altra Industrial Motion Corp. in a research note on Wednesday, October 4th. Zacks Investment Research lowered shares of Altra Industrial Motion Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 26th. 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. ValuEngine upgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $53.00 price target on shares of Altra Industrial Motion Corp. in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Altra Industrial Motion Corp. currently has a consensus rating of “Hold” and a consensus target price of $49.20.

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Shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) traded up $0.30 during midday trading on Monday, hitting $46.45. The company had a trading volume of 91,600 shares, compared to its average volume of 147,439. The company has a current ratio of 2.69, a quick ratio of 1.57 and a debt-to-equity ratio of 0.77. Altra Industrial Motion Corp. has a 52-week low of $33.10 and a 52-week high of $50.00. The firm has a market capitalization of $1,359.84, a P/E ratio of 23.34 and a beta of 1.67.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last issued its quarterly earnings results on Friday, October 20th. The industrial products company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Altra Industrial Motion Corp. had a return on equity of 16.30% and a net margin of 4.92%. The firm had revenue of $214.60 million during the quarter, compared to the consensus estimate of $210.79 million. During the same period last year, the company earned $0.35 earnings per share. The company’s revenue for the quarter was up 24.0% on a year-over-year basis. research analysts expect that Altra Industrial Motion Corp. will post 2.05 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Monday, December 18th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Friday, December 15th. Altra Industrial Motion Corp.’s payout ratio is 48.23%.

In other Altra Industrial Motion Corp. news, VP Gerald P. Ferris sold 15,000 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $44.50, for a total value of $667,500.00. Following the completion of the transaction, the vice president now owns 16,722 shares in the company, valued at $744,129. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Glenn E. Deegan sold 1,825 shares of the stock in a transaction on Friday, August 18th. The stock was sold at an average price of $43.37, for a total value of $79,150.25. Following the completion of the transaction, the vice president now owns 41,419 shares of the company’s stock, valued at approximately $1,796,342.03. The disclosure for this sale can be found here. Insiders sold 80,889 shares of company stock valued at $3,778,957 in the last quarter. 3.20% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for Altra Industrial Motion Corp. (NASDAQ:AIMC)

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