Headlines about Altra Industrial Motion Corp. (NASDAQ:AIMC) have been trending somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Altra Industrial Motion Corp. earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.3470982621043 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) traded up $0.30 during mid-day trading on Monday, reaching $46.45. 91,600 shares of the company’s stock traded hands, compared to its average volume of 147,439. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.69 and a quick ratio of 1.57. 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. has a 1 year low of $33.10 and a 1 year high of $50.00.
Altra Industrial Motion Corp. (NASDAQ:AIMC) last issued its quarterly earnings data on Friday, October 20th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The firm had revenue of $214.60 million during the quarter, compared to the consensus estimate of $210.79 million. Altra Industrial Motion Corp. had a net margin of 4.92% and a return on equity of 16.30%. The business’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same period last year, the business posted $0.35 earnings per share. research analysts forecast that Altra Industrial Motion Corp. will post 2.05 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Monday, December 18th will be given a $0.17 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.46%. Altra Industrial Motion Corp.’s payout ratio is 48.23%.
Several brokerages recently issued reports on AIMC. Zacks Investment Research upgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “strong-buy” rating and set a $49.00 target price for the company in a research note on Thursday, July 27th. ValuEngine downgraded shares of Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. BMO Capital Markets reiterated a “buy” rating and issued a $53.00 target price on shares of Altra Industrial Motion Corp. in a research note on Wednesday, September 6th. Robert W. Baird restated a “neutral” rating on shares of Altra Industrial Motion Corp. in a research report on Monday, October 23rd. Finally, Sidoti downgraded shares of Altra Industrial Motion Corp. from a “buy” rating to a “neutral” rating and set a $53.00 price objective for the company. in a research report on Wednesday, October 4th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $49.20.
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In other news, VP Gerald P. Ferris sold 15,000 shares of Altra Industrial Motion Corp. stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $44.50, for a total value of $667,500.00. Following the completion of the sale, the vice president now directly owns 16,722 shares in the company, valued at $744,129. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lipscomb S. Michael sold 25,000 shares of Altra Industrial Motion Corp. stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $48.34, for a total transaction of $1,208,500.00. Following the completion of the sale, the director now owns 15,848 shares of the company’s stock, valued at $766,092.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,889 shares of company stock valued at $3,778,957. 3.20% of the stock is owned by company insiders.
Altra Industrial Motion Corp. Company Profile
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.
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