Altra Industrial Motion Corp (AIMC) Receives Average Rating of “Hold” from Analysts

Shares of Altra Industrial Motion Corp (NASDAQ:AIMC) have received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $48.67.

Several analysts recently issued reports on the company. Zacks Investment Research lowered Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Thursday, December 14th. Robert W. Baird reissued a “hold” rating and set a $48.00 price target on shares of Altra Industrial Motion in a research report on Wednesday, October 4th. BidaskClub raised Altra Industrial Motion from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Sidoti downgraded Altra Industrial Motion from a “buy” rating to a “neutral” rating and set a $53.00 price target on the stock. in a research report on Wednesday, October 4th. They noted that the move was a valuation call. Finally, ValuEngine downgraded Altra Industrial Motion from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.

In other news, Director Lipscomb S. Michael sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $48.34, for a total value of $1,208,500.00. Following the transaction, the director now owns 15,848 shares of the company’s stock, valued at $766,092.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $84,250.00. Following the completion of the transaction, the vice president now directly owns 71,201 shares in the company, valued at approximately $3,560,050. The disclosure for this sale can be found here. Insiders sold 30,100 shares of company stock worth $1,463,299 in the last ninety days. 3.20% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of AIMC. Ameritas Investment Partners Inc. grew its position in shares of Altra Industrial Motion by 23.5% in the second quarter. Ameritas Investment Partners Inc. now owns 2,517 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 479 shares during the last quarter. Great West Life Assurance Co. Can grew its position in shares of Altra Industrial Motion by 191.6% in the second quarter. Great West Life Assurance Co. Can now owns 4,453 shares of the industrial products company’s stock valued at $176,000 after purchasing an additional 2,926 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Altra Industrial Motion by 848.2% in the second quarter. BNP Paribas Arbitrage SA now owns 4,646 shares of the industrial products company’s stock valued at $185,000 after purchasing an additional 4,156 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Altra Industrial Motion in the third quarter valued at approximately $203,000. Finally, Simplex Trading LLC grew its position in shares of Altra Industrial Motion by 244.6% in the third quarter. Simplex Trading LLC now owns 4,935 shares of the industrial products company’s stock valued at $237,000 after purchasing an additional 3,503 shares during the last quarter. 99.22% of the stock is currently owned by institutional investors.

Shares of Altra Industrial Motion (AIMC) opened at $51.20 on Friday. Altra Industrial Motion has a twelve month low of $35.20 and a twelve month high of $51.65. The stock has a market capitalization of $1,460.00, a PE ratio of 36.31 and a beta of 1.67. 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 (NASDAQ:AIMC) last released its earnings results on Friday, October 20th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. Altra Industrial Motion had a return on equity of 14.16% and a net margin of 6.19%. The business had revenue of $214.60 million for the quarter, compared to analyst estimates of $210.79 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. Altra Industrial Motion’s revenue was up 24.0% on a year-over-year basis. analysts expect that Altra Industrial Motion will post 2.05 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 3rd. Stockholders of record on Monday, December 18th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, December 15th. Altra Industrial Motion’s payout ratio is 48.23%.

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Altra Industrial Motion 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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