Altra Industrial Motion Corp (NASDAQ:AIMC) Declares $0.17 Quarterly Dividend

Altra Industrial Motion Corp (NASDAQ:AIMC) announced a quarterly dividend on Tuesday, February 13th, Zacks reports. Stockholders of record on Monday, March 19th will be paid a dividend of 0.17 per share by the industrial products company on Tuesday, April 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, March 16th.

Shares of AIMC stock traded up $0.02 during trading hours on Friday, hitting $46.90. 161,571 shares of the stock were exchanged, compared to its average volume of 254,327. The firm has a market cap of $1,378.06, a price-to-earnings ratio of 26.35 and a beta of 1.73. Altra Industrial Motion has a 12 month low of $36.50 and a 12 month high of $53.70. The company has a current ratio of 2.51, a quick ratio of 1.49 and a debt-to-equity ratio of 0.69.

Altra Industrial Motion (NASDAQ:AIMC) last released its earnings results on Wednesday, February 21st. The industrial products company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.02). Altra Industrial Motion had a net margin of 5.87% and a return on equity of 15.92%. The business had revenue of $223.30 million for the quarter, compared to analyst estimates of $214.70 million. During the same period in the prior year, the company earned $0.41 earnings per share. The firm’s revenue for the quarter was up 29.4% on a year-over-year basis. equities analysts forecast that Altra Industrial Motion will post 2.43 earnings per share for the current fiscal year.

Several research firms recently commented on AIMC. BidaskClub raised shares of Altra Industrial Motion from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. Zacks Investment Research raised shares of Altra Industrial Motion from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Wednesday. Stephens reissued a “buy” rating and set a $52.00 target price on shares of Altra Industrial Motion in a research note on Thursday, March 8th. Finally, Robert W. Baird raised shares of Altra Industrial Motion from a “neutral” rating to an “outperform” rating and set a $50.00 target price for the company in a research note on Thursday, March 8th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $51.00.

In other news, VP Craig Schuele sold 3,315 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $50.00, for a total transaction of $165,750.00. Following the sale, the vice president now owns 67,886 shares in the company, valued at $3,394,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.20% of the stock is owned by insiders.

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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.

Dividend History for Altra Industrial Motion (NASDAQ:AIMC)

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