Insider Selling: Altra Holdings VP Sells 5,000 Shares of Stock (AIMC)
Altra Holdings (NASDAQ:AIMC) VP Craig Schuele unloaded 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $37.00, for a total value of $185,000.00. Following the completion of the transaction, the vice president now directly owns 83,476 shares of the company’s stock, valued at approximately $3,088,612. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on AIMC shares. Analysts at Zacks downgraded shares of Altra Holdings from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 22nd. They now have a $38.50 price target on the stock. Analysts at Robert W. Baird raised their price target on shares of Altra Holdings from $39.00 to $42.00 in a research note on Friday, April 11th. They now have an “outperform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $37.38.
Shares of Altra Holdings (NASDAQ:AIMC) traded down 1.77% on Wednesday, hitting $36.05. 61,520 shares of the company’s stock traded hands. Altra Holdings has a 1-year low of $24.31 and a 1-year high of $39.60. The stock has a 50-day moving average of $34.66 and a 200-day moving average of $33.90. The company has a market cap of $975.8 million and a price-to-earnings ratio of 24.95.
Altra Holdings (NASDAQ:AIMC) last issued its quarterly earnings data on Friday, April 25th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.02. The company had revenue of $210.10 million for the quarter, compared to the consensus estimate of $210.08 million. During the same quarter in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. Analysts expect that Altra Holdings will post $1.97 EPS for the current fiscal year.
Altra Holdings, Inc (NASDAQ:AIMC) is a global designer, producer and marketer of a range of mechanical power transmission (MPT), and motion control products serving customers in a range of industries, including energy, general industrial, material handling, mining, transportation, and turf and garden.
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