Insider Selling: Altra Holdings CFO Sells 2,500 Shares of Stock (AIMC)
Altra Holdings (NASDAQ:AIMC) CFO Christian Storch sold 2,500 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $37.52, for a total transaction of $93,800.00. Following the sale, the chief financial officer now directly owns 22,922 shares of the company’s stock, valued at approximately $860,033. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Altra Holdings (NASDAQ:AIMC) traded down 2.88% on Monday, hitting $36.76. The stock had a trading volume of 69,207 shares. Altra Holdings has a one year low of $24.31 and a one year high of $39.60. The stock’s 50-day moving average is $35.67 and its 200-day moving average is $34.6. The company has a market cap of $995.0 million and a P/E ratio of 25.73.
Altra Holdings (NASDAQ:AIMC) last announced its earnings results on Friday, April 25th. The company reported $0.48 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 15.3% on a year-over-year basis. On average, analysts predict that Altra Holdings will post $1.97 earnings per share for the current fiscal year.
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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $37.38.
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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