Altra Industrial Motion Corp. (NASDAQ:AIMC) has earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $47.33.

A number of analysts recently commented on the company. Zacks Investment Research raised Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Tuesday, May 2nd. BidaskClub lowered Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. TheStreet raised Altra Industrial Motion Corp. from a “c+” rating to a “b” rating in a report on Friday, April 28th. BMO Capital Markets boosted their price objective on Altra Industrial Motion Corp. from $46.00 to $49.00 and gave the stock an “outperform” rating in a report on Monday, May 1st. Finally, Jefferies Group LLC boosted their price objective on Altra Industrial Motion Corp. from $38.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, May 8th.

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Altra Industrial Motion Corp. (NASDAQ AIMC) opened at 44.90 on Tuesday. Altra Industrial Motion Corp. has a 12-month low of $26.24 and a 12-month high of $46.90. The company has a market capitalization of $1.32 billion, a P/E ratio of 37.54 and a beta of 1.67. The company’s 50 day moving average price is $41.58 and its 200-day moving average price is $40.48.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. Altra Industrial Motion Corp. had a return on equity of 16.50% and a net margin of 4.17%. The business had revenue of $223.35 million during the quarter, compared to analyst estimates of $219.15 million. During the same period in the previous year, the company posted $0.42 EPS. The firm’s revenue was up 22.3% compared to the same quarter last year. Equities analysts forecast that Altra Industrial Motion Corp. will post $2.04 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Monday, September 18th will be paid a $0.17 dividend. The ex-dividend date is Friday, September 15th. This represents a $0.68 annualized dividend and a yield of 1.51%. Altra Industrial Motion Corp.’s payout ratio is 59.13%.

In related news, Director Lyle G. Ganske sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $45.30, for a total value of $453,000.00. Following the transaction, the director now owns 11,493 shares in the company, valued at $520,632.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.20% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in Altra Industrial Motion Corp. during the fourth quarter valued at about $982,000. Wells Fargo & Company MN increased its stake in Altra Industrial Motion Corp. by 2.7% in the first quarter. Wells Fargo & Company MN now owns 640,923 shares of the industrial products company’s stock valued at $24,964,000 after buying an additional 16,750 shares in the last quarter. Bbva Compass Bancshares Inc. increased its stake in Altra Industrial Motion Corp. by 4.6% in the first quarter. Bbva Compass Bancshares Inc. now owns 7,098 shares of the industrial products company’s stock valued at $277,000 after buying an additional 311 shares in the last quarter. Capital Fund Management S.A. bought a new stake in Altra Industrial Motion Corp. during the first quarter valued at about $241,000. Finally, US Bancorp DE increased its stake in Altra Industrial Motion Corp. by 5.8% in the first quarter. US Bancorp DE now owns 27,727 shares of the industrial products company’s stock valued at $1,080,000 after buying an additional 1,521 shares in the last quarter. Institutional investors and hedge funds own 97.54% of the company’s stock.

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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