Altra Industrial Motion Corp. (NASDAQ:AIMC) has received an average rating of “Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $47.33.

Several brokerages have recently issued reports on AIMC. BMO Capital Markets reaffirmed a “buy” rating and issued a $53.00 target price on shares of Altra Industrial Motion Corp. in a research note on Wednesday. ValuEngine raised shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Altra Industrial Motion Corp. from a “hold” rating to a “strong-buy” rating and set a $49.00 target price on the stock in a research note on Thursday, July 27th. Finally, BidaskClub lowered shares of Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & international copyright law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/09/09/altra-industrial-motion-corp-aimc-receives-average-rating-of-buy-from-analysts.html.

In related news, Chairman Carl R. Christenson sold 10,000 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $46.00, for a total value of $460,000.00. Following the sale, the chairman now directly owns 98,805 shares in the company, valued at approximately $4,545,030. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Gerald P. Ferris sold 15,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $44.50, for a total transaction of $667,500.00. Following the completion of the sale, the vice president now owns 16,722 shares in the company, valued at $744,129. The disclosure for this sale can be found here. Insiders sold a total of 44,180 shares of company stock worth $1,997,980 over the last quarter. 3.20% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC acquired a new stake in shares of Altra Industrial Motion Corp. in the 2nd quarter valued at approximately $2,229,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Altra Industrial Motion Corp. in the 2nd quarter valued at approximately $642,000. Wasatch Advisors Inc. raised its position in shares of Altra Industrial Motion Corp. by 38.0% in the 2nd quarter. Wasatch Advisors Inc. now owns 342,509 shares of the industrial products company’s stock valued at $13,632,000 after acquiring an additional 94,230 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of Altra Industrial Motion Corp. by 23.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,517 shares of the industrial products company’s stock valued at $100,000 after acquiring an additional 479 shares during the period. Finally, Castleark Management LLC acquired a new stake in shares of Altra Industrial Motion Corp. in the 2nd quarter valued at approximately $5,383,000. Institutional investors and hedge funds own 98.31% of the company’s stock.

Shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) opened at 46.10 on Friday. The firm’s 50 day moving average is $44.32 and its 200-day moving average is $41.28. The company has a market capitalization of $1.35 billion, a P/E ratio of 38.55 and a beta of 1.64. Altra Industrial Motion Corp. has a 52-week low of $26.24 and a 52-week high of $46.90.

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

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Monday, September 18th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, September 15th. Altra Industrial Motion Corp.’s dividend payout ratio (DPR) is presently 59.13%.

About Altra Industrial Motion Corp.

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.

Receive News & Ratings for Altra Industrial Motion Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altra Industrial Motion Corp. and related companies with MarketBeat.com's FREE daily email newsletter.