Altra Industrial Motion Corp. (NASDAQ:AIMC) CEO Carl R. Christenson sold 1,601 shares of Altra Industrial Motion Corp. stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $47.00, for a total transaction of $75,247.00. Following the completion of the sale, the chief executive officer now owns 98,805 shares of the company’s stock, valued at $4,643,835. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Altra Industrial Motion Corp. (NASDAQ AIMC) traded up 1.64% during trading on Friday, reaching $47.60. 199,220 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.40 billion, a PE ratio of 39.80 and a beta of 1.64. The stock has a 50-day moving average of $44.95 and a 200-day moving average of $41.48. Altra Industrial Motion Corp. has a 52 week low of $26.56 and a 52 week high of $47.60.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Monday, September 18th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, September 15th. Altra Industrial Motion Corp.’s payout ratio is currently 59.13%.

TRADEMARK VIOLATION WARNING: “Altra Industrial Motion Corp. (AIMC) CEO Carl R. Christenson Sells 1,601 Shares” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at https://www.americanbankingnews.com/2017/09/15/altra-industrial-motion-corp-aimc-ceo-carl-r-christenson-sells-1601-shares.html.

A number of analysts recently commented on the stock. BMO Capital Markets reiterated a “buy” rating and issued a $53.00 target price on shares of Altra Industrial Motion Corp. in a research note on Wednesday, September 6th. ValuEngine upgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub cut shares of Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Finally, Zacks Investment Research upgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “strong-buy” rating and set a $49.00 target price for the company in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Altra Industrial Motion Corp. presently has a consensus rating of “Buy” and an average price target of $47.33.

Hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its holdings in shares of Altra Industrial Motion Corp. by 23.5% in the second 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. Envestnet Asset Management Inc. boosted its holdings in shares of Altra Industrial Motion Corp. by 44.7% in the first quarter. Envestnet Asset Management Inc. now owns 3,268 shares of the industrial products company’s stock valued at $128,000 after acquiring an additional 1,010 shares during the period. Great West Life Assurance Co. Can boosted its holdings in shares of Altra Industrial Motion Corp. by 191.6% in the second quarter. Great West Life Assurance Co. Can now owns 4,453 shares of the industrial products company’s stock valued at $176,000 after acquiring an additional 2,926 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in shares of Altra Industrial Motion Corp. by 848.2% in the second quarter. BNP Paribas Arbitrage SA now owns 4,646 shares of the industrial products company’s stock valued at $185,000 after acquiring an additional 4,156 shares during the period. Finally, 1st Global Advisors Inc. acquired a new stake in shares of Altra Industrial Motion Corp. in the first quarter valued at approximately $202,000. 98.31% of the stock is owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Altra Industrial Motion Corp. (NASDAQ:AIMC)

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.