Altra Industrial Motion Corp. (NASDAQ:AIMC) Chairman Carl R. Christenson sold 10,000 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $47.00, for a total value of $470,000.00. Following the sale, the chairman now directly owns 98,805 shares of the company’s stock, valued at $4,643,835. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Altra Industrial Motion Corp. (AIMC) traded up 1.64% on Friday, hitting $47.60. The stock had a trading volume of 199,220 shares. Altra Industrial Motion Corp. has a 52 week low of $26.56 and a 52 week high of $47.60. The firm has a 50-day moving average of $44.95 and a 200 day moving average of $41.48. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 39.80 and a beta of 1.64.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last posted its quarterly earnings data 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. The company had revenue of $223.35 million during the quarter, compared to analysts’ expectations of $219.15 million. Altra Industrial Motion Corp. had a return on equity of 16.50% and a net margin of 4.17%. Altra Industrial Motion Corp.’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 earnings per share. On average, analysts predict that Altra Industrial Motion Corp. will post $2.04 earnings per share for the current 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 given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Friday, September 15th. Altra Industrial Motion Corp.’s dividend payout ratio (DPR) is presently 59.13%.

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Several brokerages have recently issued reports on AIMC. Zacks Investment Research raised 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 report on Thursday, July 27th. BMO Capital Markets reaffirmed a “buy” rating and set a $53.00 target price on shares of Altra Industrial Motion Corp. in a research report on Wednesday, September 6th. BidaskClub lowered Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. Finally, ValuEngine raised Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $47.33.

Institutional investors have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. increased its position in Altra Industrial Motion Corp. by 23.5% during 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 last quarter. Envestnet Asset Management Inc. increased its position in Altra Industrial Motion Corp. by 44.7% during 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 last quarter. Great West Life Assurance Co. Can increased its position in Altra Industrial Motion Corp. by 191.6% during 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 last quarter. BNP Paribas Arbitrage SA increased its position in Altra Industrial Motion Corp. by 848.2% during 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 last quarter. Finally, 1st Global Advisors Inc. purchased a new stake in Altra Industrial Motion Corp. during the first quarter valued at $202,000. Institutional investors own 98.31% of the company’s stock.

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)

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