Altra Industrial Motion Corp. (NASDAQ:AIMC) CEO Carl R. Christenson sold 8,323 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $47.00, for a total value of $391,181.00. Following the completion of the sale, the chief executive officer now owns 98,805 shares of the company’s stock, valued at approximately $4,643,835. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) traded up 1.64% during mid-day trading on Friday, reaching $47.60. The company’s 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 company has a market cap of $1.40 billion, a PE ratio of 39.80 and a beta of 1.64. The company has a 50-day moving average price of $44.95 and a 200 day moving average price of $41.48.

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 for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.07. The business had revenue of $223.35 million during the quarter, compared to analyst estimates 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 was up 22.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.42 EPS. Equities analysts expect that Altra Industrial Motion Corp. will post $2.04 earnings per share for the current year.

The business also recently declared 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. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.43%. Altra Industrial Motion Corp.’s dividend payout ratio is presently 59.13%.

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Several large investors have recently made changes to their positions in AIMC. JPMorgan Chase & Co. increased its holdings in shares of Altra Industrial Motion Corp. by 12.8% in the 1st quarter. JPMorgan Chase & Co. now owns 1,726,380 shares of the industrial products company’s stock valued at $67,242,000 after acquiring an additional 195,242 shares during the period. Vanguard Group Inc. increased its holdings in shares of Altra Industrial Motion Corp. by 9.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,229,616 shares of the industrial products company’s stock valued at $88,739,000 after acquiring an additional 189,048 shares during the period. Castleark Management LLC purchased a new position in shares of Altra Industrial Motion Corp. in the 2nd quarter valued at $5,383,000. Loomis Sayles & Co. L P increased its holdings in shares of Altra Industrial Motion Corp. by 106.3% in the 1st quarter. Loomis Sayles & Co. L P now owns 250,034 shares of the industrial products company’s stock valued at $9,739,000 after acquiring an additional 128,806 shares during the period. Finally, Wasatch Advisors Inc. increased its holdings 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. Institutional investors and hedge funds own 98.31% of the company’s stock.

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

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.

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

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