Altra Industrial Motion Corp. (NASDAQ:AIMC) has been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $46.50.

Several equities research analysts recently weighed in on AIMC shares. BMO Capital Markets reaffirmed a “buy” rating and set a $53.00 price objective on shares of Altra Industrial Motion Corp. in a research report on Wednesday, September 6th. ValuEngine upgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research lowered shares of Altra Industrial Motion Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, BidaskClub cut shares of Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th.

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Shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) opened at 48.75 on Wednesday. Altra Industrial Motion Corp. has a 12 month low of $27.35 and a 12 month high of $49.60. The firm has a market cap of $1.43 billion, a PE ratio of 40.76 and a beta of 1.67. The company’s 50 day moving average is $46.38 and its 200-day moving average is $42.32.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last released its earnings results on Tuesday, July 25th. The industrial products company reported $0.57 earnings per share 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 firm had revenue of $223.35 million during the quarter, compared to the consensus estimate of $219.15 million. During the same period in the prior year, the company posted $0.42 EPS. The company’s revenue was up 22.3% compared to the same quarter last year. Equities research analysts predict that Altra Industrial Motion Corp. will post $2.04 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Stockholders of record on Monday, September 18th were issued a $0.17 dividend. The ex-dividend date was Friday, September 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.39%. Altra Industrial Motion Corp.’s dividend payout ratio (DPR) is currently 59.13%.

In other Altra Industrial Motion Corp. news, VP Glenn E. Deegan sold 1,825 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were sold at an average price of $43.37, for a total value of $79,150.25. Following the sale, the vice president now owns 41,419 shares in the company, valued at $1,796,342.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Carl R. Christenson sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $47.00, for a total transaction of $470,000.00. Following the completion of the sale, the chairman now owns 98,805 shares in the company, valued at approximately $4,643,835. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,104 shares of company stock valued at $2,934,408. 3.20% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in AIMC. Bank of America Corp DE boosted its holdings in shares of Altra Industrial Motion Corp. by 31.6% during the 1st quarter. Bank of America Corp DE now owns 241,876 shares of the industrial products company’s stock valued at $9,421,000 after acquiring an additional 58,023 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Altra Industrial Motion Corp. by 10.2% in the first quarter. AQR Capital Management LLC now owns 46,319 shares of the industrial products company’s stock valued at $1,804,000 after buying an additional 4,294 shares during the period. Vanguard Group Inc. increased its stake in shares of Altra Industrial Motion Corp. by 6.1% in the first quarter. Vanguard Group Inc. now owns 2,040,568 shares of the industrial products company’s stock valued at $79,480,000 after buying an additional 117,984 shares during the period. Macquarie Group Ltd. raised its holdings in Altra Industrial Motion Corp. by 1.2% in the 1st quarter. Macquarie Group Ltd. now owns 1,202,576 shares of the industrial products company’s stock valued at $46,840,000 after buying an additional 14,745 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. raised its holdings in Altra Industrial Motion Corp. by 1.2% in the 2nd quarter. Eagle Boston Investment Management Inc. now owns 202,803 shares of the industrial products company’s stock valued at $8,071,000 after buying an additional 2,373 shares during the last quarter. Institutional investors own 98.31% 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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