Altra Industrial Motion Corp. (NASDAQ:AIMC) was downgraded by Sidoti from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday, MarketBeat.com reports. The analysts noted that the move was a valuation call.

AIMC has been the subject of a number of other research reports. BMO Capital Markets reissued a “buy” rating and issued a $53.00 price target on shares of Altra Industrial Motion Corp. in a research note on Wednesday, September 6th. ValuEngine raised 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. Zacks Investment Research raised shares of Altra Industrial Motion Corp. from a “hold” rating to a “strong-buy” rating and set a $49.00 price target for the company in a research note on Thursday, July 27th. Finally, Robert W. Baird reissued a “hold” rating and issued a $48.00 price target on shares of Altra Industrial Motion Corp. in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $47.50.

Shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) traded down 5.64% during trading on Wednesday, reaching $46.00. 471,205 shares of the company traded hands. The firm’s 50-day moving average is $46.38 and its 200-day moving average is $42.32. The stock has a market capitalization of $1.35 billion, a PE ratio of 38.46 and a beta of 1.67. Altra Industrial Motion Corp. has a 12-month low of $27.35 and a 12-month high of $49.60.

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

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In other news, Director Lyle G. Ganske sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $45.30, for a total value of $453,000.00. Following the completion of the sale, the director now owns 11,493 shares of the company’s stock, valued at approximately $520,632.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Carl R. Christenson sold 1,601 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were 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 directly owns 98,805 shares of the company’s stock, valued at approximately $4,643,835. The disclosure for this sale can be found here. Insiders sold a total of 64,104 shares of company stock valued at $2,934,408 in the last ninety days. 3.20% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in shares of Altra Industrial Motion Corp. by 31.6% in 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 purchasing an additional 58,023 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Altra Industrial Motion Corp. by 10.2% in the 1st quarter. AQR Capital Management LLC now owns 46,319 shares of the industrial products company’s stock valued at $1,804,000 after purchasing an additional 4,294 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Altra Industrial Motion Corp. by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 2,040,568 shares of the industrial products company’s stock valued at $79,480,000 after purchasing an additional 117,984 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of 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 purchasing an additional 14,745 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. boosted its stake in shares of 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 purchasing an additional 2,373 shares in the last quarter. 98.31% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Altra Industrial Motion Corp. (NASDAQ:AIMC)

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