Altra Industrial Motion Corp. (NASDAQ:AIMC)‘s stock had its “neutral” rating restated by equities researchers at Robert W. Baird in a research report issued to clients and investors on Monday.

AIMC has been the topic of a number of other research reports. BMO Capital Markets reiterated a “buy” rating and set a $53.00 price target on shares of Altra Industrial Motion Corp. in a report on Wednesday, September 6th. ValuEngine upgraded Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Sidoti downgraded Altra Industrial Motion Corp. from a “buy” rating to a “neutral” rating and set a $53.00 price target on the stock. in a report on Wednesday, October 4th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Altra Industrial Motion Corp. from a “hold” rating to a “strong-buy” rating and set a $49.00 price target on the stock in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $49.20.

Shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) opened at 48.30 on Monday. The stock has a 50 day moving average price of $47.46 and a 200 day moving average price of $43.33. The stock has a market capitalization of $1.42 billion, a P/E ratio of 40.38 and a beta of 1.67. Altra Industrial Motion Corp. has a 12 month low of $27.35 and a 12 month high of $50.00.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last issued its quarterly earnings results on Friday, October 20th. The industrial products company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Altra Industrial Motion Corp. had a return on equity of 16.50% and a net margin of 4.17%. The business had revenue of $214.60 million for the quarter, compared to the consensus estimate of $210.79 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. Altra Industrial Motion Corp.’s revenue for the quarter was up 24.0% compared to the same quarter last year. On average, analysts anticipate that Altra Industrial Motion Corp. will post $2.05 EPS for the current fiscal year.

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In related news, VP Craig Schuele sold 1,685 shares of Altra Industrial Motion Corp. stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $50.00, for a total transaction of $84,250.00. Following the completion of the sale, the vice president now owns 71,201 shares of the company’s stock, valued at $3,560,050. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Gerald P. Ferris sold 15,000 shares of Altra Industrial Motion Corp. stock in a transaction on Monday, August 21st. The shares were sold at an average price of $44.50, for a total value of $667,500.00. Following the sale, the vice president now directly owns 16,722 shares of the company’s stock, valued at approximately $744,129. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,789 shares of company stock valued at $3,018,658. Insiders own 3.20% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. boosted 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 purchasing an additional 479 shares during the last quarter. Envestnet Asset Management Inc. boosted 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 purchasing an additional 1,010 shares during the last quarter. Great West Life Assurance Co. Can boosted 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 purchasing an additional 2,926 shares during the last quarter. BNP Paribas Arbitrage SA boosted 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 purchasing an additional 4,156 shares during the last quarter. Finally, Stifel Financial Corp acquired a new stake in Altra Industrial Motion Corp. during the first quarter valued at $226,000. 98.31% of the stock is owned by hedge funds and other 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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