Altra Industrial Motion Corp. (NASDAQ:AIMC) Director Lipscomb S. Michael sold 25,000 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $48.34, for a total value of $1,208,500.00. Following the sale, the director now owns 15,848 shares in the company, valued at approximately $766,092.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of Altra Industrial Motion Corp. (NASDAQ AIMC) traded down 1.55% during midday trading on Monday, hitting $47.65. The company had a trading volume of 102,553 shares. The firm’s 50-day moving average is $47.72 and its 200-day moving average is $43.55. The firm has a market capitalization of $1.40 billion, a P/E ratio of 39.84 and a beta of 1.67. Altra Industrial Motion Corp. has a 12-month low of $28.90 and a 12-month high of $50.00.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last issued its earnings results on Friday, October 20th. The industrial products company reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Altra Industrial Motion Corp. had a return on equity of 16.30% and a net margin of 4.92%. The company had revenue of $214.60 million during the quarter, compared to the consensus estimate of $210.79 million. During the same period in the previous year, the company posted $0.35 EPS. The firm’s revenue for the quarter was up 24.0% compared to the same quarter last year. On average, analysts predict that Altra Industrial Motion Corp. will post $2.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Monday, December 18th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.68 annualized dividend and a dividend yield of 1.43%. Altra Industrial Motion Corp.’s dividend payout ratio is currently 48.23%.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. boosted its stake in shares of Altra Industrial Motion Corp. by 23.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,517 shares of the industrial products company’s stock worth $100,000 after acquiring an additional 479 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Altra Industrial Motion Corp. by 44.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,268 shares of the industrial products company’s stock worth $128,000 after acquiring an additional 1,010 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of Altra Industrial Motion Corp. by 191.6% during the 2nd quarter. Great West Life Assurance Co. Can now owns 4,453 shares of the industrial products company’s stock worth $176,000 after acquiring an additional 2,926 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Altra Industrial Motion Corp. by 848.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,646 shares of the industrial products company’s stock worth $185,000 after acquiring an additional 4,156 shares during the period. Finally, Simplex Trading LLC boosted its stake in shares of Altra Industrial Motion Corp. by 244.6% during the 3rd quarter. Simplex Trading LLC now owns 4,935 shares of the industrial products company’s stock worth $237,000 after acquiring an additional 3,503 shares during the period. Institutional investors own 98.56% of the company’s stock.

AIMC has been the topic of several recent analyst reports. Zacks Investment Research upgraded Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Thursday, October 5th. Robert W. Baird restated a “hold” rating and set a $48.00 price objective on shares of Altra Industrial Motion Corp. in a report on Wednesday, October 4th. 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 objective on the stock. in a report on Wednesday, October 4th. They noted that the move was a valuation call. Finally, BMO Capital Markets restated a “buy” rating and set a $53.00 price objective on shares of Altra Industrial Motion Corp. in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Altra Industrial Motion Corp. currently has an average rating of “Hold” and a consensus price target of $49.20.

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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