Shares of Altra Industrial Motion Corp (NASDAQ:AIMC) have been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $50.00.
Several research analysts have recently commented on the company. ValuEngine raised Altra Industrial Motion from a “sell” rating to a “hold” rating in a report on Wednesday, September 19th. Zacks Investment Research lowered Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. BidaskClub raised Altra Industrial Motion from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 18th. Sidoti raised Altra Industrial Motion from a “neutral” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Thursday, August 30th. Finally, BMO Capital Markets cut their price objective on Altra Industrial Motion from $59.00 to $56.00 and set an “outperform” rating for the company in a report on Thursday, August 30th.
Shares of NASDAQ AIMC opened at $31.55 on Monday. Altra Industrial Motion has a 12 month low of $30.51 and a 12 month high of $53.70. The company has a quick ratio of 1.35, a current ratio of 2.34 and a debt-to-equity ratio of 0.61. The stock has a market cap of $2.03 billion, a PE ratio of 15.39 and a beta of 1.80.
Altra Industrial Motion (NASDAQ:AIMC) last issued its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.05. Altra Industrial Motion had a return on equity of 17.72% and a net margin of 5.68%. The company had revenue of $228.48 million during the quarter, compared to analyst estimates of $225.89 million. Sell-side analysts anticipate that Altra Industrial Motion will post 2.39 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Monday, December 17th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.16%. The ex-dividend date is Friday, December 14th. Altra Industrial Motion’s dividend payout ratio is currently 33.17%.
In other news, Chairman Carl R. Christenson bought 5,000 shares of the business’s stock in a transaction on Tuesday, October 30th. The stock was acquired at an average price of $31.44 per share, with a total value of $157,200.00. Following the completion of the purchase, the chairman now directly owns 96,697 shares in the company, valued at $3,040,153.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.20% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of AIMC. UBS Group AG boosted its stake in Altra Industrial Motion by 138.7% in the first quarter. UBS Group AG now owns 6,589 shares of the industrial products company’s stock worth $303,000 after buying an additional 3,829 shares in the last quarter. Xact Kapitalforvaltning AB boosted its stake in Altra Industrial Motion by 28.9% in the second quarter. Xact Kapitalforvaltning AB now owns 7,137 shares of the industrial products company’s stock worth $308,000 after buying an additional 1,600 shares in the last quarter. First Trust Advisors LP boosted its stake in Altra Industrial Motion by 7.7% in the second quarter. First Trust Advisors LP now owns 42,141 shares of the industrial products company’s stock worth $1,816,000 after buying an additional 2,995 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Altra Industrial Motion by 18.2% in the second quarter. Victory Capital Management Inc. now owns 985,550 shares of the industrial products company’s stock worth $42,478,000 after buying an additional 152,097 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its stake in Altra Industrial Motion by 8.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 354,949 shares of the industrial products company’s stock worth $15,298,000 after buying an additional 29,100 shares in the last quarter.
About Altra Industrial Motion
Altra Industrial Motion Corp. designs, produces, and markets mechanical power transmission components worldwide. The company operates through three segments: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes; and Gearing. It offers coupling products under the Ameridrives, Bibby, Lamiflex, TB Wood's, Huco Dynatork, Guardian, and Stromag brands for food processing, oil and gas, power generation, material handling, medical, metals, mining, and mobile off-highway markets; and heavy duty clutches and brakes under the Wichita Clutch, Twiflex, Industrial Clutch, Svendborg Brakes, and Stromag brands for use in metal forming, oil and gas drilling platforms, mining, material handling, marine, and wind turbine applications.
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