Robert W. Baird reissued their hold rating on shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) in a research report report published on Wednesday. Robert W. Baird currently has a $48.00 target price on the industrial products company’s stock.

AIMC has been the topic of a number of other research reports. BMO Capital Markets reaffirmed a buy rating and set 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 downgraded shares of Altra Industrial Motion Corp. from a hold rating to a sell rating in a research note on Saturday, June 24th. Finally, 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 on the stock in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Altra Industrial Motion Corp. currently has a consensus rating of Hold and an average target price of $49.20.

Altra Industrial Motion Corp. (NASDAQ AIMC) traded down 1.20% during mid-day trading on Wednesday, reaching $45.45. 230,573 shares of the company traded hands. Altra Industrial Motion Corp. has a 52-week low of $27.35 and a 52-week high of $49.60. The stock has a market capitalization of $1.33 billion, a PE ratio of 38.00 and a beta of 1.67. The stock has a 50-day moving average of $46.42 and a 200 day moving average of $42.35.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last announced its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. The business had revenue of $223.35 million for the quarter, compared to the consensus estimate of $219.15 million. Altra Industrial Motion Corp. had a net margin of 4.17% and a return on equity of 16.50%. The company’s quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.42 earnings per share. Equities research analysts expect that Altra Industrial Motion Corp. will post $2.04 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Monday, September 18th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend was Friday, September 15th. Altra Industrial Motion Corp.’s dividend payout ratio is currently 59.13%.

In other Altra Industrial Motion Corp. news, VP Gerald P. Ferris sold 15,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $44.50, for a total transaction of $667,500.00. Following the transaction, the vice president now owns 16,722 shares of the company’s stock, valued at $744,129. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Carl R. Christenson sold 10,000 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $47.00, for a total transaction of $470,000.00. Following the transaction, the chairman now directly owns 98,805 shares in the company, valued at approximately $4,643,835. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 64,104 shares of company stock worth $2,934,408. 3.20% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Altra Industrial Motion Corp. by 9.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,229,616 shares of the industrial products company’s stock valued at $88,739,000 after acquiring an additional 189,048 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Altra Industrial Motion Corp. by 1.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,749,808 shares of the industrial products company’s stock valued at $69,642,000 after acquiring an additional 23,428 shares during the period. Earnest Partners LLC raised its stake in shares of Altra Industrial Motion Corp. by 0.7% in the 2nd quarter. Earnest Partners LLC now owns 1,558,545 shares of the industrial products company’s stock valued at $62,030,000 after acquiring an additional 11,531 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Altra Industrial Motion Corp. by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,301,192 shares of the industrial products company’s stock valued at $51,787,000 after acquiring an additional 17,428 shares during the period. Finally, Macquarie Group Ltd. raised its stake in shares of Altra Industrial Motion Corp. by 3.2% in the 2nd quarter. Macquarie Group Ltd. now owns 1,240,699 shares of the industrial products company’s stock valued at $49,380,000 after acquiring an additional 38,123 shares during the period. 98.31% of the stock is currently owned by institutional investors and hedge funds.

About Altra Industrial Motion Corp.

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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