BidaskClub upgraded shares of Altra Industrial Motion (NASDAQ:AIMC) from a strong sell rating to a sell rating in a report released on Tuesday, September 18th.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Altra Industrial Motion from a hold rating to a buy rating and set a $48.00 price target on the stock in a research note on Friday, May 25th. ValuEngine lowered shares of Altra Industrial Motion from a buy rating to a hold rating in a research report on Thursday, July 26th. BMO Capital Markets boosted their price objective on shares of Altra Industrial Motion from $58.00 to $59.00 and gave the stock an outperform rating in a research report on Friday, July 27th. Robert W. Baird restated a buy rating and issued a $52.00 target price on shares of Altra Industrial Motion in a report on Friday, July 20th. Finally, Sidoti upgraded shares of Altra Industrial Motion from a neutral rating to a buy rating and set a $51.00 target price on the stock in a report on Thursday, August 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $52.00.

AIMC stock traded up $0.10 on Tuesday, hitting $38.71. The company’s stock had a trading volume of 2,728,382 shares, compared to its average volume of 652,213. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.58 and a quick ratio of 1.50. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 18.88 and a beta of 1.69. Altra Industrial Motion has a 1 year low of $37.80 and a 1 year high of $53.70.

Altra Industrial Motion (NASDAQ:AIMC) last announced its quarterly earnings data on Thursday, July 26th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.05. Altra Industrial Motion had a net margin of 5.87% and a return on equity of 16.87%. The company had revenue of $237.32 million for the quarter, compared to analysts’ expectations of $239.02 million. During the same period in the previous year, the company posted $0.57 EPS. Altra Industrial Motion’s revenue was up 6.3% compared to the same quarter last year. As a group, analysts anticipate that Altra Industrial Motion will post 2.54 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 2nd. Stockholders of record on Monday, September 17th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, September 14th. This represents a $0.68 annualized dividend and a dividend yield of 1.76%. Altra Industrial Motion’s payout ratio is currently 33.17%.

In related news, VP Todd Patriacca sold 3,300 shares of the stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $46.00, for a total transaction of $151,800.00. Following the completion of the sale, the vice president now owns 22,590 shares of the company’s stock, valued at approximately $1,039,140. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.40% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of AIMC. WealthTrust Fairport LLC increased its position in Altra Industrial Motion by 131.4% during the 2nd quarter. WealthTrust Fairport LLC now owns 3,934 shares of the industrial products company’s stock worth $170,000 after purchasing an additional 2,234 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Altra Industrial Motion by 316.5% in the second quarter. Tower Research Capital LLC TRC now owns 4,094 shares of the industrial products company’s stock valued at $176,000 after acquiring an additional 3,111 shares in the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in Altra Industrial Motion in the second quarter valued at approximately $218,000. Xact Kapitalforvaltning AB grew its position in Altra Industrial Motion by 33.8% in the first quarter. Xact Kapitalforvaltning AB now owns 5,537 shares of the industrial products company’s stock valued at $254,000 after acquiring an additional 1,400 shares in the last quarter. Finally, UBS Group AG grew its position 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 valued at $303,000 after acquiring an additional 3,829 shares in the last quarter. 99.87% of the stock is owned by hedge funds and other institutional investors.

Altra Industrial Motion Company Profile

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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