Altra Industrial Motion Corp. (NASDAQ:AIMC) CFO Christian Storch sold 10,000 shares of the stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $30.75, for a total transaction of $307,500.00. Following the completion of the transaction, the chief financial officer now directly owns 17,672 shares in the company, valued at $543,414. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Christian Storch also recently made the following trade(s):

  • On Thursday, October 27th, Christian Storch sold 7,531 shares of Altra Industrial Motion Corp. stock. The shares were sold at an average price of $29.46, for a total transaction of $221,863.26.

Shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) opened at 34.50 on Monday. The firm has a market cap of $893.00 million, a PE ratio of 30.03 and a beta of 1.36. Altra Industrial Motion Corp. has a 1-year low of $20.55 and a 1-year high of $34.70. The stock has a 50 day moving average of $29.48 and a 200 day moving average of $28.34.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last posted its earnings results on Friday, October 21st. The company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. Altra Industrial Motion Corp. had a net margin of 4.17% and a return on equity of 15.75%. The business had revenue of $173.10 million for the quarter, compared to analysts’ expectations of $175.10 million. During the same period in the previous year, the company posted $0.43 earnings per share. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. Equities research analysts anticipate that Altra Industrial Motion Corp. will post $1.49 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Altra Industrial Motion Corp. (NASDAQ:AIMC)

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Monday, December 19th will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, December 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.74%. Altra Industrial Motion Corp.’s payout ratio is currently 53.10%.

AIMC has been the subject of a number of recent research reports. TheStreet upgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, November 9th. Stephens upgraded shares of Altra Industrial Motion Corp. from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 24th. Finally, Zacks Investment Research cut shares of Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 23rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $29.00.

Several hedge funds and other institutional investors have recently bought and sold shares of AIMC. Vanguard Group Inc. boosted its position in Altra Industrial Motion Corp. by 2.9% in the second quarter. Vanguard Group Inc. now owns 1,837,326 shares of the company’s stock worth $49,571,000 after buying an additional 51,063 shares during the last quarter. Silvercrest Asset Management Group LLC raised its stake in shares of Altra Industrial Motion Corp. by 12.4% in the second quarter. Silvercrest Asset Management Group LLC now owns 1,492,878 shares of the company’s stock worth $40,278,000 after buying an additional 165,048 shares during the period. Victory Capital Management Inc. raised its stake in shares of Altra Industrial Motion Corp. by 5.1% in the third quarter. Victory Capital Management Inc. now owns 1,436,542 shares of the company’s stock worth $41,617,000 after buying an additional 69,338 shares during the period. Frontier Capital Management Co. LLC raised its stake in shares of Altra Industrial Motion Corp. by 5.9% in the second quarter. Frontier Capital Management Co. LLC now owns 1,060,611 shares of the company’s stock worth $28,615,000 after buying an additional 59,065 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Altra Industrial Motion Corp. by 0.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 679,799 shares of the company’s stock worth $18,885,000 after buying an additional 2,534 shares during the period.

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. The Company’s products are used to control and transmit power and torque in virtually any industrial application involving movement.

5 Day Chart for NASDAQ:AIMC

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