Altra Industrial Motion Corp. (NASDAQ:AIMC) VP Gerald P. Ferris sold 15,000 shares of the business’s stock in a transaction on Friday, November 25th. The stock was sold at an average price of $35.40, for a total transaction of $531,000.00. Following the completion of the sale, the vice president now directly owns 46,183 shares in the company, valued at approximately $1,634,878.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Altra Industrial Motion Corp. (NASDAQ:AIMC) opened at 35.05 on Tuesday. The stock’s 50 day moving average is $31.29 and its 200 day moving average is $28.83. The firm has a market cap of $907.23 million, a price-to-earnings ratio of 30.50 and a beta of 1.36. Altra Industrial Motion Corp. has a one year low of $20.55 and a one year high of $35.85.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last released its earnings results on Friday, October 21st. The company reported $0.35 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. Altra Industrial Motion Corp. had a net margin of 4.17% and a return on equity of 15.75%. The company had revenue of $173.10 million for the quarter, compared to analyst estimates of $175.10 million. During the same quarter last year, the firm earned $0.43 EPS. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. On average, analysts predict 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 4th. Investors of record on Monday, December 19th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Thursday, December 15th. Altra Industrial Motion Corp.’s dividend payout ratio is currently 53.10%.

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Several equities analysts recently issued reports on the stock. TheStreet lowered shares of Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a report on Friday, October 21st. Zacks Investment Research lowered shares of Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a report on Monday, August 29th. Finally, Stephens upgraded shares of Altra Industrial Motion Corp. from an “equal weight” rating to an “overweight” rating in a report on Monday, October 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $29.00.

Institutional investors have recently added to or reduced their stakes in the stock. Integrated Investment Consultants LLC raised its position in Altra Industrial Motion Corp. by 15.0% in the third quarter. Integrated Investment Consultants LLC now owns 4,155 shares of the company’s stock valued at $120,000 after buying an additional 543 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of Altra Industrial Motion Corp. during the second quarter worth about $187,000. Stevens Capital Management LP purchased a new stake in shares of Altra Industrial Motion Corp. during the third quarter worth about $209,000. Principal Financial Group Inc. purchased a new stake in shares of Altra Industrial Motion Corp. during the second quarter worth about $204,000. Finally, Algert Global LLC purchased a new stake in shares of Altra Industrial Motion Corp. during the second quarter worth about $218,000.

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. 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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