Altra Industrial Motion Corp. (NASDAQ:AIMC)‘s stock had its “buy” rating reaffirmed by stock analysts at BMO Capital Markets in a note issued to investors on Wednesday.

Several other analysts have also recently issued reports on the stock. TheStreet raised shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, November 9th. Stephens raised 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 company currently has an average rating of “Buy” and an average target price of $29.00.

Altra Industrial Motion Corp. (NASDAQ:AIMC) traded up 2.18% during mid-day trading on Wednesday, hitting $35.15. 137,725 shares of the stock traded hands. The stock has a market cap of $909.82 million, a P/E ratio of 30.59 and a beta of 1.36. The stock has a 50-day moving average price of $31.29 and a 200-day moving average price of $28.83. Altra Industrial Motion Corp. has a 12 month low of $20.55 and a 12 month 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, hitting analysts’ consensus estimates of $0.35. The business earned $173.10 million during the quarter, compared to analysts’ expectations of $175.10 million. Altra Industrial Motion Corp. had a net margin of 4.17% and a return on equity of 15.75%. The company’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share. On average, equities analysts forecast that Altra Industrial Motion Corp. will post $1.49 earnings per share for the current year.

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

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In other news, VP Gerald P. Ferris sold 5,000 shares of the stock in a transaction that occurred on Monday, October 24th. The shares were sold at an average price of $30.00, for a total value of $150,000.00. Following the completion of the sale, the vice president now owns 58,011 shares of the company’s stock, valued at approximately $1,740,330. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Glenn E. Deegan sold 2,500 shares of the stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $29.01, for a total transaction of $72,525.00. Following the completion of the sale, the vice president now directly owns 36,334 shares of the company’s stock, valued at approximately $1,054,049.34. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the stock. I.G. Investment Management LTD. boosted its stake in Altra Industrial Motion Corp. by 1.9% in the second quarter. I.G. Investment Management LTD. now owns 37,647 shares of the company’s stock valued at $1,016,000 after buying an additional 694 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Altra Industrial Motion Corp. by 12.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 30,646 shares of the company’s stock valued at $827,000 after buying an additional 3,476 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Altra Industrial Motion Corp. during the second quarter valued at approximately $348,000. Emerald Acquisition Ltd. bought a new position in shares of Altra Industrial Motion Corp. during the second quarter valued at approximately $1,745,000. Finally, Frontier Capital Management Co. LLC raised its position 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 valued at $28,615,000 after buying an additional 59,065 shares in the last quarter.

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.

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