Altra Industrial Motion Corp. (NASDAQ:AIMC) VP Glenn E. Deegan sold 1,825 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $43.37, for a total value of $79,150.25. Following the transaction, the vice president now directly owns 41,419 shares of the company’s stock, valued at $1,796,342.03. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Altra Industrial Motion Corp. (AIMC) opened at 44.60 on Friday. The company’s 50 day moving average price is $42.55 and its 200 day moving average price is $40.82. Altra Industrial Motion Corp. has a 12 month low of $26.24 and a 12 month high of $46.90. The stock has a market capitalization of $1.31 billion, a PE ratio of 37.29 and a beta of 1.67.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last released its earnings results on Tuesday, July 25th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.07. The company had revenue of $223.35 million during the quarter, compared to analyst estimates of $219.15 million. Altra Industrial Motion Corp. had a return on equity of 16.50% and a net margin of 4.17%. The company’s revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.42 earnings per share. Equities analysts anticipate that Altra Industrial Motion Corp. will post $2.04 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Monday, September 18th will be issued a $0.17 dividend. The ex-dividend date is Friday, September 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.52%. Altra Industrial Motion Corp.’s payout ratio is currently 59.13%.

ILLEGAL ACTIVITY NOTICE: This piece was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/25/altra-industrial-motion-corp-aimc-vp-sells-79150-25-in-stock.html.

Several hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its position in Altra Industrial Motion Corp. by 2.7% in the first quarter. Wells Fargo & Company MN now owns 640,923 shares of the industrial products company’s stock worth $24,964,000 after buying an additional 16,750 shares during the period. Bank of America Corp DE increased its position in Altra Industrial Motion Corp. by 31.6% in the first quarter. Bank of America Corp DE now owns 241,876 shares of the industrial products company’s stock worth $9,421,000 after buying an additional 58,023 shares during the period. AQR Capital Management LLC increased its position in Altra Industrial Motion Corp. by 10.2% in the first quarter. AQR Capital Management LLC now owns 46,319 shares of the industrial products company’s stock worth $1,804,000 after buying an additional 4,294 shares during the period. Bbva Compass Bancshares Inc. increased its position in Altra Industrial Motion Corp. by 4.6% in the first quarter. Bbva Compass Bancshares Inc. now owns 7,098 shares of the industrial products company’s stock worth $277,000 after buying an additional 311 shares during the period. Finally, Vanguard Group Inc. increased its position in Altra Industrial Motion Corp. by 6.1% in the first quarter. Vanguard Group Inc. now owns 2,040,568 shares of the industrial products company’s stock worth $79,480,000 after buying an additional 117,984 shares during the period. Institutional investors own 97.54% of the company’s stock.

AIMC has been the subject of several research analyst reports. Zacks Investment Research downgraded Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. BidaskClub downgraded Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Jefferies Group LLC upped their target price on Altra Industrial Motion Corp. from $38.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, May 8th. BMO Capital Markets upped their target price on Altra Industrial Motion Corp. from $46.00 to $49.00 and gave the stock an “outperform” rating in a research note on Monday, May 1st. Finally, TheStreet raised Altra Industrial Motion Corp. from a “c+” rating to a “b” rating in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Altra Industrial Motion Corp. presently has an average rating of “Buy” and a consensus target price of $47.33.

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. It manufactures a range of couplings suitable for various industrial and specialty applications.

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

Receive News & Stock Ratings for Altra Industrial Motion Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altra Industrial Motion Corp. and related stocks with our FREE daily email newsletter.