Altra Industrial Motion Corp. (NASDAQ:AIMC) Chairman Carl R. Christenson sold 10,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $47.00, for a total value of $470,000.00. Following the completion of the transaction, the chairman now directly owns 98,805 shares of the company’s stock, valued at approximately $4,643,835. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Altra Industrial Motion Corp. (NASDAQ AIMC) opened at 47.60 on Monday. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 39.80 and a beta of 1.64. Altra Industrial Motion Corp. has a 52 week low of $26.56 and a 52 week high of $47.60. The company’s 50-day moving average price is $45.07 and its 200-day moving average price is $41.53.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Investors of record on Monday, September 18th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Friday, September 15th. Altra Industrial Motion Corp.’s payout ratio is 59.13%.

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Hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. boosted its holdings in Altra Industrial Motion Corp. by 23.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,517 shares of the industrial products company’s stock worth $100,000 after buying an additional 479 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Altra Industrial Motion Corp. by 44.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,268 shares of the industrial products company’s stock worth $128,000 after buying an additional 1,010 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in Altra Industrial Motion Corp. by 191.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 4,453 shares of the industrial products company’s stock worth $176,000 after buying an additional 2,926 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Altra Industrial Motion Corp. by 848.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,646 shares of the industrial products company’s stock worth $185,000 after buying an additional 4,156 shares during the last quarter. Finally, 1st Global Advisors Inc. acquired a new stake in Altra Industrial Motion Corp. in the 1st quarter worth about $202,000. Institutional investors own 98.31% of the company’s stock.

AIMC has been the subject of a number of recent analyst reports. BidaskClub lowered Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Zacks Investment Research lowered Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. BMO Capital Markets reaffirmed a “buy” rating and issued a $53.00 price objective on shares of Altra Industrial Motion Corp. in a research note on Thursday, July 27th. Finally, ValuEngine raised Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average 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)

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