Altra Industrial Motion Corp. (NASDAQ:AIMC) CEO Carl R. Christenson sold 8,323 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $47.00, for a total value of $391,181.00. Following the completion of the transaction, the chief executive officer now directly owns 98,805 shares in the company, valued at approximately $4,643,835. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Altra Industrial Motion Corp. (AIMC) opened at 47.60 on Monday. The stock’s 50 day moving average price is $45.07 and its 200 day moving average price is $41.53. The firm has a market cap 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.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last released its quarterly earnings data 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 company had revenue of $223.35 million for the quarter, compared to the consensus estimate of $219.15 million. During the same quarter last year, the business posted $0.42 EPS. Altra Industrial Motion Corp.’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, equities research analysts predict that Altra Industrial Motion Corp. will post $2.04 EPS for the current 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 dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Friday, September 15th. Altra Industrial Motion Corp.’s dividend payout ratio (DPR) is 59.13%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Altra Industrial Motion Corp. by 9.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,229,616 shares of the industrial products company’s stock valued at $88,739,000 after acquiring an additional 189,048 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Altra Industrial Motion Corp. by 1.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,749,808 shares of the industrial products company’s stock valued at $69,642,000 after acquiring an additional 23,428 shares in the last quarter. Earnest Partners LLC boosted its holdings in shares of Altra Industrial Motion Corp. by 0.7% during the 2nd quarter. Earnest Partners LLC now owns 1,558,545 shares of the industrial products company’s stock valued at $62,030,000 after acquiring an additional 11,531 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Altra Industrial Motion Corp. by 1.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,301,192 shares of the industrial products company’s stock valued at $51,787,000 after acquiring an additional 17,428 shares in the last quarter. Finally, Frontier Capital Management Co. LLC boosted its holdings in shares of Altra Industrial Motion Corp. by 3.1% during the 1st quarter. Frontier Capital Management Co. LLC now owns 1,283,467 shares of the industrial products company’s stock valued at $49,991,000 after acquiring an additional 38,623 shares in the last quarter. 98.31% of the stock is currently owned by institutional investors.

A number of equities analysts have commented on the company. Zacks Investment Research lowered Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. BidaskClub lowered Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. ValuEngine raised Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BMO Capital Markets reissued 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. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $47.33.

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. 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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