Altra Industrial Motion Corp. (NASDAQ:AIMC) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $49.15 and last traded at $49.15, with a volume of 159,558 shares traded. The stock had previously closed at $48.10.

A number of brokerages have issued reports on AIMC. ValuEngine downgraded shares of Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a research report on Monday. Zacks Investment Research downgraded Altra Industrial Motion Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. BMO Capital Markets reissued a “buy” rating and issued a $53.00 price objective on shares of Altra Industrial Motion Corp. in a report on Wednesday, September 6th. Finally, BidaskClub downgraded shares of Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $47.33.

The stock has a 50-day moving average of $46.38 and a 200-day moving average of $42.32. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 40.76 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, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.07. The firm had revenue of $223.35 million during the quarter, compared to analyst estimates of $219.15 million. Altra Industrial Motion Corp. had a net margin of 4.17% and a return on equity of 16.50%. The business’s revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the business earned $0.42 EPS. Equities research analysts predict that Altra Industrial Motion Corp. will post $2.04 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 3rd. Investors of record on Monday, September 18th were issued a $0.17 dividend. The ex-dividend date was Friday, September 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.39%. Altra Industrial Motion Corp.’s payout ratio is 59.13%.

In related news, Chairman Carl R. Christenson sold 10,000 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $47.00, for a total value of $470,000.00. Following the completion of the sale, the chairman now directly owns 98,805 shares of the company’s stock, valued at $4,643,835. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Glenn E. Deegan sold 1,825 shares of the stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $43.37, for a total transaction of $79,150.25. Following the transaction, the vice president now owns 41,419 shares in the company, valued at $1,796,342.03. The disclosure for this sale can be found here. Insiders have sold a total of 64,104 shares of company stock worth $2,934,408 in the last three months. Corporate insiders own 3.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. lifted its position in shares of 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 purchasing an additional 479 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Altra Industrial Motion Corp. by 44.7% during the first quarter. Envestnet Asset Management Inc. now owns 3,268 shares of the industrial products company’s stock valued at $128,000 after purchasing an additional 1,010 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Altra Industrial Motion Corp. by 191.6% during the second quarter. Great West Life Assurance Co. Can now owns 4,453 shares of the industrial products company’s stock valued at $176,000 after purchasing an additional 2,926 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Altra Industrial Motion Corp. by 848.2% during the second quarter. BNP Paribas Arbitrage SA now owns 4,646 shares of the industrial products company’s stock valued at $185,000 after purchasing an additional 4,156 shares in the last quarter. Finally, Stifel Financial Corp bought a new position in shares of Altra Industrial Motion Corp. during the first quarter valued at approximately $226,000. 98.31% of the stock is currently owned by institutional investors and hedge funds.

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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.

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