Altra Industrial Motion Corp. (NASDAQ:AIMC)‘s stock had its “hold” rating reissued by equities research analysts at Robert W. Baird in a note issued to investors on Wednesday. They presently have a $48.00 target price on the industrial products company’s stock. Robert W. Baird’s target price points to a potential upside of 5.44% from the company’s previous close.

Several other brokerages have also recently commented on AIMC. ValuEngine cut shares of Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a report on Monday. Zacks Investment Research cut shares of Altra Industrial Motion Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 26th. BMO Capital Markets reiterated a “buy” rating and issued a $53.00 target price on shares of Altra Industrial Motion Corp. in a report on Thursday, July 27th. Finally, BidaskClub cut shares of Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a report on Saturday, June 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Altra Industrial Motion Corp. currently has a consensus rating of “Hold” and a consensus price target of $49.20.

Altra Industrial Motion Corp. (NASDAQ:AIMC) opened at 45.55 on Wednesday. Altra Industrial Motion Corp. has a 52-week low of $27.35 and a 52-week high of $49.60. The stock has a 50 day moving average of $46.46 and a 200-day moving average of $42.37. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 38.09 and a beta of 1.67.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last announced its earnings results on Tuesday, July 25th. The industrial products company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. Altra Industrial Motion Corp. had a net margin of 4.17% and a return on equity of 16.50%. The company had revenue of $223.35 million during the quarter, compared to analysts’ expectations of $219.15 million. During the same period last year, the company posted $0.42 earnings per share. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. On average, analysts expect that Altra Industrial Motion Corp. will post $2.04 EPS for the current year.

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In related news, Director Lyle G. Ganske sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $45.30, for a total transaction of $453,000.00. Following the completion of the sale, the director now directly owns 11,493 shares in the company, valued at $520,632.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Glenn E. Deegan sold 1,825 shares of the firm’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 transaction of $79,150.25. Following the sale, the vice president now owns 41,419 shares of the company’s stock, valued at $1,796,342.03. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 64,104 shares of company stock valued at $2,934,408. 3.20% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. boosted its holdings in shares of Altra Industrial Motion Corp. by 23.5% during the second 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 holdings 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 worth $128,000 after purchasing an additional 1,010 shares during the period. Great West Life Assurance Co. Can boosted its holdings 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 worth $176,000 after purchasing an additional 2,926 shares during the period. BNP Paribas Arbitrage SA boosted its holdings 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 worth $185,000 after purchasing an additional 4,156 shares during the period. Finally, Stifel Financial Corp acquired a new stake in shares of Altra Industrial Motion Corp. during the first quarter worth approximately $226,000. Institutional investors and hedge funds own 98.31% of the company’s stock.

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.

Analyst Recommendations for Altra Industrial Motion Corp. (NASDAQ:AIMC)

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