Dimensional Fund Advisors LP lifted its holdings in shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,301,192 shares of the industrial products company’s stock after acquiring an additional 17,428 shares during the period. Dimensional Fund Advisors LP owned 4.44% of Altra Industrial Motion Corp. worth $51,787,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Schwab Charles Investment Management Inc. grew its position in shares of Altra Industrial Motion Corp. by 15.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 169,644 shares of the industrial products company’s stock worth $6,752,000 after acquiring an additional 22,833 shares during the last quarter. Bank of America Corp DE grew its position in shares of Altra Industrial Motion Corp. by 31.6% during 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 acquiring an additional 58,023 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Altra Industrial Motion Corp. by 10.2% during the first quarter. AQR Capital Management LLC now owns 46,319 shares of the industrial products company’s stock worth $1,804,000 after acquiring an additional 4,294 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Altra Industrial Motion Corp. by 1.4% during the second quarter. JPMorgan Chase & Co. now owns 1,749,808 shares of the industrial products company’s stock worth $69,642,000 after acquiring an additional 23,428 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Altra Industrial Motion Corp. by 6.1% during the first quarter. Vanguard Group Inc. now owns 2,040,568 shares of the industrial products company’s stock worth $79,480,000 after acquiring an additional 117,984 shares during the last quarter. Institutional investors and hedge funds own 98.31% of the company’s stock.

AIMC has been the topic of a number of research reports. ValuEngine lowered shares of Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research lowered shares of Altra Industrial Motion Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. BMO Capital Markets reiterated a “buy” rating and issued a $53.00 price objective on shares of Altra Industrial Motion Corp. in a research report on Thursday, July 27th. Robert W. Baird reiterated a “hold” rating and issued a $48.00 price objective on shares of Altra Industrial Motion Corp. in a research report on Wednesday, October 4th. Finally, BidaskClub lowered shares of Altra Industrial Motion Corp. from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.20.

COPYRIGHT VIOLATION NOTICE: This story was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another publication, it was stolen and republished in violation of United States & international trademark & copyright laws. The correct version of this story can be accessed at https://www.thecerbatgem.com/2017/10/20/dimensional-fund-advisors-lp-increases-stake-in-altra-industrial-motion-corp-aimc.html.

Altra Industrial Motion Corp. (NASDAQ:AIMC) opened at 49.30 on Friday. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 41.22 and a beta of 1.67. Altra Industrial Motion Corp. has a 52-week low of $27.35 and a 52-week high of $50.00. The company has a 50-day moving average of $47.31 and a 200-day moving average of $43.10.

Altra Industrial Motion Corp. (NASDAQ:AIMC) last issued its earnings results on Tuesday, July 25th. The industrial products company reported $0.57 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $219.15 million. During the same period last year, the company earned $0.42 earnings per share. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. Equities research analysts expect that Altra Industrial Motion Corp. will post $2.04 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Monday, December 18th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.38%. The ex-dividend date is Friday, December 15th. Altra Industrial Motion Corp.’s dividend payout ratio is presently 59.13%.

In other news, Director Lyle G. Ganske sold 10,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $45.30, for a total value of $453,000.00. Following the completion of the transaction, the director now owns 11,493 shares of the company’s stock, valued at $520,632.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Carl R. Christenson sold 8,323 shares of the 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 of the company’s stock, valued at approximately $4,643,835. The disclosure for this sale can be found here. Insiders sold 64,104 shares of company stock worth $2,934,408 over the last ninety days. 3.20% of the stock is owned by corporate insiders.

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.

Institutional Ownership 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.