Somewhat Positive News Coverage Somewhat Unlikely to Impact Altra Industrial Motion Corp. (AIMC) Share Price
Headlines about Altra Industrial Motion Corp. (NASDAQ:AIMC) have been trending somewhat positive on Friday, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Altra Industrial Motion Corp. earned a news impact score of 0.13 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.6420060033275 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
A number of analysts recently weighed in on the stock. ValuEngine cut shares of Altra Industrial Motion Corp. from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Sidoti cut shares of Altra Industrial Motion Corp. from a “buy” rating to a “neutral” rating and set a $53.00 target price for the company. in a report on Wednesday, October 4th. They noted that the move was a valuation call. Robert W. Baird restated a “hold” rating and set a $48.00 target price on shares of Altra Industrial Motion Corp. in a report on Wednesday, October 4th. 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. Finally, BMO Capital Markets restated a “buy” rating and set a $53.00 target price on shares of Altra Industrial Motion Corp. in a report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Altra Industrial Motion Corp. currently has a consensus rating of “Hold” and an average target price of $49.20.
Altra Industrial Motion Corp. (NASDAQ AIMC) traded up $0.30 during trading on Friday, reaching $46.45. 91,648 shares of the company were exchanged, compared to its average volume of 204,895. Altra Industrial Motion Corp. has a 1 year low of $32.50 and a 1 year high of $50.00. The company has a quick ratio of 1.57, a current ratio of 2.69 and a debt-to-equity ratio of 0.77. The firm has a market cap of $1,360.00, a price-to-earnings ratio of 23.12 and a beta of 1.67.
Altra Industrial Motion Corp. (NASDAQ:AIMC) last posted its quarterly earnings data on Friday, October 20th. The industrial products company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Altra Industrial Motion Corp. had a net margin of 4.92% and a return on equity of 16.30%. The firm had revenue of $214.60 million during the quarter, compared to analyst estimates of $210.79 million. During the same quarter last year, the business posted $0.35 EPS. The company’s revenue was up 24.0% on a year-over-year basis. equities analysts expect that Altra Industrial Motion Corp. will post 2.05 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Monday, December 18th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Friday, December 15th. Altra Industrial Motion Corp.’s dividend payout ratio is 48.23%.
In other Altra Industrial Motion Corp. news, VP Gerald P. Ferris sold 15,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $44.50, for a total value of $667,500.00. Following the completion of the sale, the vice president now owns 16,722 shares in the company, valued at approximately $744,129. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Craig Schuele sold 1,685 shares of the stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $50.00, for a total transaction of $84,250.00. Following the completion of the sale, the vice president now owns 71,201 shares of the company’s stock, valued at approximately $3,560,050. The disclosure for this sale can be found here. Insiders sold a total of 80,889 shares of company stock valued at $3,778,957 in the last ninety days. Company insiders own 3.20% 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.
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