Goldman Sachs Group Inc. trimmed its position in shares of Altra Industrial Motion Corp. (NASDAQ:AIMC) by 42.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,339 shares of the industrial products company’s stock after selling 3,976 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Altra Industrial Motion Corp. were worth $212,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp boosted its position in shares of Altra Industrial Motion Corp. by 2.5% during the second quarter. Stifel Financial Corp now owns 5,953 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 148 shares in the last quarter. Zacks Investment Management boosted its position in shares of Altra Industrial Motion Corp. by 15.5% during the second quarter. Zacks Investment Management now owns 33,232 shares of the industrial products company’s stock worth $1,323,000 after purchasing an additional 4,451 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Altra Industrial Motion Corp. by 5.7% during the second quarter. Voya Investment Management LLC now owns 14,961 shares of the industrial products company’s stock worth $595,000 after purchasing an additional 804 shares in the last quarter. OxFORD Asset Management LLP bought a new position in shares of Altra Industrial Motion Corp. during the second quarter worth $1,429,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Altra Industrial Motion Corp. by 1.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,301,192 shares of the industrial products company’s stock worth $51,787,000 after purchasing an additional 17,428 shares in the last quarter. 99.55% of the stock is currently owned by institutional investors.

In other Altra Industrial Motion Corp. news, VP Gerald P. Ferris sold 5,223 shares of Altra Industrial Motion Corp. stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $46.00, for a total value of $240,258.00. Following the sale, the vice president now directly owns 16,722 shares in the company, valued at approximately $769,212. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lipscomb S. Michael sold 25,000 shares of Altra Industrial Motion Corp. stock in a transaction on Friday, October 27th. The shares were sold at an average price of $48.34, for a total transaction of $1,208,500.00. Following the completion of the sale, the director now owns 15,848 shares in the company, valued at $766,092.32. The disclosure for this sale can be found here. Insiders sold a total of 64,064 shares of company stock worth $3,032,307 over the last ninety days. 3.20% of the stock is currently owned by insiders.

AIMC has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Thursday, October 5th. ValuEngine raised shares of Altra Industrial Motion Corp. from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Robert W. Baird reissued a “hold” rating and set a $48.00 price target on shares of Altra Industrial Motion Corp. in a research report on Wednesday, October 4th. Sidoti cut shares of Altra Industrial Motion Corp. from a “buy” rating to a “neutral” rating and set a $53.00 price target on the stock. in a research report on Wednesday, October 4th. They noted that the move was a valuation call. Finally, BMO Capital Markets reissued a “buy” rating and set a $53.00 price target on shares of Altra Industrial Motion Corp. in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $49.20.

Shares of Altra Industrial Motion Corp. (NASDAQ AIMC) opened at $47.60 on Tuesday. The company has a market cap of $1,386.19, a price-to-earnings ratio of 23.79 and a beta of 1.67. Altra Industrial Motion Corp. has a 52-week low of $34.20 and a 52-week high of $50.00. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.69 and a quick ratio of 1.57.

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, beating the consensus estimate of $0.46 by $0.02. The business had revenue of $214.60 million for the quarter, compared to analysts’ expectations of $210.79 million. Altra Industrial Motion Corp. had a net margin of 4.92% and a return on equity of 16.30%. The firm’s revenue was up 24.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS. equities analysts predict that Altra Industrial Motion Corp. will post 2.05 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Investors of record on Monday, December 18th will be given a $0.17 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.68 annualized dividend and a yield of 1.43%. Altra Industrial Motion Corp.’s dividend payout ratio is currently 48.23%.

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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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Institutional Ownership by Quarter for Altra Industrial Motion Corp. (NASDAQ:AIMC)

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