Altra Industrial Motion Corp (NASDAQ:AIMC) VP Craig Schuele sold 3,315 shares of the stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $50.00, for a total value of $165,750.00. Following the completion of the sale, the vice president now owns 67,886 shares of the company’s stock, valued at $3,394,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Craig Schuele also recently made the following trade(s):

  • On Wednesday, October 18th, Craig Schuele sold 1,685 shares of Altra Industrial Motion stock. The shares were sold at an average price of $50.00, for a total value of $84,250.00.

Altra Industrial Motion Corp (NASDAQ:AIMC) traded up $0.10 during trading on Friday, reaching $50.50. The company had a trading volume of 56,000 shares, compared to its average volume of 143,537. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.57 and a current ratio of 2.69. Altra Industrial Motion Corp has a 12-month low of $35.20 and a 12-month high of $50.70. The firm has a market capitalization of $1,475.48, a price-to-earnings ratio of 35.82 and a beta of 1.66.

Altra Industrial Motion (NASDAQ:AIMC) last issued 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. Altra Industrial Motion had a return on equity of 16.30% and a net margin of 4.92%. The company had revenue of $214.60 million for the quarter, compared to analyst estimates of $210.79 million. During the same period last year, the company earned $0.35 earnings per share. Altra Industrial Motion’s quarterly revenue was up 24.0% compared to the same quarter last year. sell-side analysts anticipate that Altra Industrial Motion Corp will post 2.05 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Monday, December 18th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.35%. The ex-dividend date is Friday, December 15th. Altra Industrial Motion’s payout ratio is currently 48.23%.

A number of institutional investors and hedge funds have recently modified their holdings of AIMC. Ameritas Investment Partners Inc. grew its holdings in Altra Industrial Motion by 23.5% in the second quarter. Ameritas Investment Partners Inc. now owns 2,517 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 479 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of Altra Industrial Motion by 191.6% in 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 acquiring an additional 2,926 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Altra Industrial Motion by 848.2% in the second quarter. BNP Paribas Arbitrage SA now owns 4,646 shares of the industrial products company’s stock valued at $185,000 after acquiring an additional 4,156 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Altra Industrial Motion during the third quarter worth approximately $203,000. Finally, Stifel Financial Corp lifted its position in Altra Industrial Motion 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 buying an additional 148 shares in the last quarter. 99.22% of the stock is currently owned by institutional investors.

Several research analysts have recently issued reports on the company. BidaskClub upgraded Altra Industrial Motion from a “hold” rating to a “buy” rating in a research note on Wednesday. ValuEngine cut Altra Industrial Motion from a “buy” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research cut Altra Industrial Motion from a “buy” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird restated a “neutral” rating on shares of Altra Industrial Motion in a research note on Monday, October 23rd. Finally, Sidoti cut Altra Industrial Motion from a “buy” rating to a “neutral” rating and set a $53.00 price objective for the company. in a research note on Wednesday, October 4th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $49.20.

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About Altra Industrial Motion

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.

Insider Buying and Selling by Quarter for Altra Industrial Motion (NASDAQ:AIMC)

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