Altra Industrial Motion Corp (NASDAQ:AIMC) announced a quarterly dividend on Tuesday, February 13th, Zacks reports. Shareholders of record on Monday, March 19th will be given a dividend of 0.17 per share by the industrial products company on Tuesday, April 3rd. This represents a $0.68 annualized dividend and a yield of 1.48%. The ex-dividend date is Friday, March 16th.

Shares of Altra Industrial Motion (NASDAQ AIMC) opened at $45.80 on Wednesday. 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 company has a market capitalization of $1,355.45, a PE ratio of 32.48 and a beta of 1.61. Altra Industrial Motion has a fifty-two week low of $35.20 and a fifty-two week high of $53.70.

In other news, VP Craig Schuele sold 3,315 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $50.00, for a total transaction of $165,750.00. Following the completion of the sale, the vice president now owns 67,886 shares in the company, valued at approximately $3,394,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.20% of the stock is currently owned by insiders.

AIMC has been the subject of several recent analyst reports. Robert W. Baird restated a “neutral” rating on shares of Altra Industrial Motion in a report on Monday, October 23rd. Zacks Investment Research cut Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Thursday, December 14th. ValuEngine cut Altra Industrial Motion from a “buy” rating to a “hold” rating in a report on Tuesday, December 26th. Finally, BidaskClub upgraded Altra Industrial Motion from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $49.40.

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Altra Industrial Motion 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.

Dividend History for Altra Industrial Motion (NASDAQ:AIMC)

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