Altra Industrial Motion Corp (NASDAQ:AIMC) saw a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 2,173,967 shares, an increase of 46.3% from the February 15th total of 1,486,224 shares. Based on an average trading volume of 793,165 shares, the days-to-cover ratio is currently 2.7 days. Approximately 3.4% of the company’s shares are short sold.

AIMC has been the subject of a number of analyst reports. ValuEngine cut Altra Industrial Motion from a “sell” rating to a “strong sell” rating in a research note on Friday, March 1st. Zacks Investment Research cut Altra Industrial Motion from a “hold” rating to a “strong sell” rating in a research note on Monday, February 25th. BidaskClub raised Altra Industrial Motion from a “sell” rating to a “hold” rating in a research note on Thursday, February 14th. BMO Capital Markets reaffirmed an “outperform” rating and set a $45.00 price objective on shares of Altra Industrial Motion in a research note on Monday, November 19th. Finally, TheStreet cut Altra Industrial Motion from a “b-” rating to a “c+” rating in a research note on Wednesday, December 12th. Three research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $49.25.

Shares of Altra Industrial Motion stock opened at $31.73 on Friday. The company has a quick ratio of 1.40, a current ratio of 2.09 and a debt-to-equity ratio of 0.91. Altra Industrial Motion has a 12 month low of $23.52 and a 12 month high of $47.85. The firm has a market cap of $2.05 billion, a P/E ratio of 11.09 and a beta of 1.87.

Altra Industrial Motion (NASDAQ:AIMC) last announced its quarterly earnings data on Thursday, February 21st. The industrial products company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.06). Altra Industrial Motion had a return on equity of 13.06% and a net margin of 3.01%. The company had revenue of $469.20 million for the quarter, compared to analyst estimates of $457.57 million. During the same period last year, the firm earned $0.47 earnings per share. The firm’s revenue for the quarter was up 110.2% on a year-over-year basis. As a group, equities research analysts anticipate that Altra Industrial Motion will post 3.16 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Shareholders of record on Monday, March 18th will be paid a $0.17 dividend. The ex-dividend date is Friday, March 15th. This represents a $0.68 dividend on an annualized basis and a yield of 2.14%. Altra Industrial Motion’s payout ratio is 23.78%.

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About Altra Industrial Motion

Altra Industrial Motion Corp. designs, produces, and markets mechanical power transmission components worldwide. The company operates through three segments: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes; and Gearing. It offers coupling products under the Ameridrives, Bibby, Lamiflex, TB Wood's, Huco Dynatork, Guardian, and Stromag brands for food processing, oil and gas, power generation, material handling, medical, metals, mining, and mobile off-highway markets; and heavy duty clutches and brakes under the Wichita Clutch, Twiflex, Industrial Clutch, Svendborg Brakes, and Stromag brands for use in metal forming, oil and gas drilling platforms, mining, material handling, marine, and wind turbine applications.

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