Altra Industrial Motion Corp (NASDAQ:AIMC) Director Larry Mcpherson sold 9,922 shares of Altra Industrial Motion stock in a transaction on Friday, August 9th. The stock was sold at an average price of $25.40, for a total transaction of $252,018.80. Following the sale, the director now directly owns 9,608 shares of the company’s stock, valued at $244,043.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Altra Industrial Motion stock traded up $0.42 during trading on Tuesday, hitting $25.14. 445,703 shares of the stock were exchanged, compared to its average volume of 521,970. The company has a market cap of $1.64 billion, a PE ratio of 8.79 and a beta of 1.94. The business’s 50-day simple moving average is $31.57. Altra Industrial Motion Corp has a 12-month low of $23.52 and a 12-month high of $44.05. The company has a current ratio of 2.12, a quick ratio of 1.41 and a debt-to-equity ratio of 0.89.

Altra Industrial Motion (NASDAQ:AIMC) last announced its quarterly earnings results on Thursday, July 25th. The industrial products company reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.08). Altra Industrial Motion had a return on equity of 10.50% and a net margin of 4.34%. The company had revenue of $466.50 million for the quarter, compared to analyst estimates of $488.01 million. During the same quarter in the prior year, the business earned $0.71 earnings per share. Altra Industrial Motion’s revenue was up 96.6% compared to the same quarter last year. On average, equities analysts forecast that Altra Industrial Motion Corp will post 2.92 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, September 18th will be paid a dividend of $0.17 per share. The ex-dividend date is Tuesday, September 17th. This represents a $0.68 annualized dividend and a yield of 2.70%. Altra Industrial Motion’s dividend payout ratio is currently 23.78%.

A number of large investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new stake in Altra Industrial Motion during the 2nd quarter worth $59,000. Panagora Asset Management Inc. acquired a new stake in Altra Industrial Motion during the 2nd quarter worth $67,000. Strs Ohio acquired a new stake in Altra Industrial Motion during the 2nd quarter worth $89,000. Advisor Group Inc. acquired a new stake in Altra Industrial Motion during the 2nd quarter worth $127,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Altra Industrial Motion during the 2nd quarter worth $130,000.

Several equities research analysts have recently issued reports on AIMC shares. BidaskClub cut shares of Altra Industrial Motion from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Zacks Investment Research raised shares of Altra Industrial Motion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 23rd. Robert W. Baird set a $46.00 price objective on shares of Altra Industrial Motion and gave the stock a “buy” rating in a research report on Friday, July 26th. KeyCorp decreased their price objective on shares of Altra Industrial Motion from $49.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. Finally, TheStreet raised shares of Altra Industrial Motion from a “c+” rating to a “b” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Altra Industrial Motion currently has an average rating of “Hold” and an average price target of $47.20.

About Altra Industrial Motion

Altra Industrial Motion Corp. designs, produces, and markets a range of electromechanical power transmission motion control products for use in motion related applications, and high-volume manufacturing and non-manufacturing processes worldwide. It operates in two segments, Power Transmission Technologies and Automation & Specialty.

See Also: What is Net Asset Value (NAV)?

Receive News & Ratings for Altra Industrial Motion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altra Industrial Motion and related companies with MarketBeat.com's FREE daily email newsletter.