Altra Industrial Motion Corp (NASDAQ:AIMC) has been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $46.75.

Several research firms have issued reports on AIMC. BidaskClub cut shares of Altra Industrial Motion from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Zacks Investment Research upgraded shares of Altra Industrial Motion from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. TheStreet cut shares of Altra Industrial Motion from a “b-” rating to a “c+” rating in a research note on Monday, August 12th. ValuEngine cut shares of Altra Industrial Motion from a “sell” rating to a “strong sell” rating in a research note on Friday, July 26th. Finally, KeyCorp lowered their target price on shares of Altra Industrial Motion from $49.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, July 26th.

AIMC traded up $0.57 on Friday, hitting $24.55. The company’s stock had a trading volume of 338,800 shares, compared to its average volume of 659,278. The company’s 50 day simple moving average is $30.71 and its 200-day simple moving average is $32.57. The firm has a market cap of $1.58 billion, a P/E ratio of 8.58 and a beta of 1.94. Altra Industrial Motion has a 12 month low of $23.52 and a 12 month high of $44.05. The company has a quick ratio of 1.41, a current ratio of 2.12 and a debt-to-equity ratio of 0.89.

Altra Industrial Motion (NASDAQ:AIMC) last posted its earnings results on Thursday, July 25th. The industrial products company reported $0.71 earnings per share (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 firm had revenue of $466.50 million during the quarter, compared to analysts’ expectations of $488.01 million. During the same quarter in the prior year, the company earned $0.71 earnings per share. The business’s revenue for the quarter was up 96.6% compared to the same quarter last year. Equities analysts predict that Altra Industrial Motion will post 2.92 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Wednesday, September 18th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Tuesday, September 17th. Altra Industrial Motion’s dividend payout ratio is presently 23.78%.

In other Altra Industrial Motion news, Director Larry Mcpherson sold 9,922 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $25.40, for a total value of $252,018.80. Following the sale, the director now directly owns 9,608 shares in the company, valued at approximately $244,043.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new stake in shares of Altra Industrial Motion during the 2nd quarter valued at $31,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Altra Industrial Motion during the 2nd quarter valued at $59,000. Panagora Asset Management Inc. purchased a new stake in shares of Altra Industrial Motion during the 2nd quarter valued at $67,000. Strs Ohio purchased a new stake in shares of Altra Industrial Motion during the 2nd quarter valued at $89,000. Finally, Ladenburg Thalmann Financial Services Inc. purchased a new stake in shares of Altra Industrial Motion during the 2nd quarter valued at $106,000.

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.

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