Diversified Trust Co trimmed its stake in shares of Altra Industrial Motion Corp (NASDAQ:AIMC) by 12.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,195 shares of the industrial products company’s stock after selling 1,600 shares during the quarter. Diversified Trust Co’s holdings in Altra Industrial Motion were worth $414,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. First Bank & Trust increased its stake in Altra Industrial Motion by 24.8% in the 2nd quarter. First Bank & Trust now owns 2,988 shares of the industrial products company’s stock worth $95,000 after acquiring an additional 594 shares during the last quarter. California State Teachers Retirement System increased its stake in Altra Industrial Motion by 0.8% in the 2nd quarter. California State Teachers Retirement System now owns 97,944 shares of the industrial products company’s stock worth $3,120,000 after acquiring an additional 758 shares during the last quarter. BBVA USA Bancshares Inc. increased its stake in Altra Industrial Motion by 8.0% in the 2nd quarter. BBVA USA Bancshares Inc. now owns 12,394 shares of the industrial products company’s stock worth $395,000 after acquiring an additional 920 shares during the last quarter. USA Financial Portformulas Corp bought a new position in Altra Industrial Motion in the 3rd quarter worth about $36,000. Finally, Nuveen Asset Management LLC increased its stake in Altra Industrial Motion by 0.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 377,844 shares of the industrial products company’s stock worth $12,038,000 after acquiring an additional 971 shares during the last quarter.

AIMC has been the topic of a number of research analyst reports. ValuEngine lowered Altra Industrial Motion from a “hold” rating to a “sell” rating in a research note on Friday. Oppenheimer upped their target price on Altra Industrial Motion from $36.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. BMO Capital Markets increased their price objective on Altra Industrial Motion from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, July 28th. Rosenblatt Securities reiterated a “hold” rating on shares of Altra Industrial Motion in a research report on Wednesday, July 29th. Finally, BidaskClub lowered Altra Industrial Motion from a “buy” rating to a “hold” rating in a research report on Tuesday, October 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Altra Industrial Motion presently has an average rating of “Hold” and an average target price of $39.33.

In related news, VP Glenn E. Deegan sold 3,760 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $41.09, for a total transaction of $154,498.40. Following the completion of the transaction, the vice president now owns 44,855 shares of the company’s stock, valued at approximately $1,843,091.95. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lyle G. Ganske sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $42.00, for a total value of $210,000.00. Following the transaction, the director now directly owns 22,875 shares of the company’s stock, valued at approximately $960,750. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,287 shares of company stock valued at $491,400. 1.20% of the stock is owned by corporate insiders.

Shares of AIMC stock opened at $40.82 on Friday. The stock has a market capitalization of $2.64 billion, a PE ratio of -83.31, a P/E/G ratio of 1.20 and a beta of 2.58. Altra Industrial Motion Corp has a 1-year low of $12.00 and a 1-year high of $43.17. The business has a 50-day moving average of $39.31 and a 200 day moving average of $31.94. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.27 and a quick ratio of 1.56.

Altra Industrial Motion (NASDAQ:AIMC) last released its earnings results on Friday, July 24th. The industrial products company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.26. Altra Industrial Motion had a positive return on equity of 9.13% and a negative net margin of 1.85%. The company had revenue of $400.80 million during the quarter, compared to analysts’ expectations of $367.98 million. During the same quarter last year, the business posted $0.71 EPS. The firm’s revenue for the quarter was down 14.1% compared to the same quarter last year. Analysts anticipate that Altra Industrial Motion Corp will post 2.26 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 18th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Thursday, September 17th. Altra Industrial Motion’s dividend payout ratio (DPR) is presently 5.59%.

Altra Industrial Motion Profile

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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Institutional Ownership by Quarter for Altra Industrial Motion (NASDAQ:AIMC)

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